AMETEK, Inc. (AME)
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
In the current situation of AMETEK there is just one buy setup eligible:
AMETEK stock is in an uptrend since last March that so far marked an amazing 97% gain. Price marked a local bottom in this uptrend at $94.90 in late September, and since then it bounced off a 13.55%. Price just broke out above the buy point at $103.76, but it can be traded. If price climbs beyond $108.95, you should not chase the price and wait for the next entry point. If you decide to enter this trade, the suggested stop loss is at $93.38
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$103.76||$93.38||10%|
Do you know when is it time to sell AMETEK?. Trading strategies allow us to avoid impulsive decisions based on our personal moods or the buzz that surrounds the market. When selling, as well as buying, detailed strategies are very easy to use and are only valid for selling stocks in your porfolio, not for selling short $AME stock
A golden rule is that you should never hold a trade that produces higher than expected losses upon the buy. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)
In the current situation of AMETEK there is not any eligible sell setup, so AMETEK stock holders with operations in profit can keep their positions
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last 30 days, 2 ratings were published for AMETEK. General sentiment is bullish, with 2 out of 2 posting optimistic forecasts
|Oct 13th, 2020|
|Oct 14th, 2020|
AMETEK shares started an uptrend last March, and gained a gorgeous 97.33%. During this uptrend, the price offered some entry points on the breakouts. Latest pullback was in late September, when price bounced at $94.90. On October 6, AMETEK broke out above its last top ($103.76) offering a good buy point
A favorite tool of many technical analysts are the moving averages, that easily show market momentum. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages
Investors use support and resistance levels as a way to spot price points on a chart that may behave as glass ceiling, preventing the price of shares to move in certain direction. A support level is a level where the price may stop as it falls. Price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it is likely to continue falling until meeting another support level. On the contrary, resistance levels are where the price may find a curb as it rises. Again, the price is more likely to "rebound" at this level, and if it finally breaches this level, it will rise more easily until it finds the next resistance
Price is at all-time highs and there are not upper resistance levels.
The current support levels are:
This is an indicator that was developed in the 1980s by John Bollinger. Fundamentally, the Bollinger Bands are bands that flow around a centralmoving average, varying the distance from the bottom to the top depending on market volatility. They are usually plotted by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20
The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to chart the current and previous strength or weakness of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI moves in a range between 0% and 100%. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s
The RSI dropped below the overbought level of 70 on Monday after just crossing to the overbough zone for 1 day (weak signal). The RSI reading today was 60.38. AMETEK shares fell a 1.9% since that level was lost
FQ2 financial event was hosted by AMETEK ($AME) in early August after presenting the earnings report. AMETEK surpassed consensus earnings estimates and posted an earnings a share of $0.84, that is a 16.67% improvement versus the predictions of $0.72.This compares to earnings of $1.05 per share same quarter last year, so posted EPS is a reduction of -20%.
AMETEK ($AME) will host the Q3 earnings call on Thursday next week. Market analysts analysts forecast a per-share earnings of $0.93, that is a 10.71% higher than Q2.