APPLIED MATERIALS INC. - 1H - Technical analysis published on 09/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 146.23 USD
My targets
143.75 USD (-0.55%)
139.97 USD (-3.16%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on APPLIED MATERIALS INC. as long as the price remains well below 146.23 USD. The sellers' bearish objective is set at 143.75 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 139.97 USD. In case of crossing, the next objective would be the support located at 137.37 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
APPLIED MATERIALS INC. rating 144.54 USD. The price registered a decrease of -0.03% on the session and was traded between 143.94 USD and 146.71 USD over the period. The price is currently at +0.42% from its lowest and -1.48% from its highest.143.94
146.71
144.54
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this APPLIED MATERIALS INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 137.37 | 139.97 | 143.75 | 144.54 | 146.23 | 149.98 | 152.30 |
| Change (%) | -4.96% | -3.16% | -0.55% | - | +1.17% | +3.76% | +5.37% |
| Change | -7.17 | -4.57 | -0.79 | - | +1.69 | +5.44 | +7.76 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 139.91 | 141.85 | 143.22 | 145.16 | 146.53 | 148.47 | 149.84 |
| Camarilla | 143.67 | 143.97 | 144.28 | 144.58 | 144.88 | 145.19 | 145.49 |
| Woodie | 139.62 | 141.71 | 142.93 | 145.02 | 146.24 | 148.33 | 149.55 |
| Fibonacci | 141.85 | 143.12 | 143.90 | 145.16 | 146.43 | 147.21 | 148.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.22 | 139.18 | 143.35 | 149.31 | 153.48 | 159.44 | 163.61 |
| Camarilla | 144.74 | 145.67 | 146.60 | 147.53 | 148.46 | 149.39 | 150.32 |
| Woodie | 132.34 | 138.73 | 142.47 | 148.86 | 152.60 | 158.99 | 162.73 |
| Fibonacci | 139.18 | 143.05 | 145.44 | 149.31 | 153.18 | 155.57 | 159.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.72 | 128.98 | 140.87 | 147.13 | 159.02 | 165.28 | 177.17 |
| Camarilla | 147.77 | 149.43 | 151.10 | 152.76 | 154.42 | 156.09 | 157.75 |
| Woodie | 125.54 | 130.39 | 143.69 | 148.54 | 161.84 | 166.69 | 179.99 |
| Fibonacci | 128.98 | 135.91 | 140.20 | 147.13 | 154.06 | 158.35 | 165.28 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.38 | |
| MACD (12,26,9): | -0.5600 | |
| Directional Movement: | -5.42 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 144.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 146.72 | |
| Elder Ray (13): | -0.60 | |
| Super Trend (3,10): | 147.72 | |
| Zig ZAG (10): | 144.67 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 35.05 | |
| TEMA (21): | 145.00 | |
| Williams %R (14): | -74.34 | |
| Chande Momentum Oscillator (20): | -0.31 | |
| Repulse (5,40,3): | -0.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 0.09 |
| MA7: | 146.97 | |
| MA20: | 147.30 | |
| MA50: | 144.58 | |
| MA100: | 136.48 | |
| MAexp7: | 145.10 | |
| MAexp20: | 145.56 | |
| MAexp50: | 146.81 | |
| MAexp100: | 147.28 | |
| Price / MA7: | -1.65% | |
| Price / MA20: | -1.87% | |
| Price / MA50: | -0.03% | |
| Price / MA100: | +5.91% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | -1.55% | |
| Price / MAexp100: | -1.86% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on APPLIED MATERIALS INC.. At the time of publication of this analysis, the latest news was as follows:
- Applied Materials EarthWorks 2023: Inspiring Action for Environmental Sustainability Around the World
- Driving a DEI Engine: Q&A With Applied Materials' Culture of Inclusion VP
- Schneider Electric Partners With Intel and Applied Materials To Help Decarbonize the Semiconductor Value Chain With New Catalyze Program
- A Deeper Look Into Applied Materials' New Vistara(TM) Platform
- ARIZONA STATE UNIVERSITY AND APPLIED MATERIALS TO CREATE 'MATERIALS-TO-FAB' CENTER
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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