The Greedy Trader Weekly Analysis
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Ametek (AME)

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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineMACD bearish divergenceTrend resistance at 100.27
Daily :Williams' Percentage Range is overbought20 Day Moving Average has crossed below the 50 Day Moving AverageThe price has risen above the Parabolic SARThe period of low volatility of the stock price
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It was the negative week for the Ametek (AME). During the week, the AME gave back -0.18 points, or -0.18%, and closed at 100.76 on Friday, January 10, 2020. Weekly volume was -49% below 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 resistance line (100.27). 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 long-term trend.

Medium-term trend: [See AME medium-term trend chart]
A medium-term uptrend had started on August 26, 2019 at 82.66 and reached 102.31 on January 8, 2020. AME gained -19.65 points, or -23.77%, in 19 weeks. The price is now at the 7.89% retracement level.

Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD 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 November 1, 2019. 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 October 2, 2019 at 85.18 and reached 102.31 on January 8, 2020. AME gained -17.13 points, or -20.11%, in 98 days. The chart has formed a Broadening Ascending Wedge chart pattern.

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

The daily MACD line is below its signal line since January 9, 2020. The distance between MACD and the signal line is low, but getting bigger.

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.

The distance between the Bollinger Bands is falling, and it was 3.57% on Friday. It is 53.26% lower than one year average. It indicates the period of low 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.20
Williams' Percentage Range (W%R) 15.30
Overbought
Lane's Stochastic (%D-Slow) 79.51
Greed/Fear Indicator (GFI) 75.47
Moving Average Converg./Diverg. (MACD) 1.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 90.55
Strong Overbought
Williams' Percentage Range (W%R) 3.60
Strong Overbought
Lane's Stochastic (%D-Slow) 92.62
Strong Overbought
Greed/Fear Indicator (GFI) 85.80
Overbought
Moving Average Converg./Diverg. (MACD) 3.37 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 101.87
Weekly Stochastic Crossing 101.85
Daily Stochastic Crossing 101.53
Price 100.76
Quarterly Trendline Resistance 100.27
20 Day Moving Average 100.13
Parabolic System 100.08
Lower Bollinger Band 98.28
50 Day Moving Average 98.28
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry Industrial Electrical Eqp 150
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 85.18
Low Date 10/02/2019
High 102.31
High Date 01/08/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.66
Low Date 08/26/2019
High 102.31
High Date 01/08/2020
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 Resistance
Resistance 100.27
Support 70.63
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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