The Greedy Trader Weekly Analysis
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Applied Materials
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtMACD bearish divergenceBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaBullish Doji Candlestick
Move cursor over the icon to see details.

It was the negative week for the Applied Materials (AMAT). During the week, the AMAT gave back -0.05 points, or -0.12%, and closed at 42.99 on Friday, April 12, 2019. Weekly volume was -52% below average.

AMAT is a member of Technology Sector. Technology 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 AMAT long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 7.80 and reached 62.40 on March 12, 2018. AMAT gained -54.60 points, or -700%, in 485 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (17.73) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See AMAT medium-term trend chart]
A medium-term downtrend had started on March 12, 2018 at 62.40 and reached 28.79 on December 26, 2018. AMAT lost 33.61 points, or 53.86%, in 41 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (25.49) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AMAT may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 28, 2018. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AMAT short-term trend chart]
A short-term uptrend had started on March 28, 2019 at 38.24 and reached 43.39 on April 5, 2019. AMAT gained -5.15 points, or -13.47%, in 8 days. The price is now at the 7.77% retracement level.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 29, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Candlestick pattern: [See AMAT candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.97
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 78.59
Greed/Fear Indicator (GFI) 81.00
Overbought
Moving Average Converg./Diverg. (MACD) 0.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.79
Williams' Percentage Range (W%R) 2.70
Strong Overbought
Lane's Stochastic (%D-Slow) 78.70
Greed/Fear Indicator (GFI) 79.43
Moving Average Converg./Diverg. (MACD) -0.80 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 44.11
Price 42.99
Daily Stochastic Crossing 42.96
Monthly Trendline Resistance 42.47
Weekly Stochastic Crossing 42.06
20 Day Moving Average 41.00
Monthly Trendline Support 40.24
50 Day Moving Average 39.93
Parabolic System 39.80
Lower Bollinger Band 38.27
Yearly Trendline Resistance 35.13
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Semiconductor Equip/Matrl 146
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 38.24
Low Date 03/28/2019
High 43.39
High Date 04/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.80
Low Date 03/08/2019
High 43.39
High Date 04/05/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 42.47
Support 40.24
Low 28.79
Low Date 12/26/2018
High 43.39
High Date 04/05/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 27.21
Support 25.49
High 62.40
High Date 03/12/2018
Low 28.79
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 35.13
Support 17.73
Low 7.80
Low Date 11/21/2008
High 62.40
High Date 03/12/2018
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.

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