The Greedy Trader Weekly Analysis
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Applied Materials
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Summary:
Weekly :Trend resistance at 34.57
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageBearish Advance Block Candlestick
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the Applied Materials (AMAT). During the week, the AMAT gained 1.08 points, or 3.20%, and closed at 34.78 on Friday, January 11, 2019. Weekly volume was -22% below 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 price is near the trend resistance line (34.57). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See AMAT medium-term trend chart]
A medium-term downtrend had started on March 12, 2018 at 62.40 and reached 28.79 on December 26, 2018. AMAT lost 33.61 points, or 53.86%, in 41 weeks. The price is now at the 17.82% retracement level.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 28, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 December 26, 2018 at 28.79 and reached 35.31 on January 11, 2019. AMAT gained -6.52 points, or -22.65%, in 16 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 34.25 and resistance is at 36.15. 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 short-term trend.

Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and 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 daily MACD line is above its signal line since December 31, 2018. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Candlestick pattern: [See AMAT candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.51
Williams' Percentage Range (W%R) 13.60
Overbought
Lane's Stochastic (%D-Slow) 86.51
Overbought
Greed/Fear Indicator (GFI) 78.79
Moving Average Converg./Diverg. (MACD) -0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.10
Williams' Percentage Range (W%R) 63.50
Lane's Stochastic (%D-Slow) 35.37
Greed/Fear Indicator (GFI) 41.05
Moving Average Converg./Diverg. (MACD) -3.85
Trading Signals
Description Value Chart
Upper Bollinger Band 36.43
Weekly Trendline Resistance 36.15
Price 34.78
Daily Stochastic Crossing 34.74
Yearly Trendline Resistance 34.57
Weekly Trendline Support 34.25
50 Day Moving Average 33.97
Parabolic System 32.61
20 Day Moving Average 32.56
Weekly Stochastic Crossing 32.08
Lower Bollinger Band 30.27
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Semiconductor Equip/Matrl 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.67
Low Date 01/08/2019
High 35.31
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 36.15
Support 34.25
Low 28.79
Low Date 12/26/2018
High 35.31
High Date 01/11/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.64
High Date 12/03/2018
Low 28.79
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.40
High Date 03/12/2018
Low 28.79
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 34.57
Support 17.50
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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