The Greedy Trader Weekly Analysis
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Applied Materials (AMAT)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtMACD bearish divergence
Daily :Stochastic signal line moved below overbought areaRelative Strength Index, Lane's Stochastic and MACD bearish divergence20 Day Moving Average has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a fourth consecutive positive week for the Applied Materials (AMAT). During the week, the AMAT gained 9.11 points, or 7.18%, and closed at 136.06 on Friday, May 26, 2023. AMAT was trading at average weekly trading volume.

AMAT is a member of Information Technology Sector. Information Technology 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 AMAT long-term trend chart]
A long-term downtrend had started on January 14, 2022 at 167.06 and reached 71.12 on October 13, 2022. AMAT lost 95.94 points, or 57.43%, in 38 weeks. The price is now at the 67.69% retracement level.

Medium-term trend: [See AMAT medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 71.12 and reached 136.69 on May 26, 2023. AMAT gained -65.57 points, or -92.20%, in 32 weeks. Price is near the trend high.

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. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 12, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 April 17, 2023 at 109.00 and reached 136.69 on May 26, 2023. AMAT gained -27.69 points, or -25.40%, in 39 days. Price is near the trend high.

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 below overbought area. Such crossover is considered a bearish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since May 1, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

The price touches the upper Bollinger Band. 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 20 Day Moving Average 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) 74.83
Bearish
Williams' Percentage Range (W%R) 23.20
Lane's Stochastic (%D-Slow) 70.74
Bearish
Greed/Fear Indicator (GFI) 74.12
Moving Average Converg./Diverg. (MACD) 2.61 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.89
Williams' Percentage Range (W%R) 15.00
Overbought
Lane's Stochastic (%D-Slow) 48.25
Greed/Fear Indicator (GFI) 63.51
Moving Average Converg./Diverg. (MACD) 3.53 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 136.08
Price 136.06
Daily Stochastic Crossing 131.90
Weekly Stochastic Crossing 124.52
20 Day Moving Average 120.37
Parabolic System 120.06
50 Day Moving Average 118.05
Lower Bollinger Band 108.45
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry Semiconductor Equipment 115
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 120.18
Low Date 05/24/2023
High 136.69
High Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.00
Low Date 04/17/2023
High 136.69
High Date 05/26/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.12
Low Date 10/13/2022
High 136.69
High Date 05/26/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 167.06
High Date 01/14/2022
Low 71.12
Low Date 10/13/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.80
Low Date 11/21/2008
High 167.06
High Date 01/14/2022
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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