The Greedy Trader Weekly Analysis
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Applied Materials (AMAT)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceBroken trend resistance line
Daily :
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It was a first positive week for the Applied Materials (AMAT). During the week, the AMAT gained 0.57 points, or 1.03%, and closed at 56.03 on Friday, November 8, 2019. Weekly volume was -68% below average.

Long-term trend: [See AMAT long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 28.79 and reached 57.29 on October 28, 2019. AMAT gained -28.50 points, or -98.99%, in 43 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 50.75 and resistance is at 60.08. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See AMAT medium-term trend chart]
A medium-term uptrend had started on May 29, 2019 at 38.40 and reached 57.29 on October 28, 2019. AMAT gained -18.89 points, or -49.19%, in 21 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (51.67) 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 medium-term trend.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 28, 2018. This is an indication that the medium-term trend is up. 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 October 3, 2019 at 48.78 and reached 57.29 on October 28, 2019. AMAT gained -8.51 points, or -17.45%, in 25 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 51.49 and resistance is at 59.22. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

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

The daily MACD line is above its signal line since October 23, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.93
Williams' Percentage Range (W%R) 22.50
Lane's Stochastic (%D-Slow) 68.27
Greed/Fear Indicator (GFI) 69.55
Moving Average Converg./Diverg. (MACD) 1.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.77
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 84.16
Overbought
Greed/Fear Indicator (GFI) 77.90
Moving Average Converg./Diverg. (MACD) 2.60 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 60.08
Weekly Trendline Resistance 59.22
Upper Bollinger Band 58.10
Weekly Stochastic Crossing 56.11
Price 56.03
Daily Stochastic Crossing 55.49
Parabolic System 54.30
20 Day Moving Average 54.15
Monthly Trendline Resistance 52.80
50 Day Moving Average 52.01
Monthly Trendline Support 51.67
Weekly Trendline Support 51.49
Quarterly Trendline Support 50.75
Lower Bollinger Band 50.39
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Semiconductor Equip/Matrl 142
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 53.56
Low Date 10/31/2019
High 56.49
High Date 11/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 59.22
Support 51.49
Low 48.78
Low Date 10/03/2019
High 57.29
High Date 10/28/2019
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 52.80
Support 51.67
Low 38.40
Low Date 05/29/2019
High 57.29
High Date 10/28/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 60.08
Support 50.75
Low 28.79
Low Date 12/26/2018
High 57.29
High Date 10/28/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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