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Downtrend Broken Resist.Archive
- 1/24/2025 -
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Applied Materials (AMAT) Technical Analysis
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| Summary:
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| | It was the negative week for the Applied Materials (AMAT). During the week, the AMAT dropped -4.70 points, or -2.45%, and closed at 186.80 on Friday, January 24, 2025. Weekly volume was 13% above average.
AMAT is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See AMAT long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 7.80 and reached 255.89 on July 10, 2024. AMAT gained -248.09 points, or -3180.64%, in 815 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (37.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See AMAT medium-term trend chart]
A medium-term downtrend had started on July 10, 2024 at 255.89 and reached 159.00 on December 20, 2024. AMAT lost 96.89 points, or 37.86%, in 23 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (156.27) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See AMAT short-term trend chart]
A short-term uptrend had started on December 20, 2024 at 159.00 and reached 200.60 on January 22, 2025. AMAT gained -41.60 points, or -26.16%, in 33 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 173.00 and resistance is at 204.29. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 24, 2024. This is an indication that the short-term trend is up.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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