Applied Materials Stock Forecast
Green day on Monday for Applied Materials stock after gaining 1.05%
(Updated on Mar 18, 2024)
The Applied Materials stock price gained 1.05% on the last trading day (Monday, 18th Mar 2024), rising from $198.65 to $200.73. During the last trading day the stock fluctuated 1.77% from a day low at $199.63 to a day high of $203.17. The price has been going up and down for this period, and there has been a -4.18% loss for the last 2 weeks. Volume fell on the last day by -5 million shares and in total, 5 million shares were bought and sold for approximately $992.54 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $197.11 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 39.73% during the next 3 months and, with a 90% probability hold a price between $275.42 and $307.28 at the end of this 3-month period.
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AMAT Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -5.59%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Applied Materials stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $201.79. On a fall, the stock will find some support from the long-term average at approximately $191.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Applied Materials stock
Applied Materials finds support from accumulated volume at $199.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.54 between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: $190.71 (-4.99%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (AMAT) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect Applied Materials to open at $201.18, and during the day (based on 14 day Average True Range), to move between $194.93 and $206.53, which gives a possible trading interval of +/-$5.80 (+/-2.89%) up or down from last closing price. If Applied Materials takes out the full calculated possible swing range there will be an estimated 5.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $201.62 (0.44%) than the support at $199.57 (0.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Applied Materials stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.201 Buy Candidate Unchanged
Predicted Opening Price for Applied Materials of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$201.18 ( 0.223%) | $200.73 |
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 | 204.72 | 1.99 % | |
R2 | 203.36 | 1.31 % | ||
R1 | 202.53 | 0.90 % | ||
Current price: | 200.73 | |||
Support | S1 | 199.82 | -0.451 % | |
S2 | 198.99 | -0.87 % | ||
S3 | 197.64 | -1.54 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 210.25 | 4.74 % | |
R2 | 204.94 | 2.10 % | ||
R1 | 201.62 | 0.443 % | ||
Current price | 200.73 | |||
Support | S1 | 199.57 | -0.578% | |
S2 | 198.65 | -1.04% | ||
S3 | 189.14 | -5.77% |
AMAT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 11, 2024 | May 22, 2024 | Jun 13, 2024 | $0.400 | 0.199% |
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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