The Greedy Trader Weekly Analysis
Sign In Jul 10, 2020
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Ametek (AME)

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Summary:
Weekly :Overbought sector
Daily :The price has risen above the Parabolic SARThe 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 Ametek (AME). During the week, the AME gained 3.17 points, or 3.70%, and closed at 88.96 on Thursday, July 2, 2020. Weekly volume was -48% below average.

AME is a member of Industrials Sector. Industrials is the second 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 downtrend had started on January 8, 2020 at 102.31 and reached 54.82 on March 18, 2020. AME lost 47.49 points, or 46.42%, in 10 weeks. The price is now at the 71.89% retracement level.

Medium-term trend: [See AME medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 54.82 and reached 98.00 on June 8, 2020. AME gained -43.18 points, or -78.77%, in 11 weeks. The price is now at the 20.94% retracement level.

Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 15, 2020. 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 June 8, 2020 at 98.00 and reached 84.53 on June 25, 2020. AME lost 13.47 points, or 13.74%, in 17 days. The chart has formed a Descending Triangle chart pattern.

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

The daily MACD line is below its signal line since June 10, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.43
Williams' Percentage Range (W%R) 67.40
Lane's Stochastic (%D-Slow) 52.27
Greed/Fear Indicator (GFI) 46.09
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.46
Williams' Percentage Range (W%R) 27.70
Lane's Stochastic (%D-Slow) 71.58
Greed/Fear Indicator (GFI) 66.96
Moving Average Converg./Diverg. (MACD) -1.54
Trading Signals
Description Value Chart
Upper Bollinger Band 94.70
Weekly Stochastic Crossing 90.15
20 Day Moving Average 89.73
Price 88.96
Daily Stochastic Crossing 88.22
50 Day Moving Average 86.55
Parabolic System 84.45
Lower Bollinger Band 82.48
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Electrical Components & Equipment 93
Daily Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
High 98.00
High Date 06/08/2020
Low 84.53
Low Date 06/25/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.82
Low Date 03/18/2020
High 98.00
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 102.31
High Date 01/08/2020
Low 54.82
Low Date 03/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.82
Low Date 02/05/2016
High 102.31
High Date 01/08/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 102.31
High Date 01/08/2020
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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