The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.
A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Falling Wedge Pattern,Falling Wedge,Falling Wedge Chart Pattern,Charting technique, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading

Applied Materials (AMAT)

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Summary:
Weekly :Lane's Stochastic and MACD bearish divergence
Daily :The price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Applied Materials (AMAT). During the week, the AMAT gained 2.53 points, or 5.75%, and closed at 46.51 on Friday, July 12, 2019. Weekly volume was -19% below average.

Long-term trend: [See AMAT long-term trend chart]
A long-term downtrend had started on March 12, 2018 at 62.40 and reached 28.79 on December 26, 2018. AMAT lost 33.61 points, or 53.86%, in 41 weeks. The price is now at the 52.72% retracement level.

Medium-term trend: [See AMAT medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 28.79 and reached 47.55 on July 1, 2019. AMAT gained -18.76 points, or -65.16%, in 26 weeks. The price is now at the 5.54% retracement level.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since December 28, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See AMAT short-term trend chart]
A short-term uptrend had started on May 29, 2019 at 38.40 and reached 47.55 on July 1, 2019. AMAT gained -9.15 points, or -23.83%, in 33 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 44.12 and resistance is at 48.43. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since June 4, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.77
Williams' Percentage Range (W%R) 30.00
Lane's Stochastic (%D-Slow) 43.86
Greed/Fear Indicator (GFI) 60.56
Moving Average Converg./Diverg. (MACD) 0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.98
Williams' Percentage Range (W%R) 20.40
Lane's Stochastic (%D-Slow) 61.91
Bearish
Greed/Fear Indicator (GFI) 64.99
Moving Average Converg./Diverg. (MACD) 0.74 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 48.43
Parabolic System 46.89
Upper Bollinger Band 46.82
Price 46.51
Daily Stochastic Crossing 44.64
Weekly Stochastic Crossing 44.26
Weekly Trendline Support 44.12
20 Day Moving Average 43.66
50 Day Moving Average 42.11
Lower Bollinger Band 40.81
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Semiconductor Equip/Matrl 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.88
Low Date 07/09/2019
High 46.54
High Date 07/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 48.43
Support 44.12
Low 38.40
Low Date 05/29/2019
High 47.55
High Date 07/01/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.79
Low Date 12/26/2018
High 47.55
High Date 07/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.40
High Date 03/12/2018
Low 28.79
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.80
Low Date 11/21/2008
High 62.40
High Date 03/12/2018
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.

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