The Greedy Trader Weekly Analysis
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Archive
- 7/6/2018
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Applied Materials
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Summary:
Weekly :Broken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaBullish Three Inside Up Candlestick
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It was the negative week for the Applied Materials (AMAT). During the week, the AMAT gave back -0.06 points, or -0.13%, and closed at 46.13 on Friday, July 06, 2018. Weekly volume was -25% below average.

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 (17.02) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 uptrend had started on August 24, 2015 at 14.25 and reached 62.40 on March 12, 2018. AMAT gained -48.15 points, or -337.89%, in 133 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (50.15) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AMAT may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 weekly MACD line is below its signal line since March 29, 2018. The distance between MACD and the signal line is near its 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 downtrend had started on June 5, 2018 at 53.23 and reached 44.57 on June 28, 2018. AMAT lost 8.66 points, or 16.27%, in 23 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See AMAT 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.

The daily MACD line is below its signal line since June 8, 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.

Candlestick pattern: [See AMAT candlestick chart pattern]
On Friday the chart has formed a Bullish Three Inside Up Candlestick pattern. The Bullish Three Inside Up pattern is another name for the Confirmed Bullish Harami pattern; it occurs in a downtrend , and it is an early signal that a bullish reversal is in play. The reliability of the Bullish Three Inside Up pattern is very high. Use the Technical Stock Screener to see the list of stocks that had a Bullish Three Inside Up Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.45
Williams' Percentage Range (W%R) 87.30
Oversold
Lane's Stochastic (%D-Slow) 26.25
Greed/Fear Indicator (GFI) 23.79
Moving Average Converg./Diverg. (MACD) -1.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.76
Williams' Percentage Range (W%R) 95.00
Strong Oversold
Lane's Stochastic (%D-Slow) 19.00
Oversold
Greed/Fear Indicator (GFI) 21.85
Moving Average Converg./Diverg. (MACD) -0.06
Trading Signals
Description Value Chart
Upper Bollinger Band 51.72
50 Day Moving Average 50.34
Quarterly Trendline Support 50.15
20 Day Moving Average 47.82
Parabolic System 47.74
Weekly Stochastic Crossing 46.20
Price 46.13
Daily Stochastic Crossing 45.25
Lower Bollinger Band 43.54
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Semiconductor Equip/Matrl 14
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 53.23
High Date 06/05/2018
Low 44.57
Low Date 06/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.94
High Date 05/14/2018
Low 44.57
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.40
High Date 03/12/2018
Low 44.57
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 64.02
Support 50.15
Low 14.25
Low Date 08/24/2015
High 62.40
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 33.43
Support 17.02
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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