Industrial Electrical Eqp Industry Technical AnalysisArchive
- 12/6/2019 -
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|It was the negative week for the Ametek (AME). During the week, the AME gave back -0.46 points, or -0.46%, and closed at 98.55 on Friday, December 6, 2019. It was the worst weekly loss since October 4, 2019. Weekly volume was -44% below 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 99.74 on November 27, 2019. AME gained -56.92 points, or -132.93%, in 198 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (99.11). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
Medium-term trend: [See AME medium-term trend chart]
A medium-term uptrend had started on August 26, 2019 at 82.66 and reached 99.74 on November 27, 2019. AME gained -17.08 points, or -20.66%, in 13 weeks. The price is now at the 6.97% retracement level.
Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 weekly MACD line is above its signal line since November 1, 2019. 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 October 2, 2019 at 85.18 and reached 99.74 on November 27, 2019. AME gained -14.56 points, or -17.09%, in 56 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See AME daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
The daily MACD line is below its signal line since November 22, 2019.
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.