Semiconductor Equipment Industry Technical AnalysisArchive
- 9/10/2021 -
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Applied Materials (AMAT)
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|It was a first positive week for the Applied Materials (AMAT). During the week, the AMAT climbed 1.01 points, or 0.74%, and closed at 136.84 on Friday, September 10, 2021. Weekly volume was -83% 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 December 26, 2018 at 28.79 and reached 146.00 on April 5, 2021. AMAT gained -117.21 points, or -407.12%, in 118 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (62.45) 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 September 21, 2020 at 54.15 and reached 146.00 on April 5, 2021. AMAT gained -91.85 points, or -169.62%, in 28 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (145.82) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.
Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 7, 2021. 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 June 29, 2021 at 142.79 and reached 125.25 on August 20, 2021. AMAT lost 17.54 points, or 12.28%, in 52 days. The price is now at the 66.08% retracement level.
Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 daily MACD line is above its signal line since August 26, 2021. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands is falling, and it was 8.8% on Friday. It is 50.06% lower than one year average. It indicates the period of low volatility of the stock price. 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.