The Greedy Trader Weekly Analysis
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Applied Materials
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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :The price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to 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 -0.71 points, or -1.45%, and closed at 48.13 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -32% 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 uptrend resistance line (17.11) 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 62.40 on March 12, 2018. AMAT gained -48.15 points, or -337.89%, in 133 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (51.40) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since March 29, 2018. Use the following link to access a MACD help.

Short-term trend: [See AMAT short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 44.57 and reached 50.39 on August 8, 2018. AMAT gained -5.82 points, or -13.06%, in 41 days. Price is near the Fibonacci 38.2% 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 July 6, 2018. 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.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

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.

Price is close to the 50 Day Moving Average. 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) 59.51
Williams' Percentage Range (W%R) 42.00
Lane's Stochastic (%D-Slow) 74.41
Greed/Fear Indicator (GFI) 63.97
Moving Average Converg./Diverg. (MACD) 0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.85
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 32.31
Greed/Fear Indicator (GFI) 31.76
Moving Average Converg./Diverg. (MACD) -1.07
Trading Signals
Description Value Chart
Quarterly Trendline Support 51.40
Upper Bollinger Band 50.61
Daily Stochastic Crossing 49.40
Monthly Trendline Resistance 49.25
Price 48.13
50 Day Moving Average 48.10
20 Day Moving Average 47.86
Parabolic System 47.72
Weekly Stochastic Crossing 46.75
Lower Bollinger Band 45.69
Monthly Trendline Support 42.46
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Semiconductor Equip/Matrl 35
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 45.13
Low Date 07/25/2018
High 50.39
High Date 08/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.57
Low Date 06/28/2018
High 50.39
High Date 08/08/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 49.25
Support 42.46
High 62.40
High Date 03/12/2018
Low 44.57
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 64.52
Support 51.40
Low 14.25
Low Date 08/24/2015
High 62.40
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 33.65
Support 17.11
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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