The Greedy Trader Weekly Analysis
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Semiconductor Equip/Matrl Industry Technical Analysis

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- 12/6/2019 -
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Applied Materials (AMAT)

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Summary:
Weekly :Stochastic signal line moved below overbought areaPrice is near the Fibonacci 23.6% retracement level
Daily :The price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Applied Materials (AMAT). During the week, the AMAT dropped -1.30 points, or -2.25%, and closed at 56.60 on Friday, December 6, 2019. Weekly volume was -48% below average.

Long-term trend: [See AMAT long-term trend chart]
A long-term downtrend had started on March 12, 2018 at 62.40 and reached 54.95 on December 3, 2019. AMAT lost 7.45 points, or 11.94%, in 90 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See AMAT medium-term trend chart]
A medium-term downtrend had started on November 18, 2019 at 63.07 and reached 54.95 on December 3, 2019. AMAT lost 8.12 points, or 12.87%, in 2 weeks. The price is now at the 20.32% retracement level.

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.

The weekly MACD line is above its signal line since December 28, 2018. 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 3, 2019 at 54.95 and reached 57.49 on December 6, 2019. AMAT gained -2.54 points, or -4.62%, in 3 days. The price is now at the 35.04% 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 November 21, 2019. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has declined below 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) 32.02
Williams' Percentage Range (W%R) 77.80
Lane's Stochastic (%D-Slow) 26.06
Greed/Fear Indicator (GFI) 26.75
Moving Average Converg./Diverg. (MACD) 0.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.37
Williams' Percentage Range (W%R) 34.20
Lane's Stochastic (%D-Slow) 73.76
Greed/Fear Indicator (GFI) 64.82
Moving Average Converg./Diverg. (MACD) 3.17
Trading Signals
Description Value Chart
Upper Bollinger Band 60.82
Weekly Stochastic Crossing 59.39
Parabolic System 59.18
20 Day Moving Average 57.66
Price 56.60
Daily Stochastic Crossing 55.93
50 Day Moving Average 54.66
Lower Bollinger Band 52.78
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Semiconductor Equip/Matrl 91
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 54.95
Low Date 12/03/2019
High 57.49
High Date 12/06/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.95
Low Date 12/03/2019
High 57.49
High Date 12/06/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.95
Low Date 12/03/2019
High 57.49
High Date 12/06/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.07
High Date 11/18/2019
Low 54.95
Low Date 12/03/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.40
High Date 03/12/2018
Low 54.95
Low Date 12/03/2019
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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