The Greedy Trader Weekly Analysis
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Stocks Screener - Oversold Williams %R

Weekly W%R:> 80
Number of records: 57
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- 7/12/2024 -
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Symbol View HelpWeekly View HelpGFI View HelpOscillators View HelpTrend Analysis View HelpRanking View HelpTechnical View HelpCandle View HelpWatch View Help
AAL 10.68-3.26%31.0117.11 5 22 6 Add to Watch List
AAP 62.927.15%41.4824.26 4 4 4 07/08/24	Bullish  Doji
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ABT 104.220.19%50.2534.54 6 46 1 Downtrend Broken Resist.Add to Watch List
ACN 310.633.84%49.4238.12 7 64 1 Downtrend Broken Resist.07/12/24	Bullish  Long White Real Body
07/11/24	Bearish  Downside Tasuki Gap
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ADP 238.021.04%29.5232.60 7 26 2 Add to Watch List
ALB 97.83-0.53%46.7924.12 3 43 3 07/10/24	Bullish  Long White Real Body
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ALGN 242.65-0.39%59.6623.37 6 8 2 Add to Watch List
BF.B 44.174.20%54.9522.96 2 32 5 Downtrend Broken Resist.07/08/24	Bearish  Dark Cloud Cover
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BMY 40.441.97%40.9321.88 6 21 07/09/24	Bullish  Long White Real Body
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CAH 94.16-1.80%13.0927.56 6 21 Add to Watch List

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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Warning: 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.