The Greedy Trader Weekly Analysis
Sign In Sep 30, 2022
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Downtrend Broken Resistance
Downtrend Broken 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

Amphenol Corp. (APH)

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Summary:
Weekly :Price is near the Fibonacci 61.8% retracement level
Daily :The price is below the lower Bollinger Band20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversoldRelative Strength Index, Lane's Stochastic and MACD bullish divergence
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It was the negative week for the Amphenol Corp. (APH). During the week, the APH dropped -3.90 points, or -5.36%, and closed at 68.83 on Friday, September 23, 2022. It was the worst weekly loss since June 17, 2022. Weekly volume was 9% above average.

Long-term trend: [See APH long-term trend chart]
A long-term downtrend had started on December 30, 2021 at 88.45 and reached 61.67 on June 17, 2022. APH lost 26.78 points, or 30.28%, in 24 weeks. The price is now at the 26.74% retracement level.

Medium-term trend: [See APH medium-term trend chart]
A medium-term uptrend had started on June 17, 2022 at 61.67 and reached 80.43 on August 18, 2022. APH gained -18.76 points, or -30.42%, in 8 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is above its signal line since July 22, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See APH short-term trend chart]
A short-term downtrend had started on September 12, 2022 at 76.40 and reached 67.80 on September 23, 2022. APH lost 8.60 points, or 11.26%, in 11 days. The price is now at the 11.98% retracement level.

Daily Technical Indicators: [See APH daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish 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 bullish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since August 18, 2022. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 34.72
Bullish
Williams' Percentage Range (W%R) 86.80
Oversold
Lane's Stochastic (%D-Slow) 13.37
Oversold Bullish
Greed/Fear Indicator (GFI) 20.41
Moving Average Converg./Diverg. (MACD) -0.60 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.79
Williams' Percentage Range (W%R) 59.90
Lane's Stochastic (%D-Slow) 61.83
Greed/Fear Indicator (GFI) 52.13
Moving Average Converg./Diverg. (MACD) -0.51
Trading Signals
Description Value Chart
Upper Bollinger Band 76.93
Weekly Stochastic Crossing 74.83
50 Day Moving Average 74.51
Parabolic System 73.90
20 Day Moving Average 73.37
Lower Bollinger Band 69.59
Price 68.83
Daily Stochastic Crossing 68.35
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Electronic Components 72
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 76.40
High Date 09/12/2022
Low 67.80
Low Date 09/23/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.40
High Date 09/12/2022
Low 67.80
Low Date 09/23/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.43
High Date 08/18/2022
Low 67.80
Low Date 09/23/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.67
Low Date 06/17/2022
High 80.43
High Date 08/18/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 88.45
High Date 12/30/2021
Low 61.67
Low Date 06/17/2022
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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