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|It was the negative week for the Applied Materials (AMAT). During the week, the AMAT gave back -0.48 points, or -0.92%, and closed at 51.43 on Friday, December 08, 2017. Weekly volume was 93% above average. |
Long-term trend: [See AMAT long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 7.80 and reached 60.88 on November 17, 2017. AMAT gained -53.08 points, or -680.51%, in 469 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (16.50) 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 60.88 on November 17, 2017. AMAT gained -46.63 points, or -327.23%, in 116 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 48.30 and resistance is at 53.89. 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 medium-term trend.
Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 December 5, 2017 at 48.25 and reached 53.79 on December 8, 2017. AMAT gained -5.54 points, or -11.48%, in 3 days. The price is now at the 42.60% retracement level.
Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 25, 2017.
The distance between the Bollinger Bands (22.79%) is close to one year high (19.25%). It is 119.48% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.