The Greedy Trader Weekly Analysis
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Ametek
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceTrend resistance at 72.15
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price has fallen below the Parabolic SAR
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It was a first positive week for the Ametek (AME). During the week, the AME gained 1.85 points, or 2.63%, and closed at 72.09 on Friday, December 01, 2017. Weekly volume was -6% below average.

AME is a member of Industrial Goods Sector. Industrial Goods 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 AME long-term trend chart]
A long-term uptrend had started on February 5, 2016 at 42.82 and reached 73.06 on November 30, 2017. AME gained -30.24 points, or -70.62%, in 94 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (45.60) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 AME medium-term trend chart]
A medium-term uptrend had started on November 2, 2016 at 43.98 and reached 73.06 on November 30, 2017. AME gained -29.08 points, or -66.12%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (72.15). 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 medium-term trend.

Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range 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 AME short-term trend chart]
A short-term uptrend had started on August 29, 2017 at 61.77 and reached 73.06 on November 30, 2017. AME gained -11.29 points, or -18.28%, in 93 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 70.19 and resistance is at 72.62. 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 short-term trend.

Daily Technical Indicators: [See AME daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since November 14, 2017. This is an indication that the short-term trend is up.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.49
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 83.62
Overbought
Greed/Fear Indicator (GFI) 83.29
Overbought
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.77
Overbought
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 81.61
Overbought Bearish
Greed/Fear Indicator (GFI) 81.54
Overbought
Moving Average Converg./Diverg. (MACD) 2.84
Trading Signals
Description Value Chart
Parabolic System 73.13
Upper Bollinger Band 73.08
Daily Stochastic Crossing 72.63
Weekly Trendline Resistance 72.62
Monthly Trendline Resistance 72.15
Price 72.09
Weekly Stochastic Crossing 71.98
Weekly Trendline Support 70.19
20 Day Moving Average 69.86
50 Day Moving Average 68.32
Monthly Trendline Support 67.49
Lower Bollinger Band 67.25
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry Industrial Electrical Eqp 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.92
Low Date 11/01/2017
High 73.06
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 72.62
Support 70.19
Low 61.77
Low Date 08/29/2017
High 73.06
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 72.15
Support 67.49
Low 43.98
Low Date 11/02/2016
High 73.06
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 41.49
Support 45.60
Low 42.82
Low Date 02/05/2016
High 73.06
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 73.06
High Date 11/30/2017
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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