The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rising Channel
Number of records: 15
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Applied Materials
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Summary:
Weekly :Broken trend support lineOversold industryBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :The price is below the lower Bollinger BandLane's Stochastic bullish divergenceThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Applied Materials (AMAT). During the week, the AMAT dropped -1.41 points, or -3.65%, and closed at 37.24 on Friday, October 05, 2018. Weekly volume was -22% below average.

AMAT is a member of Semiconductor Equip/Matrl Industry. Semiconductor Equip/Matrl is the ninth most oversold industry. 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 uptrend had started on November 21, 2008 at 7.80 and reached 62.40 on March 12, 2018. AMAT gained -54.60 points, or -700%, in 485 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (17.26) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 August 24, 2015 at 14.25 and reached 62.40 on March 12, 2018. AMAT gained -48.15 points, or -337.89%, in 133 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (53.33) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. 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 below its signal line since March 29, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See AMAT short-term trend chart]
A short-term downtrend had started on September 21, 2018 at 39.95 and reached 36.98 on October 5, 2018. AMAT lost 2.97 points, or 7.43%, in 14 days. The price is now at the 8.75% retracement level.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since September 19, 2018. The distance between MACD and the signal line is low and getting smaller.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 6.12% on Friday. It is 61.46% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.87
Williams' Percentage Range (W%R) 74.50
Lane's Stochastic (%D-Slow) 26.73
Bullish
Greed/Fear Indicator (GFI) 29.69
Moving Average Converg./Diverg. (MACD) -1.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.05
Williams' Percentage Range (W%R) 95.40
Strong Oversold
Lane's Stochastic (%D-Slow) 8.56
Strong Oversold
Greed/Fear Indicator (GFI) 16.78
Oversold
Moving Average Converg./Diverg. (MACD) -2.42
Trading Signals
Description Value Chart
50 Day Moving Average 42.89
Upper Bollinger Band 40.47
Monthly Trendline Support 39.71
Parabolic System 39.58
20 Day Moving Average 38.77
Lower Bollinger Band 38.20
Weekly Stochastic Crossing 38.12
Daily Stochastic Crossing 37.77
Price 37.24
Yearly Trendline Resistance 34.00
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Semiconductor Equip/Matrl 9
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 39.95
High Date 09/21/2018
Low 36.98
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.39
High Date 08/08/2018
Low 36.98
Low Date 10/05/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 45.56
Support 39.71
High 62.40
High Date 03/12/2018
Low 36.98
Low Date 10/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 65.30
Support 53.33
Low 14.25
Low Date 08/24/2015
High 62.40
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 34.00
Support 17.26
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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