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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Applied Materials (AMAT) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the Applied Materials (AMAT). During the week, the AMAT gained 3.50 points, or 2.31%, and closed at 155.10 on Friday, May 2, 2025. AMAT was trading at average weekly trading volume.
 Long-term trend: [See AMAT long-term trend chart]
A long-term downtrend had started on July 10, 2024 at 255.89 and reached 123.70 on April 7, 2025. AMAT lost 132.19 points, or 51.66%, in 38 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See AMAT medium-term trend chart]
A medium-term downtrend had started on January 22, 2025 at 200.60 and reached 123.70 on April 7, 2025. AMAT lost 76.90 points, or 38.33%, in 10 weeks. The price is now at the 40.83% retracement level.
 Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 21, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 April 7, 2025 at 123.70 and reached 156.70 on May 2, 2025. AMAT gained -33.00 points, or -26.68%, in 25 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (146.29) 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 short-term trend.
 Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 10, 2025. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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