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Downtrend Broken Resist.Archive
- 4/25/2025 -
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Ametek (AME) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a first positive week for the Ametek (AME). During the week, the AME gained 8.89 points, or 5.63%, and closed at 166.70 on Friday, April 25, 2025. AME was trading at average weekly trading volume.
 Long-term trend: [See AME long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 106.20 and reached 198.30 on November 25, 2024. AME gained -92.10 points, or -86.72%, in 127 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 157.40 and resistance is at 223.57. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See AME medium-term trend chart]
A medium-term downtrend had started on November 25, 2024 at 198.30 and reached 145.00 on April 7, 2025. AME lost 53.30 points, or 26.88%, in 19 weeks. The price is now at the 40.71% retracement level.
 Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since January 3, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend 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 downtrend had started on March 3, 2025 at 191.80 and reached 145.00 on April 7, 2025. AME lost 46.80 points, or 24.40%, in 35 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See AME daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 16, 2025.
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.
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