The Greedy Trader Weekly Analysis
Sign In May 24, 2024
Skip Navigation Links
TA Search
Share
Daily W%R:> 70
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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.

Advanced TA Search

Archive
- 5/17/2024 -
Sign In to see current Signals.

American Int'l. Group (AIG) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtTrend resistance at 81.17
Daily :Stochastic signal line moved below overbought area
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the American Int'l. Group (AIG). During the week, the AIG climbed 0.43 points, or 0.54%, and closed at 80.54 on Friday, May 17, 2024. Weekly volume was 22% above average.

AIG is a member of Financials Sector. Financials 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 AIG long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 45.67 and reached 80.82 on May 10, 2024. AIG gained -35.15 points, or -76.97%, in 59 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (81.17). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term uptrend had started on October 4, 2023 at 57.72 and reached 80.82 on May 10, 2024. AIG gained -23.10 points, or -40.02%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 75.06 and resistance is at 81.21. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AIG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 2, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See AIG short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 71.51 and reached 80.82 on May 10, 2024. AIG gained -9.31 points, or -13.02%, in 23 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 80.23 and resistance is at 82.99. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See AIG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 29, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.76
Williams' Percentage Range (W%R) 26.80
Lane's Stochastic (%D-Slow) 59.85
Greed/Fear Indicator (GFI) 68.95
Moving Average Converg./Diverg. (MACD) 1.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.99
Williams' Percentage Range (W%R) 12.10
Overbought
Lane's Stochastic (%D-Slow) 70.24
Greed/Fear Indicator (GFI) 73.62
Moving Average Converg./Diverg. (MACD) 3.52
Trading Signals
Description Value Chart
Weekly Trendline Resistance 82.99
Upper Bollinger Band 82.51
Monthly Trendline Resistance 81.21
Quarterly Trendline Resistance 81.17
Price 80.54
Weekly Trendline Support 80.23
Daily Stochastic Crossing 79.79
Weekly Stochastic Crossing 78.56
Parabolic System 78.29
20 Day Moving Average 77.71
50 Day Moving Average 76.60
Monthly Trendline Support 75.06
Quarterly Trendline Support 73.75
Lower Bollinger Band 73.64
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Property & Casualty Insurance 91
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 80.82
High Date 05/10/2024
Low 78.37
Low Date 05/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 82.99
Support 80.23
Low 71.51
Low Date 04/17/2024
High 80.82
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 81.21
Support 75.06
Low 57.72
Low Date 10/04/2023
High 80.82
High Date 05/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 81.17
Support 73.75
Low 45.67
Low Date 03/24/2023
High 80.82
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.07
Low Date 03/18/2020
High 80.82
High Date 05/10/2024
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.