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S&P 500 Oversold StocksArchive
- 12/13/2024 -
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Applied Materials (AMAT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Applied Materials (AMAT). During the week, the AMAT dropped -3.62 points, or -2.09%, and closed at 169.40 on Friday, December 13, 2024. Weekly volume was -7% below average.
AMAT is a member of Semiconductor Equipment Industry. Semiconductor Equipment is the fourth most oversold industry. 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 (37.26) 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 166.80 on December 12, 2024. AMAT lost 89.09 points, or 34.82%, in 22 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 166.21 and resistance is at 183.63. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 weekly MACD line is below its signal line since July 19, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See AMAT short-term trend chart]
A short-term downtrend had started on December 4, 2024 at 185.70 and reached 166.80 on December 12, 2024. AMAT lost 18.90 points, or 10.18%, in 8 days. The price is now at the 13.76% retracement level.
 Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily MACD has bullish 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 bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
7 |
| Industry |
Semiconductor Equipment |
4 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
185.70 |
| High Date |
12/04/2024 |
| Low |
166.80 |
| Low Date |
12/12/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
215.70 |
| High Date |
10/15/2024 |
| Low |
166.80 |
| Low Date |
12/12/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
183.63 |
| Support |
166.21 |
| High |
255.89 |
| High Date |
07/10/2024 |
| Low |
166.80 |
| Low Date |
12/12/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
71.12 |
| Low Date |
10/13/2022 |
| High |
255.89 |
| High Date |
07/10/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
99.59 |
| Support |
37.26 |
| Low |
7.80 |
| Low Date |
11/21/2008 |
| High |
255.89 |
| High Date |
07/10/2024 |
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