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Downtrend Broken Resist.Archive
- 10/2/2026 -
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Applied Materials (AMAT) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second consecutive positive week for the Applied Materials (AMAT). During the week, the AMAT gained 55.04 points, or 11.35%, and closed at 540.04 on Friday, October 2, 2026. It was the best weekly gain since June 12, 2026. Weekly volume was -20% below average.
AMAT is a member of Information Technology Sector. Information Technology is the 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 November 21, 2008 at 7.80 and reached 739.67 on June 30, 2026. AMAT gained -731.87 points, or -9382.95%, in 918 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (73.25) 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 downtrend had started on June 30, 2026 at 739.67 and reached 411.51 on September 16, 2026. AMAT lost 328.16 points, or 44.37%, in 11 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (402.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AMAT may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See AMAT weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 below its signal line since July 24, 2026. This is an indication that the medium-term trend is down. 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 September 16, 2026 at 411.51 and reached 547.25 on October 2, 2026. AMAT gained -135.74 points, or -32.99%, in 16 days. The price is now at the 5.31% retracement level.
 Daily Technical Indicators: [See AMAT daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since September 18, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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