The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.

A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.

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- 6/20/2025 -
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Ametek (AME) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :Broken trend support lineThe price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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It was the negative week for the Ametek (AME). During the week, the AME gave back -0.27 points, or -0.15%, and closed at 176.69 on Friday, June 20, 2025. Weekly volume was 32% above average.

AME is a member of Industrials Sector. Industrials 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 AME long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 106.20 and reached 198.30 on November 25, 2024. AME gained -92.10 points, or -86.72%, in 127 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 161.44 and resistance is at 208.04. 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 long-term trend.

Medium-term trend: [See AME medium-term trend chart]
A medium-term downtrend had started on November 25, 2024 at 198.30 and reached 145.00 on April 7, 2025. AME lost 53.30 points, or 26.88%, in 19 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 119.41 and resistance is at 184.08. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AME 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 23, 2025. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See AME short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 145.00 and reached 182.88 on May 16, 2025. AME gained -37.88 points, or -26.12%, in 39 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (185.10) 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 short-term trend.

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

The daily MACD line is below its signal line since May 28, 2025. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The distance between the Bollinger Bands (3.28%) is close to one year low (3.49%). It is 66.81% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.01
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 28.01
Greed/Fear Indicator (GFI) 47.26
Moving Average Converg./Diverg. (MACD) 1.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.46
Williams' Percentage Range (W%R) 26.10
Lane's Stochastic (%D-Slow) 88.29
Overbought
Greed/Fear Indicator (GFI) 70.36
Moving Average Converg./Diverg. (MACD) -1.12
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 208.04
Weekly Trendline Support 185.10
Monthly Trendline Resistance 184.08
Weekly Trendline Resistance 181.32
Upper Bollinger Band 180.42
Weekly Stochastic Crossing 180.14
20 Day Moving Average 178.31
Daily Stochastic Crossing 177.03
Price 176.69
Parabolic System 174.89
Lower Bollinger Band 174.60
50 Day Moving Average 172.55
Quarterly Trendline Support 161.44
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Electrical Components & Equipment 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 174.88
Low Date 06/02/2025
High 181.73
High Date 06/11/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 181.32
Support 185.10
Low 145.00
Low Date 04/07/2025
High 182.88
High Date 05/16/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 184.08
Support 119.41
High 198.30
High Date 11/25/2024
Low 145.00
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 208.04
Support 161.44
Low 106.20
Low Date 06/17/2022
High 198.30
High Date 11/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 198.30
High Date 11/25/2024
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.