Applied Materials Stock Forecast
Red day on Friday for Applied Materials
(Updated on Apr 19, 2024)
The Applied Materials stock price fell by -2.34% on the last day (Friday, 19th Apr 2024) from $194.32 to $189.77. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.46% from a day low at $188.19 to a day high of $194.69. The price has fallen in 6 of the last 10 days and is down by -8.7% for this period. Volume has increased on the last day by 294 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately $1.21 billion.
Given the current short-term trend, the stock is expected to rise 24.63% during the next 3 months and, with a 90% probability hold a price between $236.51 and $270.61 at the end of this 3-month period.
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AMAT Signals & Forecast
There are few to no technical positive signals at the moment. The Applied Materials stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $202.85 and $205.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -10.90%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Applied Materials stock
Applied Materials finds support from accumulated volume at $189.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $6.51 (3.46%) between high and low. For the last week, the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMAT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Applied Materials to open at $190.88, and during the day (based on 14 day Average True Range), to move between $183.47 and $196.07, which gives a possible trading interval of +/-$6.30 (+/-3.32%) up or down from last closing price. If Applied Materials takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $189.14 (0.33%) than the resistance at $198.65 (4.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Applied Materials stock A Buy?
The Applied Materials stock holds several negative signals and despite the positive trend, we believe Applied Materials will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.137 Sell Candidate Unchanged
Predicted Opening Price for Applied Materials of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$190.88 ( 0.586%) | $189.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMAT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 197.39 | 4.01 % | |
R2 | 194.90 | 2.70 % | ||
R1 | 193.37 | 1.90 % | ||
Current price: | 189.77 | |||
Support | S1 | 188.40 | -0.724 % | |
S2 | 186.86 | -1.53 % | ||
S3 | 184.38 | -2.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 210.25 | 10.79 % | |
R2 | 199.57 | 5.16 % | ||
R1 | 198.65 | 4.68 % | ||
Current price | 189.77 | |||
Support | S1 | 189.14 | -0.332% | |
S2 | 185.84 | -2.07% | ||
S3 | 174.14 | -8.24% |
AMAT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 11, 2024 | May 22, 2024 | Jun 13, 2024 | $0.400 | 0.211% |
2 | Dec 08, 2023 | Feb 21, 2024 | Mar 14, 2024 | $0.320 | 0.159% |
3 | Sep 07, 2023 | Nov 22, 2023 | Dec 14, 2023 | $0.320 | 0.198% |
4 | Jun 08, 2023 | Aug 23, 2023 | Sep 14, 2023 | $0.320 | 0.221% |
5 | Mar 10, 2023 | May 24, 2023 | Jun 15, 2023 | $0.320 | 0.228% |
FAQ
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