Weaker Buy Today AMAT ranks #1411 as BUY CANDIDATE. Stronger Buy
Today AMAT ranks #1411 as BUY CANDIDATE.

AMAT stock Applied Materials

AMAT stock
Applied Materials

April 25, 2019
Change -0.02%
Chart period: 2019-01-28 - 2019-04-25
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will AMAT stock price go up or down on Fri, 26 Apr 2019?

Applied Materials Forecast and Stock Analysis

Technical AMAT stock analysis for April 25, 2019.

Buy candidate since 2019-03-29 Gain 12.08%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.65
ROA 21.16

Applied Materials fell by -0.02% in the last day from $44.46 to $44.45 The price has risen in 7 of the last 10 days and is up by 5.41% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.59 million shares and in total 9.00 million shares bought and sold for approximately $400.03 million.

Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the AMAT stock was $44.45. This is 0.02% less than the trading day before Wednesday, 24th Apr 2019.

During day the stock fluctuated 3.27% from a day low at $44.30 to a day high of $45.75.

30 day high of the AMAT stock price was $45.75 and low was $38.24.
90 day high was $45.75 and low was $36.80.
52 week high for the Applied Materials - $56.94 and low - $28.79.

Trend

Applied Materials lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $44.62 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.76% during the next 3 months and, with 90% probability hold a price between $44.67 and $49.87 at the end of this period.

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Signals

Applied Materials holds buy signals from both short- and long-term moving averages. In addition, 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 $44.01 and $41.18. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday April 24, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $40.39 and $39.08.

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 $40.39. If this is broken, then the next support from accumulated volume will be at $39.08 and $38.93.

Support: $40.39 Price: $44.45 Resistance: $44.46

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.45 between high and low, or 3.27%. For the last week, the stock has had a daily average volatility of 2.28%.

Our recommended stoploss: $42.62 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Weaker Buy Today AMAT ranks #1411 as BUY CANDIDATE. Stronger Buy
Today AMAT ranks #1411 as BUY CANDIDATE.