APPLIED MATERIALS INC. - 1H - Technical analysis published on 03/19/2024 (GMT)
- 100
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Neutral between 197.31 USD and 203.55 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on APPLIED MATERIALS INC.. It is difficult to advise a trading direction under these conditions. The first support is located at 197.31 USD. The first resistance is located at 203.55 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 200.61 USD. On the day, this instrument lost -0.06% and was between 197.30 USD and 201.15 USD. This implies that the price is at +1.68% from its lowest and at -0.27% from its highest.197.30
201.15
200.61
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by APPLIED MATERIALS INC.:
Technical
Technical analysis of this 1H chart of APPLIED MATERIALS INC. indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 173.85 | 187.79 | 197.31 | 200.61 | 203.55 | 212.61 |
| Change (%) | -13.34% | -6.39% | -1.64% | - | +1.47% | +5.98% |
| Change | -26.76 | -12.82 | -3.30 | - | +2.94 | +12.00 |
| Level | Major | Minor | Major | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 195.64 | 197.64 | 199.18 | 201.18 | 202.72 | 204.72 | 206.26 |
| Camarilla | 199.76 | 200.08 | 200.41 | 200.73 | 201.06 | 201.38 | 201.70 |
| Woodie | 195.42 | 197.53 | 198.96 | 201.07 | 202.50 | 204.61 | 206.04 |
| Fibonacci | 197.64 | 198.99 | 199.82 | 201.18 | 202.53 | 203.36 | 204.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.42 | 192.21 | 195.43 | 200.22 | 203.44 | 208.23 | 211.45 |
| Camarilla | 196.45 | 197.18 | 197.92 | 198.65 | 199.38 | 200.12 | 200.85 |
| Woodie | 186.64 | 191.82 | 194.65 | 199.83 | 202.66 | 207.84 | 210.67 |
| Fibonacci | 192.21 | 195.27 | 197.16 | 200.22 | 203.28 | 205.17 | 208.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.44 | 148.99 | 175.31 | 190.86 | 217.18 | 232.73 | 259.05 |
| Camarilla | 190.11 | 193.94 | 197.78 | 201.62 | 205.46 | 209.30 | 213.13 |
| Woodie | 138.82 | 151.68 | 180.69 | 193.55 | 222.56 | 235.42 | 264.43 |
| Fibonacci | 148.99 | 164.99 | 174.87 | 190.86 | 206.86 | 216.74 | 232.73 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.26 | |
| MACD (12,26,9): | -0.4400 | |
| Directional Movement: | -0.55 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 199.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 202.61 | |
| Elder Ray (13): | 0.40 | |
| Super Trend (3,10): | 203.58 | |
| Zig ZAG (10): | 200.75 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 55.05 | |
| TEMA (21): | 199.99 | |
| Williams %R (14): | -41.57 | |
| Chande Momentum Oscillator (20): | -1.08 | |
| Repulse (5,40,3): | 0.5500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.05 |
| MA7: | 201.09 | |
| MA20: | 202.89 | |
| MA50: | 182.45 | |
| MA100: | 165.96 | |
| MAexp7: | 200.00 | |
| MAexp20: | 200.17 | |
| MAexp50: | 201.50 | |
| MAexp100: | 201.19 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -1.12% | |
| Price / MA50: | +9.95% | |
| Price / MA100: | +20.88% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.29% |
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:
- RayNeo Announces Collaboration with Qualcomm and Applied Materials on AI-enabled AR Glasses
- Thinking about trading options or stock in Agios Pharmaceuticals, Moderna, Vertex Pharmaceuticals, Applied Materials, or Hut 8?
- ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Applied Materials, Inc. Investors to Inquire About Securities Class Action Investigation - AMAT
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Applied Materials, Inc. - AMAT
- Applied Materials Receives SBTi Validation of its Science-based Scope 1, 2 and 3 Emissions Reductions Targets
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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