The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 0
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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 :Oversold sector
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtThe period of high volatility of the stock price
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.08
Williams' Percentage Range (W%R) 9.90
Strong Overbought
Lane's Stochastic (%D-Slow) 94.95
Strong Overbought
Greed/Fear Indicator (GFI) 82.05
Overbought
Moving Average Converg./Diverg. (MACD) -1.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.35
Williams' Percentage Range (W%R) 43.60
Lane's Stochastic (%D-Slow) 22.25
Greed/Fear Indicator (GFI) 42.42
Moving Average Converg./Diverg. (MACD) 0.55
Trading Signals
Description Value Chart
Upper Bollinger Band 79.12
50 Day Moving Average 75.54
Daily Stochastic Crossing 75.08
Price 74.45
20 Day Moving Average 70.71
Parabolic System 70.40
Weekly Stochastic Crossing 68.87
Lower Bollinger Band 65.72
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry Industrial Electrical Eqp 57
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.91
Low Date 10/29/2018
High 75.55
High Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.92
High Date 09/21/2018
Low 64.91
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.57
Low Date 05/01/2018
High 81.92
High Date 09/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.82
Low Date 02/05/2016
High 81.92
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 81.92
High Date 09/21/2018
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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