The Greedy Trader Weekly Analysis
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Applied Materials (AMAT)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Applied Materials (AMAT). During the week, the AMAT gained 10.25 points, or 8.00%, and closed at 138.43 on Friday, July 23, 2021. It was the best weekly gain since April 1, 2021. Weekly volume was -21% below average.

AMAT is a member of Information Technology Sector. Information Technology is the 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 AMAT long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 28.79 and reached 146.00 on April 5, 2021. AMAT gained -117.21 points, or -407.12%, in 118 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (60.68) 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 September 21, 2020 at 54.15 and reached 146.00 on April 5, 2021. AMAT gained -91.85 points, or -169.62%, in 28 weeks. The price is now at the 8.24% retracement level.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 May 7, 2021. 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 May 12, 2021 at 114.39 and reached 142.79 on June 29, 2021. AMAT gained -28.40 points, or -24.83%, in 48 days. The chart has formed a Ascending Triangle chart pattern.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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 moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 50.44
Williams' Percentage Range (W%R) 25.60
Lane's Stochastic (%D-Slow) 68.50
Greed/Fear Indicator (GFI) 64.45
Moving Average Converg./Diverg. (MACD) -0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.76
Williams' Percentage Range (W%R) 19.90
Overbought
Lane's Stochastic (%D-Slow) 74.82
Greed/Fear Indicator (GFI) 68.64
Moving Average Converg./Diverg. (MACD) 12.03
Trading Signals
Description Value Chart
Upper Bollinger Band 142.75
Price 138.43
Weekly Stochastic Crossing 138.17
Daily Stochastic Crossing 136.40
20 Day Moving Average 136.05
50 Day Moving Average 134.80
Lower Bollinger Band 127.89
Parabolic System 125.23
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Semiconductor Equipment 88
Daily Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Low 114.39
Low Date 05/12/2021
High 142.79
High Date 06/29/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.15
Low Date 09/21/2020
High 146.00
High Date 04/05/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.64
Low Date 03/18/2020
High 146.00
High Date 04/05/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 70.75
Support 60.68
Low 28.79
Low Date 12/26/2018
High 146.00
High Date 04/05/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.80
Low Date 11/21/2008
High 146.00
High Date 04/05/2021
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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