APPLIED MATERIALS INC (AMAT) Stock Technical Analysis
NASDAQ:AMAT - US0382221051 - Common Stock
165.27 USD
+0.88 (+0.54%)
165.03 USD
-0.24 (-0.15%)
We assign a technical rating of 0 out of 10 to AMAT. AMAT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, AMAT is a bad performer in the overall market: 80% of all stocks are doing better.
AMAT is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 70% of 110 stocks in the same industry do better.
AMAT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
AMAT has an average volume of 7351090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AMAT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMAT is lagging the market.
Although the technical rating is bad, AMAT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 162.69, a Stop Loss order could be placed below this zone.
More info and screens
155.18
197.47
We found 2 important support areas.
- A support zone ranging from 159.83 to 162.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @156.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @185.18 from a trend line in the daily time frame.
- A resistance zone ranging from 190.04 to 191.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @195.51 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 | DOWN | NEGATIVE | The long term trend for AMAT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMAT is down. |
| ChartMill Relative Strength | 20.74 | NEGATIVE | AMAT has a low relative strength, it was outperformed by 79.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMAT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMAT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.47 | NEUTRAL | The RSI value for AMAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.86 | NEGATIVE | The MACD value suggests AMAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.43 | NEUTRAL | The Stochastics value for AMAT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.4 | POSITIVE | The high ADX value value for AMAT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
165.27
+0.88 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.54%
1 Week3.4%
2 Weeks-12.2%
1 Month-8.21%
3 Month5.44%
6 Month4.55%
12 Month-16.22%
2 Year8.19%
3 Year75.69%
5 Year168.3%
10 Year927.8%
15 Year1493.73%
Volatility
ATR(14)5.11
ATR(20)%3.05%
ATR Inc-59.67%
Range Today2.42
ADR(20)3.77
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.74
Mansfield-1.28
10 Day High167.5
10 Day Low157.94
20 Day High191.14
20 Day Low157.94
52 Week High215.7
52 Week Low123.74
CS1 End162.69
CR1 Start185.18
Volume & EV
DER(3)1.07%
DER(5)1.49%
Volume7.90M
Volume Incr-25.15%
Vol(5)6.19M
Vol(50)7.35M