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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. |
Falling Wedge Pattern,Falling Wedge,Falling Wedge Chart Pattern,Charting technique, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading |
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Ametek (AME) |
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| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was a first positive week for the Ametek (AME). During the week, the AME gained 3.17 points, or 3.70%, and closed at 88.96 on Thursday, July 2, 2020. Weekly volume was -48% below average.
AME is a member of Industrials Sector. Industrials 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 AME long-term trend chart]
A long-term downtrend had started on January 8, 2020 at 102.31 and reached 54.82 on March 18, 2020. AME lost 47.49 points, or 46.42%, in 10 weeks. The price is now at the 71.89% retracement level.
 Medium-term trend: [See AME medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 54.82 and reached 98.00 on June 8, 2020. AME gained -43.18 points, or -78.77%, in 11 weeks. The price is now at the 20.94% retracement level.
 Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 15, 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 AME short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 98.00 and reached 84.53 on June 25, 2020. AME lost 13.47 points, or 13.74%, in 17 days. The chart has formed a Descending Triangle chart pattern.
Daily Technical Indicators: [See AME daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since June 10, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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.
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