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Stocks Screener - Williams' Percentage Range Bearish Divergence

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Daily W%R Divergence:Bearish
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- 3/15/2024 -
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PriceChg%DailyWklyDailyWklyDailyWklyMtlyQtlyYrlySectorIndustrySignalsRanksticksList
ABBV 178.15-0.39%57.5683.62 6 47 4 Add to Watch List
AFL 84.372.75%83.2258.74 11 66 Add to Watch List
AIG 76.272.50%88.6979.52 11 121 1 Add to Watch List
AME 181.520.04%69.8884.18 12 108 2 Add to Watch List
AMP 419.491.82%66.2680.99 11 41 1 Add to Watch List
AON 318.990.71%69.5665.70 11 101 2 Add to Watch List
AOS 87.091.48%75.3175.86 12 104 1 Add to Watch List
CAT 346.972.29%76.8782.61 12 123 1 03/12/24	Bearish  Downside Tasuki Gap
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CINF 119.902.23%83.8682.21 11 121 2 Uptrend ExhaustionAdd to Watch List
CVX 155.553.78%70.9964.64 9 79 2 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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