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Industry Stocks Technical Analysis - AMATArchive - 4/5/2024 - Sign In to see current Signals. |
Applied Materials (AMAT) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Applied Materials (AMAT). During the week, the AMAT climbed 1.62 points, or 0.79%, and closed at 207.85 on Friday, April 5, 2024. Weekly volume was -30% below average. AMAT is a member of Information Technology Sector. Information Technology is the second 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 214.91 on March 21, 2024. AMAT gained -207.11 points, or -2655.26%, in 799 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (35.87) 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 uptrend had started on October 13, 2022 at 71.12 and reached 214.91 on March 21, 2024. AMAT gained -143.79 points, or -202.18%, in 75 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (164.69) 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 medium-term trend. Weekly Technical Indicators: [See AMAT weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. 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 March 21, 2024 at 214.91 and reached 201.67 on April 4, 2024. AMAT lost 13.24 points, or 6.16%, in 14 days. The price is now at the 46.68% retracement level. Daily Technical Indicators: [See AMAT daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 8, 2024. This is an indication that the short-term trend is down. The distance between the Bollinger Bands (6.68%) is close to one year low (6.13%). It is 52.21% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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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 |
8 |
Industry |
Semiconductor Equipment |
99 |
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Daily Trend |
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
High |
214.91 |
High Date |
03/21/2024 |
Low |
201.67 |
Low Date |
04/04/2024 |
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Weekly 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 |
197.00 |
Low Date |
03/15/2024 |
High |
214.91 |
High Date |
03/21/2024 |
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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 |
129.21 |
Low Date |
10/31/2023 |
High |
214.91 |
High Date |
03/21/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Channel |
Status |
Broken Resistance |
Resistance |
192.57 |
Support |
164.69 |
Low |
71.12 |
Low Date |
10/13/2022 |
High |
214.91 |
High Date |
03/21/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Broadening Ascending Wedge |
Status |
Broken Resistance |
Resistance |
95.18 |
Support |
35.87 |
Low |
7.80 |
Low Date |
11/21/2008 |
High |
214.91 |
High Date |
03/21/2024 |
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