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|It was a fifth consecutive positive week for the Ametek (AME). During the week, the AME climbed 0.65 points, or 0.44%, and closed at 148.22 on Friday, May 26, 2023. Weekly volume was -21% 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 149.47 on May 19, 2023. AME gained -43.27 points, or -40.74%, in 48 weeks. Price is near the trend high.
Medium-term trend: [See AME medium-term trend chart]
A medium-term uptrend had started on March 15, 2023 at 131.52 and reached 149.47 on May 19, 2023. AME gained -17.95 points, or -13.65%, in 9 weeks. The price is now at the 6.96% retracement level.
Weekly Technical Indicators: [See AME 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. 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 19, 2023 at 149.47 and reached 143.73 on May 24, 2023. AME lost 5.74 points, or 3.84%, in 5 days. The price is now at the 78.22% retracement level.
Daily Technical Indicators: [See AME daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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.