The Greedy Trader Weekly Analysis
Sign In Jul 13, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Ametek
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Oversold sector
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.76
Williams' Percentage Range (W%R) 81.00
Oversold
Lane's Stochastic (%D-Slow) 35.53
Greed/Fear Indicator (GFI) 26.43
Moving Average Converg./Diverg. (MACD) -0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.23
Williams' Percentage Range (W%R) 69.80
Lane's Stochastic (%D-Slow) 60.26
Greed/Fear Indicator (GFI) 45.89
Moving Average Converg./Diverg. (MACD) 1.23
Trading Signals
Description Value Chart
Upper Bollinger Band 76.06
Weekly Stochastic Crossing 74.09
50 Day Moving Average 73.61
20 Day Moving Average 73.35
Parabolic System 72.24
Price 71.89
Daily Stochastic Crossing 71.82
Lower Bollinger Band 69.85
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry Industrial Electrical Eqp 66
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 76.21
High Date 06/13/2018
Low 70.79
Low Date 07/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.69
High Date 05/21/2018
Low 70.79
Low Date 07/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.32
High Date 03/13/2018
Low 68.57
Low Date 05/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.82
Low Date 02/05/2016
High 79.32
High Date 03/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 79.32
High Date 03/13/2018
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.

Copyright© 2004-2016 All rights reserved.