The Greedy Trader Weekly Analysis
Sign In Nov 9, 2018
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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 :Broken trend support lineLane's Stochastic is oversoldStochastic has raised above the signal lineTrend resistance at 34.17
Daily :Broken trend resistance lineStochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Applied Materials (AMAT). During the week, the AMAT gained 2.91 points, or 8.99%, and closed at 35.27 on Friday, November 02, 2018. AMAT was trading at average weekly trading volume.

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 (34.17). 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 uptrend had started on August 24, 2015 at 14.25 and reached 62.40 on March 12, 2018. AMAT gained -48.15 points, or -337.89%, in 133 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (54.33) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since March 29, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See AMAT short-term trend chart]
A short-term downtrend had started on August 8, 2018 at 50.39 and reached 30.53 on October 29, 2018. AMAT lost 19.86 points, or 39.41%, in 82 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (29.70) is broken. A broken support is considered to be a long-term bullish signal. 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 AMAT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.62
Williams' Percentage Range (W%R) 22.00
Lane's Stochastic (%D-Slow) 58.64
Greed/Fear Indicator (GFI) 64.75
Moving Average Converg./Diverg. (MACD) -1.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.39
Williams' Percentage Range (W%R) 74.30
Lane's Stochastic (%D-Slow) 9.58
Strong Oversold
Greed/Fear Indicator (GFI) 22.38
Moving Average Converg./Diverg. (MACD) -3.45
Trading Signals
Description Value Chart
Monthly Trendline Support 38.30
50 Day Moving Average 37.50
Upper Bollinger Band 37.17
Price 35.27
Daily Stochastic Crossing 34.41
Yearly Trendline Resistance 34.17
20 Day Moving Average 33.77
Lower Bollinger Band 31.69
Weekly Stochastic Crossing 31.52
Parabolic System 30.72
Weekly Trendline Resistance 29.85
Weekly Trendline Support 29.70
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Semiconductor Equip/Matrl 13
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.53
Low Date 10/29/2018
High 36.02
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 29.85
Support 29.70
High 50.39
High Date 08/08/2018
Low 30.53
Low Date 10/29/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 43.26
Support 38.30
High 62.40
High Date 03/12/2018
Low 30.53
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 65.70
Support 54.33
Low 14.25
Low Date 08/24/2015
High 62.40
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 34.17
Support 17.33
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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