The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rising Channel
Number of records: 10
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 3/15/2024 -
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Amphenol Corp. (APH) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtBroken trend resistance lineTrend support at 109.42
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Amphenol Corp. (APH). During the week, the APH dropped -1.11 points, or -1.01%, and closed at 109.30 on Friday, March 15, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was -16% below average.

APH is a member of Information Technology Sector. Information 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 APH long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 61.67 and reached 112.40 on March 4, 2024. APH gained -50.73 points, or -82.26%, in 89 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (83.05) 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 APH medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 78.68 and reached 112.40 on March 4, 2024. APH gained -33.72 points, or -42.86%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (109.42) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See APH weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. 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 above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See APH short-term trend chart]
A short-term downtrend had started on March 4, 2024 at 112.40 and reached 108.53 on March 15, 2024. APH lost 3.87 points, or 3.44%, in 11 days. The price is now at the 19.90% retracement level.

Daily Technical Indicators: [See APH daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.16
Williams' Percentage Range (W%R) 46.30
Lane's Stochastic (%D-Slow) 37.46
Greed/Fear Indicator (GFI) 48.77
Moving Average Converg./Diverg. (MACD) 2.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.74
Williams' Percentage Range (W%R) 11.40
Overbought
Lane's Stochastic (%D-Slow) 91.91
Strong Overbought
Greed/Fear Indicator (GFI) 80.50
Overbought
Moving Average Converg./Diverg. (MACD) 5.12
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 114.56
Monthly Trendline Resistance 114.50
Upper Bollinger Band 112.62
Monthly Trendline Support 111.92
Weekly Stochastic Crossing 111.10
Parabolic System 110.90
Daily Stochastic Crossing 109.79
Quarterly Trendline Support 109.42
Price 109.30
20 Day Moving Average 108.85
Lower Bollinger Band 104.32
50 Day Moving Average 103.62
Yearly Trendline Resistance 98.06
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Electronic Components 99
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 112.10
High Date 03/08/2024
Low 108.53
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 112.40
High Date 03/04/2024
Low 108.53
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 114.50
Support 111.92
Low 93.89
Low Date 01/04/2024
High 112.40
High Date 03/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 114.56
Support 109.42
Low 78.68
Low Date 10/25/2023
High 112.40
High Date 03/04/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 98.06
Support 83.05
Low 61.67
Low Date 06/17/2022
High 112.40
High Date 03/04/2024
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.