The Greedy Trader Weekly Analysis
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Quarterly Price vs. Trendline:Testing Resistance
Number of records: 5
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
Resistance Trend Line,Trend Line Resistance,Trend Line Support,Support Resistance,support and resistance,chart trend line,trend support

Ametek (AME)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range is overbought
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It was a first positive week for the Ametek (AME). During the week, the AME climbed 0.35 points, or 0.38%, and closed at 93.25 on Friday, July 31, 2020. Weekly volume was -51% below average.

AME is a member of Industrials Sector. Industrials 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 downtrend had started on January 8, 2020 at 102.31 and reached 54.82 on March 18, 2020. AME lost 47.49 points, or 46.42%, in 10 weeks. The price is now at the 80.92% retracement level.

Medium-term trend: [See AME medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 54.82 and reached 98.00 on June 8, 2020. AME gained -43.18 points, or -78.77%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 86.46 and resistance is at 94.45. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 15, 2020. This is an indication that the medium-term trend is up. 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 June 25, 2020 at 84.53 and reached 94.66 on July 29, 2020. AME gained -10.13 points, or -11.98%, in 34 days. The price is now at the 13.92% retracement level.

Daily Technical Indicators: [See AME daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since July 13, 2020. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.62
Williams' Percentage Range (W%R) 15.00
Overbought
Lane's Stochastic (%D-Slow) 63.88
Greed/Fear Indicator (GFI) 71.83
Moving Average Converg./Diverg. (MACD) 1.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.99
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 63.14
Greed/Fear Indicator (GFI) 69.86
Moving Average Converg./Diverg. (MACD) -0.32
Trading Signals
Description Value Chart
Upper Bollinger Band 96.68
Weekly Trendline Resistance 94.45
Daily Stochastic Crossing 93.52
Weekly Stochastic Crossing 93.28
Price 93.25
20 Day Moving Average 91.42
Parabolic System 91.38
50 Day Moving Average 90.63
Lower Bollinger Band 86.92
Weekly Trendline Support 86.46
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Electrical Components & Equipment 80
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.53
Low Date 06/25/2020
High 94.66
High Date 07/29/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 94.45
Support 86.46
Low 54.82
Low Date 03/18/2020
High 98.00
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 102.31
High Date 01/08/2020
Low 54.82
Low Date 03/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.82
Low Date 02/05/2016
High 102.31
High Date 01/08/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 102.31
High Date 01/08/2020
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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