The Greedy Trader Weekly Analysis
Sign In May 24, 2024
Skip Navigation Links
TA Search
Share
Daily W%R Divergence:Bearish
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.

Air Products & Chemicals (APD) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergence20 Day Moving Average has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the Air Products & Chemicals (APD). During the week, the APD gained 12.15 points, or 4.85%, and closed at 262.70 on Friday, May 17, 2024. Weekly volume was 64% above average.

APD is a member of Materials Sector. Materials 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 APD long-term trend chart]
A long-term downtrend had started on December 13, 2022 at 328.56 and reached 212.24 on February 6, 2024. APD lost 116.32 points, or 35.40%, in 60 weeks. The price is now at the 43.38% retracement level.

Medium-term trend: [See APD medium-term trend chart]
A medium-term downtrend had started on September 15, 2023 at 307.71 and reached 212.24 on February 6, 2024. APD lost 95.47 points, or 31.03%, in 20 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (234.86) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. APD may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.

Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 19, 2024. Use the following link to access a MACD help.

Short-term trend: [See APD short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 227.53 and reached 262.97 on May 17, 2024. APD gained -35.44 points, or -15.58%, in 31 days. Price is near the trend high.

Daily Technical Indicators: [See APD daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since April 23, 2024. This is an indication that the short-term trend is up.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.22
Overbought
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 84.63
Overbought Bearish
Greed/Fear Indicator (GFI) 84.43
Overbought
Moving Average Converg./Diverg. (MACD) 3.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.73
Williams' Percentage Range (W%R) 28.00
Lane's Stochastic (%D-Slow) 64.09
Greed/Fear Indicator (GFI) 65.90
Moving Average Converg./Diverg. (MACD) -10.12
Trading Signals
Description Value Chart
Upper Bollinger Band 262.91
Price 262.70
Daily Stochastic Crossing 260.40
Weekly Stochastic Crossing 252.24
Parabolic System 252.14
20 Day Moving Average 244.46
50 Day Moving Average 241.05
Monthly Trendline Support 234.86
Lower Bollinger Band 230.33
Monthly Trendline Resistance 226.18
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Industrial Gases 55
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 248.37
Low Date 05/14/2024
High 262.97
High Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 227.53
Low Date 04/16/2024
High 262.97
High Date 05/17/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 226.18
Support 234.86
High 307.71
High Date 09/15/2023
Low 212.24
Low Date 02/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 328.56
High Date 12/13/2022
Low 212.24
Low Date 02/06/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.00
Low Date 03/08/2000
High 328.56
High Date 12/13/2022
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.