The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Monthly Pattern:Rising Channel
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Archive
- 2/9/2018
Sign In to see current Signals.
Ametek
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageBullish Homing Pigeon CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Ametek (AME). During the week, the AME dropped -4.95 points, or -6.41%, and closed at 72.30 on Friday, February 09, 2018. Weekly volume was 65% above average.

AME is a member of Industrial Goods Sector. Industrial Goods 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 uptrend had started on February 5, 2016 at 42.82 and reached 78.51 on February 1, 2018. AME gained -35.69 points, or -83.35%, in 103 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (45.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 AME medium-term trend chart]
A medium-term uptrend had started on November 2, 2016 at 43.98 and reached 78.51 on February 1, 2018. AME gained -34.53 points, or -78.51%, in 65 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 71.75 and resistance is at 76.37. 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 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 September 22, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 February 1, 2018 at 78.51 and reached 71.16 on February 9, 2018. AME lost 7.35 points, or 9.36%, in 8 days. The price is now at the 15.51% retracement level.

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

The daily MACD line is below its signal line since January 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

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 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See AME candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.72
Williams' Percentage Range (W%R) 78.60
Lane's Stochastic (%D-Slow) 21.02
Greed/Fear Indicator (GFI) 25.37
Moving Average Converg./Diverg. (MACD) 0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.72
Williams' Percentage Range (W%R) 42.20
Lane's Stochastic (%D-Slow) 80.80
Overbought
Greed/Fear Indicator (GFI) 64.59
Moving Average Converg./Diverg. (MACD) 3.39
Trading Signals
Description Value Chart
Upper Bollinger Band 78.31
Parabolic System 77.38
Weekly Stochastic Crossing 76.81
Monthly Trendline Resistance 76.37
20 Day Moving Average 75.86
50 Day Moving Average 73.82
Daily Stochastic Crossing 73.08
Price 72.30
Monthly Trendline Support 71.75
Lower Bollinger Band 71.59
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry Industrial Electrical Eqp 136
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 78.51
High Date 02/01/2018
Low 71.16
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.51
High Date 02/01/2018
Low 71.16
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 76.37
Support 71.75
Low 43.98
Low Date 11/02/2016
High 78.51
High Date 02/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 40.19
Support 45.89
Low 42.82
Low Date 02/05/2016
High 78.51
High Date 02/01/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 78.51
High Date 02/01/2018
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.

Copyright© 2004-2016 All rights reserved.