APPLIED MATERIALS INC (AMAT) Technical Analysis
NASDAQ:AMAT • US0382221051
Current stock price
AMAT Technical Rating and Analysis
Taking everything into account, AMAT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AMAT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that AMAT is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, AMAT also shows a nice and consistent pattern of rising prices.
- AMAT is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. AMAT outperforms 79% of them.
- AMAT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AMAT is performing more or less in line with the market.
- In the last month AMAT has a been trading in the 316.66 - 379.99 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- AMAT has an average volume of 7610540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AMAT Weekly and Daily overview Charts
AMAT Setup Rating and Analysis
Besides having an excellent technical rating, AMAT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 324.74, a Stop Loss order could be placed below this zone.
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AMAT Support and Resistance Analysis
208.56
When analyzing the support we can see 2 important areas.
- A support zone ranging from 323.06 to 324.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @210.67 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @366.27 from a trend line in the daily time frame.
AMAT Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AMAT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMAT is neutral. |
| ChartMill Relative Strength | 95.66 | POSITIVE | AMAT has a high relative strength, it outperformed 95.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.2 | NEUTRAL | The RSI value for AMAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.57 | NEGATIVE | The MACD value suggests AMAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.09 | NEUTRAL | The Stochastics value for AMAT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.06 | NEGATIVE | The low ADX value for AMAT suggests a weak or negative trend. |
AMAT Chart- and CandleStick Pattern Analysis
AMAT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 366.28 | 323.05 | 43.23 (11.80%) | 8.47% |
| An entry @366.28. This is a Buy Stop order right above the resistance zone. | An exit @323.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 43.23 points, which is 11.80%. | For a 1.00% total portfolio risk, you can invest 8.47% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AMAT Technicals: Chart, Performance Metrics, Trend & Indicators
348.47
-5.33 (-1.51%)
APPLIED MATERIALS INC / AMAT TA FAQ
What is the technical rating for AMAT stock?
ChartMill assigns a technical rating of 10 / 10 to AMAT.
Can you provide the trend direction for APPLIED MATERIALS INC?
The current trend direction for APPLIED MATERIALS INC (AMAT) is Bullish.
What is the RSI signal for AMAT stock?
APPLIED MATERIALS INC (AMAT) has an RSI value of 50.1988. This indicates that the stock is currently neutral.
What is the MACD signal for APPLIED MATERIALS INC (AMAT) stock?
The MACD indicator for APPLIED MATERIALS INC (AMAT) has a value of -1.57467, indicating a bearish trend.