Taking everything into account, AMAT scores 9 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.
Besides having an excellent technical rating, AMAT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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155.18
When analyzing the support we can see 6 important areas.
- Support @255.63 from a trend line in the weekly time frame.
- Support @251.08 from a trend line in the daily time frame.
- Support @229.80 from a trend line in the daily time frame.
- A support zone ranging from 220.22 to 224.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @189.74 from a trend line in the weekly time frame.
- Support @156.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @275.16 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 | 91.58 | POSITIVE | AMAT has a high relative strength, it outperformed 91.58% 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) | 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) | 52.09 | NEUTRAL | The RSI value for AMAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.49 | NEGATIVE | The MACD value suggests AMAT has a negative trend. |
| Stochastics (14,3) | 46.73 | NEUTRAL | The Stochastics value for AMAT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.37 | NEGATIVE | The low ADX value for AMAT suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 265.02 | 255.62 | 9.40 (3.55%) | 25.00% |
| An entry @265.02. This is a Buy Stop order right above the 10 day high. | An exit @255.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.40 points, which is 3.55%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- The distance between exit and entry is rather small compared to the average daily movement of AMAT. Please evaluate whether better entry and exit points can be found.
- 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.
256.99
-2.98 (-1.15%)
APPLIED MATERIALS INC / AMAT FAQ
What is the technical rating for AMAT stock?
ChartMill assigns a technical rating of 9 / 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 52.0903. 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 255.63 and a resistance level at 275.16. Check the full technical report for our detailed analysis of AMAT support and resistance levels.