The Greedy Trader Weekly Analysis
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Applied Materials
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Summary:
Weekly :Relative Strength Index and Lane's Stochastic are oversoldTrend resistance at 34.21
Daily :Price is near the Fibonacci 23.6% retracement levelThe price has declined below 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 Applied Materials (AMAT). During the week, the AMAT dropped -0.99 points, or -2.81%, and closed at 34.28 on Friday, November 09, 2018. Weekly volume was -30% below 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 62.40 on March 12, 2018. AMAT gained -54.60 points, or -700%, in 485 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (34.21). 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 AMAT medium-term trend chart]
A medium-term downtrend had started on March 12, 2018 at 62.40 and reached 30.53 on October 29, 2018. AMAT lost 31.87 points, or 51.07%, in 33 weeks. The price is now at the 11.77% retracement level.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index 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 Relative Strength Index help.

The weekly MACD line is below its signal line since March 29, 2018. This is an indication that the medium-term trend is down. 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 2, 2018 at 36.02 and reached 33.75 on November 5, 2018. AMAT lost 2.27 points, or 6.30%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since October 30, 2018.

During the last week, the price has declined below 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) 53.34
Williams' Percentage Range (W%R) 28.50
Lane's Stochastic (%D-Slow) 75.80
Greed/Fear Indicator (GFI) 66.89
Moving Average Converg./Diverg. (MACD) -1.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.65
Oversold
Williams' Percentage Range (W%R) 80.00
Lane's Stochastic (%D-Slow) 15.72
Oversold
Greed/Fear Indicator (GFI) 22.93
Moving Average Converg./Diverg. (MACD) -3.65
Trading Signals
Description Value Chart
Upper Bollinger Band 36.98
50 Day Moving Average 36.65
Daily Stochastic Crossing 35.16
Price 34.28
Yearly Trendline Resistance 34.21
20 Day Moving Average 33.80
Weekly Stochastic Crossing 32.33
Parabolic System 32.13
Lower Bollinger Band 32.11
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Semiconductor Equip/Matrl 24
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.02
High Date 11/02/2018
Low 33.75
Low Date 11/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36.02
High Date 11/02/2018
Low 33.75
Low Date 11/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.53
Low Date 10/29/2018
High 36.02
High Date 11/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.40
High Date 03/12/2018
Low 30.53
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 34.21
Support 17.35
Low 7.80
Low Date 11/21/2008
High 62.40
High Date 03/12/2018
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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