The Greedy Trader Weekly Analysis
Sign In Feb 14, 2020
Skip Navigation Links
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Applied Materials (AMAT)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overbought
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 38.2% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Applied Materials (AMAT). During the week, the AMAT gained 3.72 points, or 6.41%, and closed at 61.71 on Friday, February 7, 2020. It was the best weekly gain since November 15, 2019. Weekly volume was -28% 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 downtrend had started on March 12, 2018 at 62.40 and reached 54.95 on December 3, 2019. AMAT lost 7.45 points, or 11.94%, in 90 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 59.94 and resistance is at 63.16. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See AMAT medium-term trend chart]
A medium-term uptrend had started on December 3, 2019 at 54.95 and reached 64.93 on January 24, 2020. AMAT gained -9.98 points, or -18.16%, in 7 weeks. The price is now at the 32.26% retracement level.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 31, 2020 at 57.53 and reached 64.44 on February 5, 2020. AMAT gained -6.91 points, or -12.01%, in 5 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

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

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

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.83
Williams' Percentage Range (W%R) 28.20
Lane's Stochastic (%D-Slow) 66.16
Greed/Fear Indicator (GFI) 61.58
Moving Average Converg./Diverg. (MACD) 0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.74
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 74.21
Greed/Fear Indicator (GFI) 71.92
Moving Average Converg./Diverg. (MACD) 3.87
Trading Signals
Description Value Chart
Upper Bollinger Band 64.87
Yearly Trendline Resistance 63.16
Daily Stochastic Crossing 62.73
Weekly Stochastic Crossing 62.69
20 Day Moving Average 61.77
Price 61.71
50 Day Moving Average 60.43
Yearly Trendline Support 59.94
Lower Bollinger Band 58.12
Parabolic System 57.75
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Semiconductor Equip/Matrl 93
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 64.44
High Date 02/05/2020
Low 61.64
Low Date 02/07/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.53
Low Date 01/31/2020
High 64.44
High Date 02/05/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.93
High Date 01/24/2020
Low 57.53
Low Date 01/31/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.95
Low Date 12/03/2019
High 64.93
High Date 01/24/2020
Description Value
Direction Down
Chart Pattern Rising Wedge
Status Valid
Resistance 63.16
Support 59.94
High 62.40
High Date 03/12/2018
Low 54.95
Low Date 12/03/2019
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.

Copyright© 2004-2018 All rights reserved.