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can i calculate stock value with williams%r if i know the last set?
user
william %r is a momentum indicator used for measuring overbought and oversold levels, it is not used to predict the price of a stock. in fact, william %r, like all momentum indicators, is a lagging indicator - meaning the indicator level changes as the price of the stock changes. it ranges from 0 to -100. usually when a reading is less than -80 the stock can be considered to be oversold, and when the reading is above -20 the stock can be considered overbought. when viewed together with the price chart, this can help provide a trader with entry and exit points into and out of a trade.
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