Bullish vs. Bearish (12 opinions)
Social Sentiment -0.24
AMAT Forecast and Technical Stock Analysis
Hold candidate since 2019-09-20 PDF
Applied Materials fell by -1.39% in the last day ( Friday, 20th Sep 2019 ) from $51.68 to $50.96 and has now fallen 3 days in a row. During the day the stock fluctuated 2.26% from a day low at $50.87 to a day high of $52.02. The price has been going up and down for this period, and there has been a 1.72% gain for the last 2 weeks. Volume has increased in the last day by 4.86 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 10.80 million shares bought and sold for approximately $550.59 million.
- 30 day high of the AMAT stock price was $52.62 and low was $44.82.
- 90 day high was $52.62 and low was $41.90.
- 52 week high for Applied Materials - $52.62 and low - $28.79.
Applied Materials 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 12.13% during the next 3 months and, with 90% probability hold a price between $52.64 and $62.89 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday September 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $51.35. On a fall, the stock will find some support from the long-term average at approximately $48.30. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 66 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 $50.73.
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 $1.15 between high and low, or 2.26%. For the last week, the stock has had a daily average volatility of 2.16%.
Our recommended stop-loss: $48.91 (-4.03%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 day(s) ago.)
2.16 %Average volatility
Very Low Low Medium High Very High
Applied Materials holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|AMAT $50.96 ($-0.72 -1.39%)|
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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.
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