The Greedy Trader Weekly Analysis
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Ametek (AME)

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Summary:
Weekly :Lane's Stochastic is oversoldTrend support at 72.18
Daily :Daily  MACD line has moved above its signal lineThe period of high volatility of the stock price
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It was a first positive week for the Ametek (AME). During the week, the AME gained 7.64 points, or 12.06%, and closed at 71.01 on Friday, March 27, 2020. Weekly volume was 36% above average.

Long-term trend: [See AME long-term trend chart]
A long-term uptrend had started on February 5, 2016 at 42.82 and reached 102.31 on January 8, 2020. AME gained -59.49 points, or -138.93%, in 204 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (72.18) 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 long-term trend.

Medium-term trend: [See AME medium-term trend chart]
A medium-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 34.09% retracement level.

Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since January 31, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 February 12, 2020 at 102.00 and reached 54.82 on March 18, 2020. AME lost 47.18 points, or 46.25%, in 35 days. The price is now at the 34.32% retracement level.

Daily Technical Indicators: [See AME 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.

The distance between the Bollinger Bands is 501.12% higher then one year average. It indicates the period of high volatility of the stock price. 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) 46.42
Williams' Percentage Range (W%R) 62.40
Lane's Stochastic (%D-Slow) 66.61
Greed/Fear Indicator (GFI) 50.19
Moving Average Converg./Diverg. (MACD) -7.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.73
Williams' Percentage Range (W%R) 70.70
Lane's Stochastic (%D-Slow) 19.15
Oversold
Greed/Fear Indicator (GFI) 29.36
Moving Average Converg./Diverg. (MACD) 0.70
Trading Signals
Description Value Chart
Upper Bollinger Band 94.76
50 Day Moving Average 88.74
20 Day Moving Average 74.54
Quarterly Trendline Support 72.18
Price 71.01
Daily Stochastic Crossing 70.54
Weekly Stochastic Crossing 65.41
Parabolic System 61.01
Lower Bollinger Band 54.83
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Consumer Finance 47
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 102.00
High Date 02/12/2020
Low 54.82
Low Date 03/18/2020
Weekly Trend
Monthly Trend
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
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.14
Low Date 12/26/2018
High 102.31
High Date 01/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 103.93
Support 72.18
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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