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|It was the negative week for the Ametek (AME). During the week, the AME gave back -0.27 points, or -0.37%, and closed at 71.89 on Friday, July 06, 2018. Weekly volume was -28% below average. |
AME is a member of Industrial Goods Sector. Industrial Goods is the second most oversold 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 79.32 on March 13, 2018. AME gained -36.50 points, or -85.24%, in 109 weeks. The price is now at the 20.36% retracement level.
Medium-term trend: [See AME medium-term trend chart]
A medium-term downtrend had started on March 13, 2018 at 79.32 and reached 68.57 on May 1, 2018. AME lost 10.75 points, or 13.55%, in 7 weeks. The price is now at the 30.88% retracement level.
Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 16, 2018. This is an indication that the medium-term trend is down. 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 13, 2018 at 76.21 and reached 70.79 on July 2, 2018. AME lost 5.42 points, or 7.11%, in 19 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See AME daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 and Williams' Percentage Range help.
The daily MACD line is below its signal line since June 13, 2018. 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.
A Parabolic SAR (stop and reversal) indicator (72.24) comes close to the price (71.89). It indicates that the trend is getting weaker. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.