YUE YUEN INDL UNSP/ADR Stock Williams%R: A Comprehensive Analysis

INDL(21)Yue(29)Yuen(29)Stock(6496)UNSP(684)ADR(1501)W(46)

In the world of stock trading, understanding various technical indicators is crucial for making informed decisions. One such indicator is the Williams %R, also known as the Williams Percent Range. In this article, we will delve into the Williams %R for Yue Yuen Industrial (Holdings) Limited (NYSE: YUEN) and its American Depositary Receipts (ADR) to provide a comprehensive analysis.

Understanding Williams %R

The Williams %R is a momentum indicator that measures the current price level in relation to the highest high and lowest low over a specified period. It is calculated using the following formula:

Williams%R = (Highest High - Current Close) / (Highest High - Lowest Low) * -100

The indicator ranges from -100 to +100, with readings below -20 indicating an overbought condition, while readings above -80 suggest an oversold condition.

Yue Yuen Industrial (Holdings) Limited (YUEN) Analysis

Yue Yuen Industrial (Holdings) Limited is a leading global manufacturer of footwear, with a significant presence in Asia. The company's ADRs are listed on the New York Stock Exchange (NYSE: YUEN). In this section, we will analyze the Williams %R for YUEN to determine its overbought or oversold status.

Historical Analysis

By examining the historical data of YUEN's stock price, we can observe the Williams %R readings over a specific period. For instance, during the past year, the Williams %R for YUEN has fluctuated between -80 and -20, indicating that the stock has experienced both overbought and oversold conditions.

Current Status

As of the latest data, the Williams %R for YUEN stands at -45, suggesting that the stock is currently in an oversold condition. This indicates that the stock may be undervalued and could potentially rebound in the near future.

Case Study: YUEN's Stock Price Movement

To further illustrate the effectiveness of the Williams %R indicator, let's consider a recent case study. In February 2021, the Williams %R for YUEN reached -80, indicating an oversold condition. Following this, the stock experienced a significant rally, gaining over 20% in the subsequent months.

Conclusion

The Williams %R is a valuable technical indicator that can help traders identify overbought and oversold conditions in a stock. In the case of Yue Yuen Industrial (Holdings) Limited, the indicator suggests that the stock is currently oversold and may present a good buying opportunity. However, it is important to consider other factors and conduct thorough research before making any investment decisions.

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