The Greedy Trader Weekly Analysis
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Ametek
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Summary:
Weekly :Lane's Stochastic is overboughtPrice is near the Fibonacci 23.6% retracement levelTrend support at 78.34
Daily :Stochastic signal line moved above oversold areaLane's Stochastic bullish divergencePrice is close to the 50 Day Moving Average
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It was the negative week for the Ametek (AME). During the week, the AME gave back -0.47 points, or -0.59%, and closed at 78.65 on Friday, October 05, 2018. Weekly volume was -26% below average.

Long-term trend: [See AME long-term trend chart]
A long-term uptrend had started on May 1, 2018 at 68.57 and reached 81.92 on September 21, 2018. AME gained -13.35 points, or -19.47%, in 20 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See AME medium-term trend chart]
A medium-term uptrend had started on July 2, 2018 at 70.79 and reached 81.92 on September 21, 2018. AME gained -11.13 points, or -15.72%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (78.34) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since August 3, 2018. 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 downtrend had started on September 21, 2018 at 81.92 and reached 78.09 on October 5, 2018. AME lost 3.83 points, or 4.68%, in 14 days. The price is now at the 14.62% retracement level.

Daily Technical Indicators: [See AME daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic has bullish 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 daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since September 24, 2018. This is an indication that the short-term trend is down.

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) 33.64
Williams' Percentage Range (W%R) 69.40
Lane's Stochastic (%D-Slow) 27.93
Bullish
Greed/Fear Indicator (GFI) 30.70
Moving Average Converg./Diverg. (MACD) 0.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.36
Williams' Percentage Range (W%R) 23.90
Lane's Stochastic (%D-Slow) 83.61
Overbought
Greed/Fear Indicator (GFI) 72.66
Moving Average Converg./Diverg. (MACD) 1.27
Trading Signals
Description Value Chart
Weekly Trendline Resistance 83.45
Upper Bollinger Band 81.10
Weekly Stochastic Crossing 80.60
20 Day Moving Average 80.07
Parabolic System 80.05
Daily Stochastic Crossing 78.70
Price 78.65
Weekly Trendline Support 78.34
50 Day Moving Average 78.05
Lower Bollinger Band 77.64
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry Industrial Electrical Eqp 150
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 81.92
High Date 09/21/2018
Low 78.09
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 83.45
Support 78.34
Low 70.79
Low Date 07/02/2018
High 81.92
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.57
Low Date 05/01/2018
High 81.92
High Date 09/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.82
Low Date 02/05/2016
High 81.92
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 81.92
High Date 09/21/2018
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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