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AI Analysis of AMAT
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Applied Materials stock price up more than 6.28% on Monday
(Updated on Jul 22, 2024)

Sell candidate since Jul 17, 2024 Gain 1.54% PDF

The Applied Materials stock price gained 6.28% on the last trading day (Monday, 22nd Jul 2024), rising from $210.26 to $223.47. During the last trading day the stock fluctuated 5.03% from a day low at $213.36 to a day high of $224.09. The price has risen in 6 of the last 10 days but is still down by -9.27% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 959 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $1.66 billion.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.78% during the next 3 months and, with a 90% probability hold a price between $254.84 and $315.06 at the end of this 3-month period.

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AMAT Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, July 19, 2024, and so far it has risen 6.28%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $229.46 and $233.54. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Applied Materials stock

Applied Materials finds support from accumulated volume at $223.37 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 $10.73 between high and low, or 5.03%. For the last week, the stock has had daily average volatility of 4.37%.

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 Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Applied Materials to open at $220.31, and during the day (based on 14 day Average True Range), to move between $214.97 and $231.97, which gives a possible trading interval of +/-$8.50 (+/-3.80%) up or down from last closing price. If Applied Materials takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $223.37 (0.04%) than the resistance at $235.41 (5.34%), 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: -1.497 Sell Candidate Unchanged

Predicted Opening Price for Applied Materials of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$220.31 ( 1.42%) $223.47

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
R3 231.04 3.39%
R2 226.94 1.55%
R1 224.41 0.419%
Price 223.47
S1 216.21 -3.25%
S2 213.68 -4.38%
S3 209.58 -6.22%

Accumulated Volume Support & Resistance Levels

Level Price
R3 239.99 7.39%
R2 235.99 5.60%
R1 235.41 5.34%
Price 223.47
S1 223.37 -0.0447%
S2 220.07 -1.52%
S3 215.08 -3.75%

AMAT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 13, 2024 Aug 22, 2024 Sep 12, 2024 $0.400 0.179%
2 Mar 11, 2024 May 22, 2024 Jun 13, 2024 $0.400 0.168%
3 Dec 08, 2023 Feb 21, 2024 Mar 14, 2024 $0.320 0.159%
4 Sep 07, 2023 Nov 22, 2023 Dec 14, 2023 $0.320 0.198%
5 Jun 08, 2023 Aug 23, 2023 Sep 14, 2023 $0.320 0.221%

FAQ

What is the symbol for Applied Materials Stock and on which exchange is it traded?
The symbol for Applied Materials is AMAT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Applied Materials Stock?
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.

How to buy Applied Materials Stock?
Applied Materials Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Applied Materials Stock.

What's the current price of Applied Materials Stock?
As of the end of day on the Jul 22, 2024, the price of an Applied Materials (AMAT) share was $223.47.

What is the 52-week high and low for Applied Materials Stock?
The 52-week high for Applied Materials Stock is $255.89 and the 52-week low is $129.23.

What is the market capitalization of Applied Materials Stock?
As of the Jul 22, 2024, the market capitalization of Applied Materials is 185.028B.

When is the next earnings date for Applied Materials?
The upcoming earnings date for Applied Materials is Aug 15, 2024.
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About Applied Materials

Applied Materials Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers v... AMAT Profile

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