The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 5/29/2026 -
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Ametek (AME) Technical Analysis

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Summary:
Weekly :
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelPrice is close to the 50 Day Moving Average
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It was a first positive week for the Ametek (AME). During the week, the AME climbed 1.33 points, or 0.59%, and closed at 225.85 on Friday, May 29, 2026. Weekly volume was 7% above average.

Long-term trend: [See AME long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 106.20 and reached 243.18 on May 6, 2026. AME gained -136.98 points, or -128.98%, in 202 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 157.28 and resistance is at 239.66. 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 uptrend had started on April 7, 2025 at 145.00 and reached 243.18 on May 6, 2026. AME gained -98.18 points, or -67.71%, in 56 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 218.51 and resistance is at 268.40. 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 medium-term trend.

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

The weekly MACD line is below its signal line since March 13, 2026. 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 May 6, 2026 at 243.18 and reached 220.00 on May 19, 2026. AME lost 23.18 points, or 9.53%, in 13 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AME daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 daily MACD line is below its signal line since May 7, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

Price is close to the 50 Day Moving Average. 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) 38.56
Williams' Percentage Range (W%R) 78.40
Lane's Stochastic (%D-Slow) 50.97
Greed/Fear Indicator (GFI) 37.05
Moving Average Converg./Diverg. (MACD) -0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.19
Williams' Percentage Range (W%R) 50.70
Lane's Stochastic (%D-Slow) 63.23
Greed/Fear Indicator (GFI) 53.32
Moving Average Converg./Diverg. (MACD) 8.66
Trading Signals
Description Value Chart
Monthly Trendline Resistance 268.40
Quarterly Trendline Resistance 239.66
Upper Bollinger Band 237.24
Weekly Stochastic Crossing 231.36
20 Day Moving Average 229.26
50 Day Moving Average 226.52
Price 225.85
Daily Stochastic Crossing 225.78
Parabolic System 220.40
Lower Bollinger Band 218.57
Monthly Trendline Support 218.51
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Electrical Components & Equipment 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 243.18
High Date 05/06/2026
Low 220.00
Low Date 05/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 207.32
Low Date 03/30/2026
High 243.18
High Date 05/06/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 268.40
Support 218.51
Low 145.00
Low Date 04/07/2025
High 243.18
High Date 05/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 239.66
Support 157.28
Low 106.20
Low Date 06/17/2022
High 243.18
High Date 05/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 243.18
High Date 05/06/2026
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.