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Daily MACD Divergence:Bullish
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Moving Average Convergence Divergence (MACD)

Moving Average Convergence Divergence (MACD indicator) was developed by Gerald Appel, and it represents the relationship between two moving averages. MACD crossover with the signal line warns about the trend weakening. MACD dramatic rise represents an overbought/oversold condition and indicates the trend exhaustion. The MACD divergence between price and indicator is the one of the most popular buy/sell MACD signals.

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- 3/15/2024 -
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Ametek (AME) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Relative Strength Index and Lane's Stochastic bearish divergenceDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the priceBroken trend resistance line
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It was a eighth consecutive positive week for the Ametek (AME). During the week, the AME climbed 0.08 points, or 0.04%, and closed at 181.52 on Friday, March 15, 2024. Weekly volume was -19% below average.

AME is a member of Industrials Sector. Industrials 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 AME long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 106.20 and reached 182.97 on March 15, 2024. AME gained -76.77 points, or -72.29%, in 91 weeks. Price is near the trend high.

Medium-term trend: [See AME medium-term trend chart]
A medium-term uptrend had started on October 31, 2023 at 136.89 and reached 182.97 on March 15, 2024. AME gained -46.08 points, or -33.66%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (171.47) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See AME weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend 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 uptrend had started on January 5, 2024 at 159.28 and reached 182.97 on March 15, 2024. AME gained -23.69 points, or -14.87%, in 70 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (168.88) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 AME daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (180.16) comes close to the price (181.52). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.63
Bearish
Williams' Percentage Range (W%R) 25.10
Lane's Stochastic (%D-Slow) 72.16
Bearish
Greed/Fear Indicator (GFI) 69.88
Moving Average Converg./Diverg. (MACD) 3.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.33
Overbought
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 94.40
Strong Overbought
Greed/Fear Indicator (GFI) 84.18
Overbought
Moving Average Converg./Diverg. (MACD) 5.07
Trading Signals
Description Value Chart
Upper Bollinger Band 183.19
Daily Stochastic Crossing 181.91
Weekly Stochastic Crossing 181.74
Price 181.52
Parabolic System 180.16
20 Day Moving Average 179.37
Monthly Trendline Resistance 177.76
Weekly Trendline Resistance 174.16
Lower Bollinger Band 173.57
Monthly Trendline Support 171.47
50 Day Moving Average 170.72
Weekly Trendline Support 168.88
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Electrical Components & Equipment 108
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 159.99
Low Date 01/17/2024
High 182.97
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 174.16
Support 168.88
Low 159.28
Low Date 01/05/2024
High 182.97
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 177.76
Support 171.47
Low 136.89
Low Date 10/31/2023
High 182.97
High Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 106.20
Low Date 06/17/2022
High 182.97
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.30
Low Date 03/14/2000
High 182.97
High Date 03/15/2024
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.