The Greedy Trader Weekly Analysis
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Applied Materials (AMAT)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Applied Materials (AMAT). During the week, the AMAT gained 2.62 points, or 4.49%, and closed at 61.00 on Thursday, July 2, 2020. Weekly volume was -50% below average.

AMAT is a member of Information Technology Sector. Information 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 February 13, 2020 at 69.44 and reached 36.64 on March 18, 2020. AMAT lost 32.80 points, or 47.24%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (58.79) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See AMAT medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 36.64 and reached 62.32 on June 19, 2020. AMAT gained -25.68 points, or -70.09%, in 13 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 58.40 and resistance is at 64.34. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. 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 May 4, 2020 at 46.22 and reached 62.32 on June 19, 2020. AMAT gained -16.10 points, or -34.83%, in 46 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 24, 2020. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 68.87
Williams' Percentage Range (W%R) 23.30
Lane's Stochastic (%D-Slow) 45.09
Greed/Fear Indicator (GFI) 63.54
Moving Average Converg./Diverg. (MACD) 1.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.93
Williams' Percentage Range (W%R) 27.30
Lane's Stochastic (%D-Slow) 86.51
Overbought
Greed/Fear Indicator (GFI) 72.32
Moving Average Converg./Diverg. (MACD) 0.21
Trading Signals
Description Value Chart
Weekly Trendline Resistance 64.34
Parabolic System 62.10
Upper Bollinger Band 62.02
Price 61.00
Weekly Stochastic Crossing 60.50
Daily Stochastic Crossing 59.93
20 Day Moving Average 59.46
Monthly Trendline Support 58.79
Weekly Trendline Support 58.40
Lower Bollinger Band 55.93
50 Day Moving Average 55.73
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry Semiconductor Equipment 119
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 46.22
Low Date 05/04/2020
High 62.32
High Date 06/19/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 64.34
Support 58.40
Low 36.64
Low Date 03/18/2020
High 62.32
High Date 06/19/2020
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 41.85
Support 58.79
High 69.44
High Date 02/13/2020
Low 36.64
Low Date 03/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.79
Low Date 12/26/2018
High 69.44
High Date 02/13/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.80
Low Date 11/21/2008
High 69.44
High Date 02/13/2020
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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