APPLIED MATERIALS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	AMAT
ISIN:

APPLIED MATERIALS INC. - Daily - Technical analysis published on 05/16/2020 (GMT)

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Who voted?
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Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Court terme: Bullish

De fond: Slightly bearish

Technical indicators

44%

17%

39%

My opinion

Neutral between 49.98 USD and 55.34 USD

My targets

My analysis

The short-term increase on APPLIED MATERIALS INC. remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 55.34 USD. The first support is located at 49.98 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The APPLIED MATERIALS INC. rating is 52.04 USD. On the day, this instrument lost -4.39% and was between 51.17 USD and 53.47 USD. This implies that the price is at +1.70% from its lowest and at -2.67% from its highest.

51.17

53.47

52.04

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by APPLIED MATERIALS INC.:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this APPLIED MATERIALS INC. chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

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 : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	42.28	45.75	49.98	52.04	55.34	61.61	67.41
Change (%)	-18.75%	-12.09%	-3.96%	-	+6.34%	+18.39%	+29.53%
Change	-9.76	-6.29	-2.06	-	+3.30	+9.57	+15.37
Level	Minor	Major	Major	-	Major	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.19	47.92	51.18	52.91	56.17	57.90	61.16
Camarilla	53.06	53.52	53.97	54.43	54.89	55.35	55.80
Woodie	46.95	48.30	51.94	53.29	56.93	58.28	61.92
Fibonacci	47.92	49.83	51.01	52.91	54.82	56.00	57.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.05	43.64	48.72	51.31	56.39	58.98	64.06
Camarilla	51.70	52.40	53.11	53.81	54.51	55.22	55.92
Woodie	42.31	44.26	49.98	51.93	57.65	59.60	65.32
Fibonacci	43.64	46.57	48.38	51.31	54.24	56.05	58.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.56	35.57	42.63	48.64	55.69	61.70	68.76
Camarilla	46.09	47.29	48.48	49.68	50.88	52.08	53.27
Woodie	30.08	35.83	43.15	48.90	56.21	61.96	69.28
Fibonacci	35.57	40.56	43.64	48.64	53.63	56.71	61.70

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):	51.98
MACD (12,26,9):	0.8100
Directional Movement:	7.25
AROON (14):	57.15
DEMA (21):	52.19
Parabolic SAR (0,02-0,02-0,2):	48.18
Elder Ray (13):	0.55
Super Trend (3,10):	43.89
Zig ZAG (10):	52.04
VORTEX (21):	0.9000
Stochastique (14,3,5):	76.33
TEMA (21):	53.26
Williams %R (14):	-30.96
Chande Momentum Oscillator (20):	-2.30
Repulse (5,40,3):	2.5600
ROCnROLL:	1
TRIX (15,9):	0.2000
Courbe Coppock:	4.89

MA7:	52.77
MA20:	51.12
MA50:	48.78
MA100:	55.33
MAexp7:	52.34
MAexp20:	51.27
MAexp50:	51.44
MAexp100:	52.82
Price / MA7:	-1.38%
Price / MA20:	+1.80%
Price / MA50:	+6.68%
Price / MA100:	-5.95%
Price / MAexp7:	-0.57%
Price / MAexp20:	+1.50%
Price / MAexp50:	+1.17%
Price / MAexp100:	-1.48%

News

The latest news and videos published on APPLIED MATERIALS INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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