Applied Materials Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Applied Materials stock after losing 2.79%
(Updated on Apr 18, 2024)
The Applied Materials stock price fell by -2.79% on the last day (Thursday, 18th Apr 2024) from $199.89 to $194.32. During the last trading day the stock fluctuated 2.49% from a day low at $193.59 to a day high of $198.42. The price has been going up and down for this period, and there has been a -4.46% loss for the last 2 weeks. 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 -216 thousand shares and in total, 6 million shares were bought and sold for approximately $1.18 billion.
Given the current short-term trend, the stock is expected to rise 26.61% during the next 3 months and, with a 90% probability hold a price between $246.04 and $276.39 at the end of this 3-month period.
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AMAT Signals & Forecast
There are few to no technical positive signals at the moment. The Applied Materials stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $205.64 and $206.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -8.76%. 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 for Applied Materials stock
Applied Materials finds support from accumulated volume at $189.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.82 between high and low, or 2.49%. For the last week the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMAT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Applied Materials to open at $195.44, and during the day (based on 14 day Average True Range), to move between $188.04 and $200.60, which gives a possible trading interval of +/-$6.28 (+/-3.23%) up or down from last closing price. If Applied Materials takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $198.65 (2.23%) than the support at $189.14 (2.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Applied Materials stock A Buy?
The Applied Materials stock holds several negative signals and despite the positive trend, we believe Applied Materials will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.227 Sell Candidate Unchanged
Predicted Opening Price for Applied Materials of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $195.44 ( 0.577%) | $194.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMAT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 200.27 | 3.06 % | |
| R2 | 198.42 | 2.11 % | ||
| R1 | 197.28 | 1.53 % | ||
| Current price: | 194.32 | |||
| Support | S1 | 193.60 | -0.371 % | |
| S2 | 192.46 | -0.96 % | ||
| S3 | 190.62 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 210.25 | 8.20 % | |
| R2 | 199.57 | 2.70 % | ||
| R1 | 198.65 | 2.23 % | ||
| Current price | 194.32 | |||
| Support | S1 | 189.14 | -2.67% | |
| S2 | 185.84 | -4.36% | ||
| S3 | 174.14 | -10.38% |
AMAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | May 22, 2024 | Jun 13, 2024 | $0.400 | 0.206% |
| 2 | Dec 08, 2023 | Feb 21, 2024 | Mar 14, 2024 | $0.320 | 0.159% |
| 3 | Sep 07, 2023 | Nov 22, 2023 | Dec 14, 2023 | $0.320 | 0.198% |
| 4 | Jun 08, 2023 | Aug 23, 2023 | Sep 14, 2023 | $0.320 | 0.221% |
| 5 | Mar 10, 2023 | May 24, 2023 | Jun 15, 2023 | $0.320 | 0.228% |
FAQ
Click here for our free guide on how to buy Applied Materials Stock.
