APPLIED MATERIALS INC (AMAT) Stock Technical Analysis
NASDAQ:AMAT - Nasdaq - US0382221051 - Common Stock - Currency: USD
Overall AMAT gets a technical rating of 6 out of 10. AMAT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
73% of all other stocks performed better in the past year than AMAT.
The long and short term trends are both positive. This is looking good!
In the last month AMAT has a been trading in the 153.47 - 178.32 range, which is quite wide. It is currently trading near the high of this range.
AMAT has an average volume of 7661770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AMAT is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, AMAT did better than 55% of them.
AMAT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMAT is lagging the market slightly.
AMAT has an average technical rating and also the quality of the setup is only medium 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
155.17
192.02
We found 4 important support areas.
- A support zone ranging from 171.61 to 171.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 165.86 to 166.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 161.37 to 161.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 156.74 to 157.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @172.85 from a horizontal line in the weekly time frame.
- Resistance @176.56 from a horizontal line in the daily time frame.
- Resistance @190.12 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 | 27.15 | NEGATIVE | AMAT has a low relative strength, it was outperformed by 72.85% 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) | DOWN | MIXED | The current price of AMAT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.56 | NEUTRAL | The RSI value for AMAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests AMAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.51 | OVERBOUGHT | The high Stochastics value suggests AMAT may be overbought. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.79 | NEGATIVE | The low ADX value for AMAT suggests a weak or negative 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)
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 |
|---|---|---|---|
| 172.86 | 171.60 | 1.26 (0.73%) | 25.00% |
| An entry @172.86. This is a Buy Stop order right above the resistance zone. | An exit @171.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.26 points, which is 0.73%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
172.84
-1.25 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.72%
1 Week0.03%
2 Weeks6.74%
1 Month4.29%
3 Month13.62%
6 Month5.65%
12 Month-26.58%
2 Year19.58%
3 Year89.98%
5 Year185.92%
10 Year799.27%
15 Year1337.94%
Volatility
ATR(14)4.56
ATR(20)%2.64%
ATR Inc-18.17%
Range Today3.45
ADR(20)4.05
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.15
Mansfield-0.71
10 Day High178.32
10 Day Low161.1
20 Day High178.32
20 Day Low153.47
52 Week High255.89
52 Week Low123.74
CS1 End171.63
CR1 Start172.85
Volume & EV
DER(3)1.27%
DER(5)2.05%
Volume4.95M
Volume Incr-27.04%
Vol(5)5.61M
Vol(50)7.66M