Applied Materials (AMAT)
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|It was a first positive week for the Applied Materials (AMAT). During the week, the AMAT gained 2.53 points, or 5.75%, and closed at 46.51 on Friday, July 12, 2019. Weekly volume was -19% below average. |
Long-term trend: [See AMAT long-term trend chart]
A long-term downtrend had started on March 12, 2018 at 62.40 and reached 28.79 on December 26, 2018. AMAT lost 33.61 points, or 53.86%, in 41 weeks. The price is now at the 52.72% retracement level.
Medium-term trend: [See AMAT medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 28.79 and reached 47.55 on July 1, 2019. AMAT gained -18.76 points, or -65.16%, in 26 weeks. The price is now at the 5.54% retracement level.
Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly 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 weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since December 28, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See AMAT short-term trend chart]
A short-term uptrend had started on May 29, 2019 at 38.40 and reached 47.55 on July 1, 2019. AMAT gained -9.15 points, or -23.83%, in 33 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 44.12 and resistance is at 48.43. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since June 4, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.