Applied Materials, Inc. Stock Forecast

Stronger technical forecast for Applied Materials, Inc. stock price after Monday trading.
(Updated on May 20, 2024)

AP2.DE Signals & Forecast

The Applied Materials, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 196.55€ and 191.02€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 14.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Applied Materials, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at 192.28€ and 183.90€. There is a 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, Inc. finds support just below today's level at 192.28€. If this is broken, then the next support from accumulated volume will be at 183.90€ and 174.68€.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 6.48€ between high and low, or 3.31%. For the last week the stock has had daily average volatility of 2.95%.

Our recommended stop-loss: 194.27€ (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (AP2.DE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Applied Materials, Inc. to open at 200.24€, and during the day (based on 14 day Average True Range), to move between 197.47€ and 207.33€, which gives a possible trading interval of +/-4.93€ (+/-2.44%) up or down from last closing price. If Applied Materials, Inc. takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 192.28€, some 10.12€ (5.00%) from the current price of 202.40€, our system finds the risk reward attractive.

Is Applied Materials, Inc. stock A Buy?

Applied Materials, Inc. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.256 Strong Buy Candidate Upgraded

Predicted Opening Price for Applied Materials, Inc. of Tuesday, May 21, 2024

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