Bullish vs. Bearish (3 opinions)
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AMAT Forecast and Technical Stock Analysis
Buy candidate since 2019-12-06 PDF
Applied Materials gained 1.36% in the last trading day ( Friday, 6th Dec 2019 ), rising from $55.84 to $56.60 During the day the stock fluctuated 1.79% from a day low at $56.48 to a day high of $57.49. The price has fallen in 6 of the last 10 days , but is still up by 0.28% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.92 million more shares were traded than the day before. In total, 5.85 million shares bought and sold for approximately $330.94 million.
- 30 day high of the AMAT stock price was $63.07 and low was $54.91.
- 90 day high was $63.07 and low was $48.78.
- 52 week high for Applied Materials - $63.07 and low - $28.79.
Applied Materials 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. A break down the bottom trend line at $55.06 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.72% during the next 3 months and, with 90% probability hold a price between $64.26 and $74.99 at the end of this period.
Only positive signals in the chart today. Applied Materials holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $56.68. On a fall, the stock will find some support from the long-term average at approximately $56.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday December 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 32 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Applied Materials finds support from accumulated volume at $56.44.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.01 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: $53.20 (-6.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
1.95 %Average volatility
Very Low Low Medium High Very High
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. We have upgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Buy Candidate candidate.
|AMAT $56.60 ($0.76 1.36%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!