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$145.83 (-0.45%)

Volume: 8M

Closed: Dec 03, 2021

Hollow Logo Score: 2.478

Applied Materials Stock Forecast

$145.83 (-0.45%)

Volume: 8M

Closed: Dec 03, 2021

Score Hollow Logo 2.478
Which way will AMAT go? Request
Stop-loss: $137.27 (-5.87%)
Key Stats
P/E Ratio 24.81
Beta 2.07
Trailing Dividend Rate 0.81% ($1.18)
Next Dividend Date Feb 22, 2022
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 38 and the stock is currently not being overbought or oversold

Red day on Friday for Applied Materials
(Updated on Dec 03, 2021)


Buy or Hold candidate since 2021-10-28 Gain 7.21%

The Applied Materials stock price fell by -0.45% on the last day (Friday, 3rd Dec 2021) from $146.49 to $145.83. and has now fallen 3 days in a row. During the day the stock fluctuated 5.17% from a day low at $143.33 to a day high of $150.74. The price has fallen in 6 of the last 10 days and is down by -8.13% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 8 million shares were bought and sold for approximately $1.11 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 14.26% during the next 3 months and, with a 90% probability hold a price between $158.62 and $185.10 at the end of this 3-month period.

Signals & Forecast

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 $147.81. On a fall, the stock will find some support from the long-term average at approximately $145.22. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, November 18, 2021, and so far it has fallen -8.13%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $135.93 and $132.89. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Applied Materials finds support just below today's level at $135.93. If this is broken, then the next support from accumulated volume will be at $132.89 and $128.27.

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 $7.41 between high and low, or 5.17%. For the last week, the stock has had a daily average volatility of 4.38%.

Our recommended stop-loss: $137.27 (-5.87%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Is Applied Materials stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Applied Materials stock to perform well in the short-term.

Current score: 2.478

Predicted Opening Price for Applied Materials of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$146.63 $145.83 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Dec 01, 2021 "Citigroup" gave "$160.00 - $175.00" rating for AMAT. The price target was set to $153.75+4.5%.

Volatility and Risk
Daily Average Volatility: 4.38 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.38 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $147.19
Price: $145.83
Support: $135.93

AMAT Insider Trading Show all Trades

INSIDER POWER

0.572

Last 100 transactions
Buy: 805 783 | Sell: 1 407 661 (Shares)
Date Action Amount Person Type
Dec 02, 2021 Buy 8 448 Addiego Ginetto Common Stock
Dec 02, 2021 Buy 8 448 Addiego Ginetto Common Stock
Dec 02, 2021 Buy 15 242 Addiego Ginetto Common Stock
Dec 02, 2021 Buy 11 605 Nalamasu Omkaram Common Stock
Dec 02, 2021 Buy 11 605 Nalamasu Omkaram Common Stock
Show all Insider Trades
INSIDER POWER

0.572

Last 100 transactions
Buy: 805 783 | Sell: 1 407 661 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 154.04 5.63 %
151.21 3.69 %
149.46 2.49 %
Current price: 145.83
Support 143.80 -1.39 %
142.05 -2.59 %
139.22 -4.53 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 151.67 4.00 %
150.03 2.88 %
147.19 0.93 %
Current price 145.83
Support 135.93 -6.79%
132.89 -8.87%
128.27 -12.04%

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About Applied Materials

Applied Materials Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, solar photovoltaic (PV), and related industries worldwide. It operates through four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. The Silicon Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circ... Read more

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