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|It was a fourth positive week after 3 consecutive negative weeks for the Applied Materials (AMAT). During the week, the AMAT gained 3.58 points, or 6.17%, and closed at 61.61 on Friday, March 09, 2018. Weekly volume was 57% above average. |
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 uptrend had started on November 21, 2008 at 7.80 and reached 61.76 on March 9, 2018. AMAT gained -53.96 points, or -691.79%, in 485 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (16.72) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 February 9, 2018 at 45.13 and reached 61.76 on March 9, 2018. AMAT gained -16.63 points, or -36.85%, in 4 weeks. Price is near the trend high.
Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish 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 March 2, 2018 at 55.12 and reached 61.76 on March 9, 2018. AMAT gained -6.64 points, or -12.05%, in 7 days. Price is near the trend high.
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. Daily 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 daily 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since February 14, 2018. This is an indication that the short-term trend is up.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.