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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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Advanced TA SearchArchive - 4/26/2024 - Sign In to see current Signals. |
Duke Energy (DUK) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Duke Energy (DUK). During the week, the DUK gave back -0.53 points, or -0.54%, and closed at 97.71 on Friday, April 26, 2024. Weekly volume was -20% below average. DUK is a member of Utilities Sector. Utilities 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 DUK long-term trend chart] A long-term uptrend had started on October 6, 2023 at 83.07 and reached 99.92 on January 10, 2024. DUK gained -16.85 points, or -20.28%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (93.16) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 DUK medium-term trend chart] A medium-term downtrend had started on January 10, 2024 at 99.92 and reached 90.09 on March 1, 2024. DUK lost 9.83 points, or 9.84%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (93.44) 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. DUK 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 DUK weekly technical indicators chart] Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 March 22, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help. Short-term trend: [See DUK short-term trend chart] A short-term uptrend had started on April 16, 2024 at 92.75 and reached 99.61 on April 25, 2024. DUK gained -6.86 points, or -7.40%, in 9 days. The price is now at the 27.70% retracement level. Daily Technical Indicators: [See DUK daily technical indicators chart] Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up.
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