Taking everything into account, AMAT scores 10 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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
155.18
5 important support areas can be observed.
- A support zone ranging from 256.40 to 260.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @231.93 from a trend line in the daily time frame.
- Support @220.56 from a horizontal line in the daily time frame.
- Support @191.35 from a trend 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 | 93.76 | POSITIVE | AMAT has a high relative strength, it outperformed 93.76% 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) | 69.3 | NEUTRAL | The RSI value for AMAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.88 | POSITIVE | The MACD value suggests AMAT has a positive trend. |
| Stochastics (14,3) | 82.99 | OVERBOUGHT | The high Stochastics value suggests AMAT may be overbought. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.36 | NEUTRAL | The ADX value for AMAT suggests a possible start of a new trend. |
301.18
+19.54 (+6.94%)
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 69.295. 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 260.9. Check the full technical report for our detailed analysis of AMAT support and resistance levels.