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 :Overbought sectorWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a second consecutive positive week for the Applied Materials (AMAT). During the week, the AMAT gained 5.14 points, or 8.33%, and closed at 66.85 on Friday, February 14, 2020. It was the best weekly gain since November 15, 2019. AMAT was trading at average weekly trading volume.

AMAT is a member of Technology Sector. Technology 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 AMAT long-term trend chart]
A long-term downtrend had started on March 12, 2018 at 62.40 and reached 54.95 on December 3, 2019. AMAT lost 7.45 points, or 11.94%, in 90 weeks. The chart has formed a Rising Wedge chart pattern. The downtrend resistance line (60.49) 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. AMAT 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 long-term trend.

Medium-term trend: [See AMAT medium-term trend chart]
A medium-term uptrend had started on December 3, 2019 at 54.95 and reached 69.44 on February 13, 2020. AMAT gained -14.49 points, or -26.37%, in 10 weeks. The price is now at the 17.87% retracement level.

Weekly Technical Indicators: [See AMAT 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. 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 links to access Lane's Stochastic and Williams' Percentage Range 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 February 10, 2020 at 61.08 and reached 69.44 on February 13, 2020. AMAT gained -8.36 points, or -13.69%, in 3 days. The price is now at the 30.98% retracement level.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since February 5, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.33
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 84.11
Overbought
Greed/Fear Indicator (GFI) 79.61
Moving Average Converg./Diverg. (MACD) 0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.76
Williams' Percentage Range (W%R) 9.60
Strong Overbought
Lane's Stochastic (%D-Slow) 75.59
Bearish
Greed/Fear Indicator (GFI) 73.32
Moving Average Converg./Diverg. (MACD) 3.89 Bearish
Trading Signals
Description Value Chart
Daily Stochastic Crossing 68.24
Upper Bollinger Band 67.95
Price 66.85
Weekly Stochastic Crossing 66.23
Yearly Trendline Resistance 63.16
20 Day Moving Average 62.58
Parabolic System 61.65
50 Day Moving Average 61.25
Yearly Trendline Support 60.49
Lower Bollinger Band 58.15
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Semiconductor Equip/Matrl 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.08
Low Date 02/10/2020
High 69.44
High Date 02/13/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.08
Low Date 02/10/2020
High 69.44
High Date 02/13/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.53
Low Date 01/31/2020
High 69.44
High Date 02/13/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.95
Low Date 12/03/2019
High 69.44
High Date 02/13/2020
Description Value
Direction Down
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 63.16
Support 60.49
High 62.40
High Date 03/12/2018
Low 54.95
Low Date 12/03/2019
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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