APPLIED MATERIALS INC (AMAT) Stock Technical Analysis
NASDAQ:AMAT • US0382221051
Overall AMAT gets a technical rating of 10 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that AMAT is one of the better performing stocks in the market, outperforming 96% 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 114 other stocks in this industry. AMAT outperforms 84% of them.
- AMAT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month AMAT has a been trading in the 287.49 - 377.11 range, which is quite wide. It is currently trading near the high of this range.
- AMAT has an average volume of 7675810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
6 important support areas can be observed.
- Support @317.02 from a trend line in the daily time frame.
- A support zone ranging from 302.42 to 305.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @292.52 from a trend line in the weekly time frame.
- Support @201.01 from a trend line in the weekly time frame.
- Support @163.59 from a horizontal line in the weekly time frame.
- Support @156.75 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 | UP | POSITIVE | The short term trend for AMAT is up. |
| ChartMill Relative Strength | 96.09 | POSITIVE | AMAT has a high relative strength, it outperformed 96.09% 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) | 69.85 | NEUTRAL | The RSI value for AMAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.59 | POSITIVE | The MACD value suggests AMAT has a positive trend. |
| Stochastics (14,3) | 94.29 | OVERBOUGHT | The high Stochastics value suggests AMAT may be overbought. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAT suggests some volalility. |
| Average Directional Index/ADX (14) | 36.07 | POSITIVE | The high ADX value value for AMAT suggests a strong trend. |
375.38
+5.55 (+1.5%)
APPLIED MATERIALS INC / AMAT 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 APPLIED MATERIALS INC (AMAT) stock?
APPLIED MATERIALS INC (AMAT) has an RSI value of 69.8492. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for APPLIED MATERIALS INC?
The buy/sell signal for APPLIED MATERIALS INC (AMAT) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for APPLIED MATERIALS INC?
APPLIED MATERIALS INC (AMAT) has a support level at 317.02. Check the full technical report for our detailed analysis of AMAT support and resistance levels.