APPLIED MATERIALS INC (AMAT) Stock Technical Analysis
USA - NASDAQ:AMAT - US0382221051 - Common Stock
Taking everything into account, AMAT scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMAT is showing a nice and steady performance.
Although AMAT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
155.18
When analyzing the support we can see 5 important areas.
- A support zone ranging from 223.22 to 226.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @178.47 from a trend line in the weekly time frame.
- Support @171.04 from a trend line in the daily time frame.
- Support @160.71 from a trend line in the daily time frame.
- Support @156.75 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 230.42 to 233.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @240.90 from a horizontal line in the daily time frame.
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 | 90.45 | POSITIVE | AMAT has a high relative strength, it outperformed 90.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AMAT is below 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) | 50.7 | NEUTRAL | The RSI value for AMAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.31 | NEGATIVE | The MACD value suggests AMAT has a negative trend. |
| Stochastics (14,3) | 37.34 | NEUTRAL | The Stochastics value for AMAT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.65 | NEUTRAL | The ADX value for AMAT suggests a possible start of a new trend. |
226.01
+2.78 (+1.25%)
APPLIED MATERIALS INC / AMAT FAQ
What is the technical rating for AMAT stock?
ChartMill assigns a technical rating of 8 / 10 to AMAT.
What is the current trend direction of APPLIED MATERIALS INC (AMAT) stock?
The current trend direction for APPLIED MATERIALS INC (AMAT) is Bullish.
Can you provide the RSI signal for APPLIED MATERIALS INC?
APPLIED MATERIALS INC (AMAT) has an RSI value of 50.6971. This indicates that the stock is currently neutral.
What is the short term momentum for APPLIED MATERIALS INC (AMAT) stock?
The short term momentum for APPLIED MATERIALS INC (AMAT) is neutral.