The Greedy Trader Weekly Analysis
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Semiconductor Equipment Industry Technical Analysis

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- 9/10/2021 -
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Applied Materials (AMAT)

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceThe period of low volatility of the stock price
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It was a first positive week for the Applied Materials (AMAT). During the week, the AMAT climbed 1.01 points, or 0.74%, and closed at 136.84 on Friday, September 10, 2021. Weekly volume was -83% below average.

AMAT is a member of Information Technology Sector. Information Technology is the second 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 December 26, 2018 at 28.79 and reached 146.00 on April 5, 2021. AMAT gained -117.21 points, or -407.12%, in 118 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (62.45) 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 September 21, 2020 at 54.15 and reached 146.00 on April 5, 2021. AMAT gained -91.85 points, or -169.62%, in 28 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (145.82) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since May 7, 2021. 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 June 29, 2021 at 142.79 and reached 125.25 on August 20, 2021. AMAT lost 17.54 points, or 12.28%, in 52 days. The price is now at the 66.08% retracement level.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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. 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 daily MACD line is above its signal line since August 26, 2021. The distance between MACD and the signal line is low and getting smaller.

The distance between the Bollinger Bands is falling, and it was 8.8% on Friday. It is 50.06% 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) 71.48
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 58.08
Bearish
Greed/Fear Indicator (GFI) 71.12
Moving Average Converg./Diverg. (MACD) -0.30 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.74
Williams' Percentage Range (W%R) 22.60
Lane's Stochastic (%D-Slow) 45.95
Greed/Fear Indicator (GFI) 57.77
Moving Average Converg./Diverg. (MACD) 8.65
Trading Signals
Description Value Chart
Weekly Trendline Support 145.82
Upper Bollinger Band 140.56
Weekly Trendline Resistance 140.06
Price 136.84
Daily Stochastic Crossing 136.70
50 Day Moving Average 135.18
Weekly Stochastic Crossing 132.79
20 Day Moving Average 132.79
Parabolic System 132.59
Lower Bollinger Band 128.53
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Semiconductor Equipment 71
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 142.79
High Date 06/29/2021
Low 125.25
Low Date 08/20/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 140.06
Support 145.82
Low 54.15
Low Date 09/21/2020
High 146.00
High Date 04/05/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.64
Low Date 03/18/2020
High 146.00
High Date 04/05/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 70.88
Support 62.45
Low 28.79
Low Date 12/26/2018
High 146.00
High Date 04/05/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.80
Low Date 11/21/2008
High 146.00
High Date 04/05/2021
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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