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Stocks Screener - Strongly Overbought Williams %R

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Weekly W%R:< 10
Number of records: 74
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PriceChg%DailyWklyDailyWklyDailyWklyMtlyQtlyYrlySectorIndustrySignalsRanksticksList
ALL 172.82-0.11%82.4577.50 11 120 3 Add to Watch List
AMP 434.81-0.83%59.3683.23 11 71 4 04/05/24	Bullish  Harami
04/04/24	Bearish  Long Red Real Body
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AMZN 185.072.60%75.1381.74 7 54 2 04/04/24	Bearish  Dark Cloud Cover
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BSX 68.560.10%61.5483.26 4 61 2 Add to Watch List
CAT 379.303.51%79.7785.81 9 121 1 04/04/24	Bearish  Dark Cloud Cover
04/03/24	Bullish  Long White Real Body
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CI 362.45-0.20%76.5585.12 4 13 1 Add to Watch List
CMI 300.672.04%81.7284.33 9 104 1 Uptrend ExhaustionAdd to Watch List
COP 133.524.90%94.1080.66 12 114 1 Uptrend ExhaustionAdd to Watch List
CTVA 56.85-1.42%67.5879.46 10 80 3 Downtrend Broken Resist.Add to Watch List
CVX 161.602.45%84.5979.96 12 115 Add to Watch List
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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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