APPLIED MATERIALS INC. - Daily - Technical analysis published on 10/21/2019 (GMT)
- 479
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 52.14 USD
My targets
61.61 USD (+17.04%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on APPLIED MATERIALS INC. as long as the price remains well above 52.14 USD. The buyers” bullish objective is set at 61.61 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
APPLIED MATERIALS INC. rating 52.64 USD. On the day, this instrument gained +1.86% with the lowest point at 51.99 USD and the highest point at 52.71 USD. The deviation from the price is +1.25% for the low point and -0.13% for the high point.51.99
52.71
52.64
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of APPLIED MATERIALS INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 45.75 | 49.35 | 52.14 | 52.64 | 61.61 |
| Change (%) | -13.09% | -6.25% | -0.95% | - | +17.04% |
| Change | -6.89 | -3.29 | -0.50 | - | +8.97 |
| Level | Major | Minor | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.64 | 50.34 | 51.01 | 51.71 | 52.38 | 53.08 | 53.75 |
| Camarilla | 51.30 | 51.43 | 51.55 | 51.68 | 51.81 | 51.93 | 52.06 |
| Woodie | 49.63 | 50.33 | 51.00 | 51.70 | 52.37 | 53.07 | 53.74 |
| Fibonacci | 50.34 | 50.86 | 51.19 | 51.71 | 52.23 | 52.56 | 53.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.52 | 49.78 | 50.73 | 51.99 | 52.94 | 54.20 | 55.15 |
| Camarilla | 51.07 | 51.28 | 51.48 | 51.68 | 51.88 | 52.09 | 52.29 |
| Woodie | 48.37 | 49.70 | 50.58 | 51.91 | 52.79 | 54.12 | 55.00 |
| Fibonacci | 49.78 | 50.62 | 51.15 | 51.99 | 52.83 | 53.36 | 54.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.71 | 44.44 | 47.17 | 49.89 | 52.63 | 55.35 | 58.08 |
| Camarilla | 48.40 | 48.90 | 49.40 | 49.90 | 50.40 | 50.90 | 51.40 |
| Woodie | 41.72 | 44.44 | 47.17 | 49.89 | 52.63 | 55.35 | 58.09 |
| Fibonacci | 44.44 | 46.52 | 47.81 | 49.89 | 51.98 | 53.27 | 55.35 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.88 | |
| MACD (12,26,9): | 0.6500 | |
| Directional Movement: | 6.34 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 52.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.15 | |
| Elder Ray (13): | 0.79 | |
| Super Trend (3,10): | 48.96 | |
| Zig ZAG (10): | 52.64 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 75.47 | |
| TEMA (21): | 52.09 | |
| Williams %R (14): | -13.65 | |
| Chande Momentum Oscillator (20): | 3.00 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 5.72 |
| MA7: | 52.09 | |
| MA20: | 51.05 | |
| MA50: | 49.62 | |
| MA100: | 47.26 | |
| MAexp7: | 51.93 | |
| MAexp20: | 51.23 | |
| MAexp50: | 49.86 | |
| MAexp100: | 47.64 | |
| Price / MA7: | +1.06% | |
| Price / MA20: | +3.11% | |
| Price / MA50: | +6.09% | |
| Price / MA100: | +11.38% | |
| Price / MAexp7: | +1.37% | |
| Price / MAexp20: | +2.75% | |
| Price / MAexp50: | +5.58% | |
| Price / MAexp100: | +10.50% |
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:
- Thinking about trading options or stock in Applied Materials, eBay, Kohl's, Marathon Petroleum, or Micron Technology?
- Capital Market Laboratories (CMLviz) Interviews Applied Materials CEO –there is a lot of opportunity as semis' old playbook has run out of gas
- Peak Sport Products Co. to Use Cooper Standard's Applied Materials Science Fortrex™ Technology Platform for Next Generation Footwear
- Thinking about buying stock in Aurora Cannabis, Applied Materials, Iovance Biotherapeutics, NVIDIA, or Under Armour?
- Capital Market Laboratories (CMLviz) Interviews Applied Materials CEO – ‘We've never had a demand driver like AI and Big Data'
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis APPLIED MATERIALS INC. - Daily