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|It was a second positive week after 5 consecutive negative weeks for the Ametek (AME). During the week, the AME gained 1.82 points, or 2.51%, and closed at 74.45 on Friday, November 09, 2018. Weekly volume was 64% above average. |
AME is a member of Industrial Goods Sector. Industrial Goods is the second most oversold 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 May 1, 2018 at 68.57 and reached 81.92 on September 21, 2018. AME gained -13.35 points, or -19.47%, in 20 weeks. The price is now at the 55.96% retracement level.
Medium-term trend: [See AME medium-term trend chart]
A medium-term downtrend had started on September 21, 2018 at 81.92 and reached 64.91 on October 29, 2018. AME lost 17.01 points, or 20.76%, in 5 weeks. The price is now at the 56.08% retracement level.
Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 October 29, 2018 at 64.91 and reached 75.55 on November 7, 2018. AME gained -10.64 points, or -16.39%, in 9 days. The price is now at the 10.34% retracement level.
Daily Technical Indicators: [See AME daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
The distance between the Bollinger Bands is 123.04% higher then one year average. It indicates the period of high 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.