The Greedy Trader Weekly Analysis
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Daily W%R:< 10
Number of records: 8
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/5/2024 -
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Masco Corp. (MAS) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal line
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It was the negative week for the Masco Corp. (MAS). During the week, the MAS dropped -1.98 points, or -2.51%, and closed at 76.90 on Friday, April 5, 2024. Weekly volume was -21% below average.

MAS is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MAS long-term trend chart]
A long-term uptrend had started on October 26, 2022 at 42.33 and reached 78.94 on March 28, 2024. MAS gained -36.61 points, or -86.49%, in 74 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (50.55) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See MAS medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 47.66 and reached 78.94 on March 28, 2024. MAS gained -31.28 points, or -65.63%, in 22 weeks. The price is now at the 6.52% retracement level.

Weekly Technical Indicators: [See MAS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See MAS short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 78.94 and reached 75.89 on April 2, 2024. MAS lost 3.05 points, or 3.86%, in 5 days. The price is now at the 33.11% retracement level.

Daily Technical Indicators: [See MAS daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.01
Williams' Percentage Range (W%R) 33.20
Lane's Stochastic (%D-Slow) 50.04
Greed/Fear Indicator (GFI) 58.96
Moving Average Converg./Diverg. (MACD) 1.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.87
Williams' Percentage Range (W%R) 8.90
Strong Overbought
Lane's Stochastic (%D-Slow) 84.57
Overbought
Greed/Fear Indicator (GFI) 78.48
Moving Average Converg./Diverg. (MACD) 4.59
Trading Signals
Description Value Chart
Upper Bollinger Band 79.29
Weekly Stochastic Crossing 77.53
Daily Stochastic Crossing 77.22
Price 76.90
20 Day Moving Average 76.36
Parabolic System 75.96
50 Day Moving Average 74.21
Lower Bollinger Band 73.66
Yearly Trendline Resistance 73.62
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Building Products 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 78.92
High Date 04/04/2024
Low 76.28
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.94
High Date 03/28/2024
Low 75.89
Low Date 04/02/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 72.61
Low Date 03/15/2024
High 78.94
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.66
Low Date 10/25/2023
High 78.94
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 73.62
Support 50.55
Low 42.33
Low Date 10/26/2022
High 78.94
High Date 03/28/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.