The Greedy Trader Weekly Analysis
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Applied Materials
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineBullish Harami CandlestickPrice is near the Fibonacci 23.6% retracement levelThe Bollinger Bands are historically far apart
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It was the negative week for the Applied Materials (AMAT). During the week, the AMAT dropped -2.60 points, or -5.13%, and closed at 48.08 on Friday, February 09, 2018. Weekly volume was 94% 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 (16.65) 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 uptrend support line (52.86) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AMAT may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since December 1, 2017. The distance between MACD and the signal line is near its high and getting bigger. 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 January 25, 2018 at 58.73 and reached 45.13 on February 9, 2018. AMAT lost 13.60 points, or 23.16%, in 15 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since January 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (30.62%) is close to one year high (23.07%). It is 166.88% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Candlestick pattern: [See AMAT candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.49
Williams' Percentage Range (W%R) 87.40
Oversold
Lane's Stochastic (%D-Slow) 16.95
Oversold
Greed/Fear Indicator (GFI) 19.34
Oversold
Moving Average Converg./Diverg. (MACD) -0.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.22
Williams' Percentage Range (W%R) 89.10
Oversold
Lane's Stochastic (%D-Slow) 49.15
Greed/Fear Indicator (GFI) 34.31
Moving Average Converg./Diverg. (MACD) 2.74
Trading Signals
Description Value Chart
Upper Bollinger Band 59.45
20 Day Moving Average 53.62
50 Day Moving Average 52.87
Quarterly Trendline Support 52.86
Weekly Stochastic Crossing 51.84
Parabolic System 49.58
Price 48.08
Daily Stochastic Crossing 47.05
Lower Bollinger Band 44.72
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Semiconductor Equip/Matrl 17
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.18
High Date 02/01/2018
Low 45.13
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.73
High Date 01/25/2018
Low 45.13
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.88
High Date 11/17/2017
Low 45.13
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 57.72
Support 52.86
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 32.55
Support 16.65
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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