The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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Applied Materials
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Summary:
Weekly :Broken trend resistance lineRelative Strength Index oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index, Lane's Stochastic and MACD bullish divergence
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It was the negative week for the Applied Materials (AMAT). During the week, the AMAT dropped -3.17 points, or -7.37%, and closed at 39.85 on Friday, September 07, 2018. Weekly volume was 27% above 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 (17.18) 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 (52.34) 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 Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index 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 Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 29, 2018. 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 August 8, 2018 at 50.39 and reached 39.63 on September 7, 2018. AMAT lost 10.76 points, or 21.35%, in 30 days. Price is near the trend low.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since August 14, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.85
Oversold Bullish
Williams' Percentage Range (W%R) 96.00
Strong Oversold
Lane's Stochastic (%D-Slow) 17.35
Oversold Bullish
Greed/Fear Indicator (GFI) 13.73
Oversold
Moving Average Converg./Diverg. (MACD) -1.30 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 16.31
Oversold
Williams' Percentage Range (W%R) 97.90
Strong Oversold
Lane's Stochastic (%D-Slow) 26.14
Greed/Fear Indicator (GFI) 21.25
Moving Average Converg./Diverg. (MACD) -1.53 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 48.66
50 Day Moving Average 45.87
20 Day Moving Average 44.05
Parabolic System 42.53
Weekly Stochastic Crossing 41.56
Monthly Trendline Support 41.12
Daily Stochastic Crossing 40.21
Price 39.85
Lower Bollinger Band 38.82
Yearly Trendline Resistance 33.82
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Semiconductor Equip/Matrl 18
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.20
High Date 08/27/2018
Low 39.63
Low Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.39
High Date 08/08/2018
Low 39.63
Low Date 09/07/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 47.87
Support 41.12
High 62.40
High Date 03/12/2018
Low 39.63
Low Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 64.90
Support 52.34
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 33.82
Support 17.18
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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