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|It was the negative week for the Ametek (AME). During the week, the AME gave back -0.69 points, or -0.90%, and closed at 75.88 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -8% below average. |
Long-term trend: [See AME long-term trend chart]
A long-term uptrend had started on February 5, 2016 at 42.82 and reached 79.32 on March 13, 2018. AME gained -36.50 points, or -85.24%, in 109 weeks. The price is now at the 9.42% retracement level.
Medium-term trend: [See AME medium-term trend chart]
A medium-term uptrend had started on May 1, 2018 at 68.57 and reached 78.01 on July 31, 2018. AME gained -9.44 points, or -13.77%, in 13 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 July 2, 2018 at 70.79 and reached 78.01 on July 31, 2018. AME gained -7.22 points, or -10.20%, in 29 days. The price is now at the 29.50% retracement level.
Daily Technical Indicators: [See AME daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 9, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
The price is close to 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.