The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 15
Symbol:  

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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
Ametek
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Summary:
Weekly :Weekly  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement level
Daily :The price is close to 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.89
Williams' Percentage Range (W%R) 33.50
Lane's Stochastic (%D-Slow) 58.22
Greed/Fear Indicator (GFI) 62.87
Moving Average Converg./Diverg. (MACD) 0.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.91
Williams' Percentage Range (W%R) 27.80
Lane's Stochastic (%D-Slow) 64.12
Greed/Fear Indicator (GFI) 62.53
Moving Average Converg./Diverg. (MACD) 0.77
Trading Signals
Description Value Chart
Upper Bollinger Band 79.05
Parabolic System 77.68
Daily Stochastic Crossing 76.89
Price 75.88
Weekly Stochastic Crossing 75.84
20 Day Moving Average 75.50
50 Day Moving Average 74.38
Lower Bollinger Band 72.28
Sector and Industry
Description Name Rank
Sector Industrial Goods 3
Industry Industrial Electrical Eqp 105
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 78.01
High Date 07/31/2018
Low 75.57
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.79
Low Date 07/02/2018
High 78.01
High Date 07/31/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.57
Low Date 05/01/2018
High 78.01
High Date 07/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.82
Low Date 02/05/2016
High 79.32
High Date 03/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 79.32
High Date 03/13/2018
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.

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