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Archive - 3/15/2024 - Sign In to see current Signals. |
Ametek (AME) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a eighth consecutive positive week for the Ametek (AME). During the week, the AME climbed 0.08 points, or 0.04%, and closed at 181.52 on Friday, March 15, 2024. Weekly volume was -19% below average. AME is a member of Industrials Sector. Industrials is the 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 AME long-term trend chart] A long-term uptrend had started on June 17, 2022 at 106.20 and reached 182.97 on March 15, 2024. AME gained -76.77 points, or -72.29%, in 91 weeks. Price is near the trend high. Medium-term trend: [See AME medium-term trend chart] A medium-term uptrend had started on October 31, 2023 at 136.89 and reached 182.97 on March 15, 2024. AME gained -46.08 points, or -33.66%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (171.47) 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 AME weekly technical indicators chart] Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since December 1, 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 AME short-term trend chart] A short-term uptrend had started on January 5, 2024 at 159.28 and reached 182.97 on March 15, 2024. AME gained -23.69 points, or -14.87%, in 70 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (168.88) 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 short-term trend. Daily Technical Indicators: [See AME daily technical indicators chart] Daily technical indicators are neutral. Daily Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. A Parabolic SAR (stop and reversal) indicator (180.16) comes close to the price (181.52). It indicates that the trend is getting weaker. 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.
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