The Greedy Trader Weekly Analysis
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Applied Materials
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Applied Materials (AMAT). During the week, the AMAT dropped -6.00 points, or -10.36%, and closed at 51.91 on Friday, December 01, 2017. Weekly volume was 53% above average.

Long-term trend: [See AMAT long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 7.80 and reached 60.88 on November 17, 2017. AMAT gained -53.08 points, or -680.51%, in 469 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (16.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See AMAT medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 14.25 and reached 60.88 on November 17, 2017. AMAT gained -46.63 points, or -327.23%, in 116 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 47.94 and resistance is at 53.54. 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 AMAT weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since September 22, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AMAT short-term trend chart]
A short-term downtrend had started on November 17, 2017 at 60.88 and reached 50.37 on December 1, 2017. AMAT lost 10.51 points, or 17.26%, in 14 days. The chart has formed a Falling Wedge chart pattern. The downtrend support line (55.88) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since October 25, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.91
Williams' Percentage Range (W%R) 84.50
Oversold
Lane's Stochastic (%D-Slow) 21.31
Greed/Fear Indicator (GFI) 24.24
Moving Average Converg./Diverg. (MACD) 0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.89
Williams' Percentage Range (W%R) 46.90
Lane's Stochastic (%D-Slow) 81.55
Overbought
Greed/Fear Indicator (GFI) 64.05
Moving Average Converg./Diverg. (MACD) 3.68
Trading Signals
Description Value Chart
Parabolic System 59.54
Upper Bollinger Band 59.12
Weekly Stochastic Crossing 58.62
20 Day Moving Average 56.28
Weekly Trendline Resistance 55.92
Weekly Trendline Support 55.88
50 Day Moving Average 54.48
Quarterly Trendline Resistance 53.54
Lower Bollinger Band 52.10
Daily Stochastic Crossing 52.08
Price 51.91
Quarterly Trendline Support 47.94
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Semiconductor Equip/Matrl 73
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 57.63
High Date 11/28/2017
Low 50.37
Low Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 55.92
Support 55.88
High 60.88
High Date 11/17/2017
Low 50.37
Low Date 12/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.94
Low Date 08/10/2017
High 60.88
High Date 11/17/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 53.54
Support 47.94
Low 14.25
Low Date 08/24/2015
High 60.88
High Date 11/17/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 32.14
Support 16.48
Low 7.80
Low Date 11/21/2008
High 60.88
High Date 11/17/2017
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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