Buy AMAT. SL $56. TP 460.5AMAT in the making of symmetrical triangle. RSI 5 also bouncing on trendline. price will go up to $60.5
AMAT trade ideas
Applied Materials: watching behaviour in the resistence lineAfter the little downtrend from the last days I see a possible entry possition in this stock.
But, I will wait a little bit in order to see how it will bahve in the resistence line.
What do I mean?
If the RSI and Stochastic revert it might indicate that the trend is changing and the price will increase.
Besides, the stock is trading quite below the moving average from the bollinger band (important).
It is also worth to mention that the stock have had performed quite well during 2019 showing a bullish trend (which has been shown with the orange lines).
good report this one for the long runSemi-conductor company Applied Materials makes integrated circuit chips for a wide range of electronics, including TVs, smartphones and flat panel display screens. The $61 billion heavyweight’s robust start to 2020 is a direct continuation of 2019’s stellar performance; last year’s gains of 90% have been boosted by a further 9% year-to-date.
As per expectations, AMAT’s latest earnings results delivered a strong quarter and guidance. F1Q20’s revenue of $4.16 billion indicated a quarter-over-quarter increase of 11% and beat the Street’s estimate of $4.11 billion. At $0.98, EPS came in above the high end of the company's $0.87-0.95 guidance and above the Street’s call for $0.93. Looking ahead, galvanized by a continued robust foundry/logic business and the return of some memory spending, AMAT expects to see "strong double-digit" growth in its semiconductor business this year.
Applied Materials rises on earnings and Analysts upgrades
Entry level after the open dependant on strength with support at $62.40, below this level will invalidate bullish sentiment.
Channel target $71.50 - $75.00
Buy itAMAT has effectively broken out and re-entered it's upward rising channel.
Current target is ~$100 (a 1.618 fib extension from that last downward correction April2018-Jan2019), but that could take until year end.
Elliott Wave pattern is screaming to me that this is a 5 of a 5, so watch out near that $100 target and get your sell limit orders placed beforehand.
Considering buying some calls for 6 months--a year out
AMAT Breakdown 6+tapsAMAT has now touched its supporting trend line over 6times, the support today has been cracked, leading me to believe there is now downside pressure for a breakdown. Its price is also now under all the moving averages and has had increased sell side volume over the past several days. That paired with the SPY and SMH (semiconducter index) showing bearishness on all the daily, weekly, monthly timeframes... this has room to fall.
Applied Materials breakout trade $amat Entry level $63.25 ( dependent on the open) - Target price $76.16 = Stop loss $61
We either get a doublke top rejection or a major breakout, given the market strenght and
storn senbtiment in the sector we believes that the odds are a break to the upside is imminent.
Bullish cross of 50 & 100 moving averages.
RSI and Momentum in strong uptrend.
MACD at breakout level.
Needs a day of significant volume to make sustained breakout.
$AMAT Rising Channel or Wedge?I had drawn a rising wedge pattern a few weeks back. Then it broke higher than the wedge and pulled back in. I' asking for feedback from the community as to what we have now. Is it a wedge or channel. and if it's a channel, was that break above the wedge and pullback enough to change the picture?
AMAT Correction EndsAMAT corrected down after a failure to break out and above previous 2018 all-time highs. AMAT has rebounding price action on High Frequency Traders and Smaller Funds Volume Weighted Average Price orders. It is now near the previous resistance level to attempt another breakout.
$AMAT Heading for all time highs in Applied Materials Friday trade setup if market remains bullish.
Option 1 = entry on 7&12ma's crossing over MA34.
Option 2 = Entry on break from channel.
$63.00 is the key level if we managed to get there and break through let it run,
Key Chip Stock Has Pulled Back After Monster QuarterChip stocks are the best performing major industry group so far this year, and Applied Materials has been one of the strongest in the index. The provider of semiconductor equipment has scored double beats (earnings and revenue) all four quarters of 2020. AMAT spiked to a new record high above $63 after its last report in mid-November, followed by a pullback into the mid-50s.
Buyers have returned to defend its previous consolidation zone between $55 and $56.50. Now the stock is pushing higher along with the Philadelphia Semiconductor Index and challenging another key zone: AMAT’s November 25 and 26 high of $58.42. Momentum buyers may look to add if the stock clears this level.
Finally, a fundamental note on semiconductors in general: While orders slowed for most of 2019, data from the Semiconductor Industry Association showed them turning positive again in September and October. Furthermore, economic growth estimates have ratcheted up lately – especially after last week’s non-farm payrolls report. That typically favors chips because they’re cyclical.
On top of that, 5G networking is expected to drive growth for several years into the future.
$AMAT Uptrend Still In Tact$AMAT remains firmly in an uptrend and the dip looks to be a buying opportunity.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices, as well as equipment for flexible substrates. The company serves manufacturers of semiconductor wafers and chips, liquid crystal and organic light-emitting diode displays, and other electronic devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California.
As always, use protective stops and trade with caution.
Good luck to all!
$AMAT Breaks Out, More Gains To Come$AMAT has been a strong performer year-to-date. The stock is up 89% since January 1 and we think there's further gains to be had. After posting strong Q4 earnings, $AMAT got a string of upgrades.
Cowen maintains an Outperform rating on Applied Materials (NASDAQ:AMAT) and lifts the target from $65 to $75 after Q4 beat and upside outlook.
The firm says investors are willing to pay 15x-16x multiples on peak earnings, which creates a path to $80/share.
Cowen also notes AMAT sees early signs of 3D NAND recovery.
More action: Evercore (Outperform) raises AMAT by $10 to $70, and KeyBanc (Overweight) moves from $54 to $70.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices, as well as equipment for flexible substrates. The company serves manufacturers of semiconductor wafers and chips, liquid crystal and organic light-emitting diode displays, and other electronic devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California.
As always, use protective stops and trade with caution.
Good luck to all!
$69 Target for Applied Materials. Entry level above all time high. $61.50.
Target price below Fib Expansion 1.272 $69.00.
Stop loss below breakout level $59.50.
The stock is getting overbought but has huge momentum behind it, great earnings and guidance add furl to the rally.
Don't be greedy thought and be aware big winners drop hard.
AMAT .. AMAT-er of time before we all get rich!Send your kids to school on this chart. Look how nicely its behaving on Market Symmetry.
AMAT is forming a bullish pattern after a breakout and surgeAMAT formed a high and tight pennant after the cup-with-handle breakout. The stock is in an uptrend and leading. This pennant is a bullish continuation pattern and a breakout is expected.
AMAT keep going to the previous highWill see the situation after rising up to the high point, if it will make a FB and close under the lvl, i will short it
AMAT - Materializing A BreakoutAMAT is a rather standard chart. An Ascending Triangle pattern has formed since the Christmas Eve low with only a couple of instances where the rising support line was broken. Each time the line was broken it was by a small amount & each time the line was regained shortly after. A multiple top pattern dating from late July led to the resistance line across the top of the chart. The breakout happened on October 24th. I am just waiting for the eventual pullback re-test to see if resistance has now become support.
AMAT topping again with MACD diverging downAs AMAT has been moving away from the triple top the MACD has divergence down, prices look like theya re headed to the 49 level. Picked up osme October 25th weekly options the 49 puts at 32 c.
***BUY IDEA***Hopefully it pulls back to the support line shown on the chart and buy on the way up above the 1day vwap
Short AMAT - Bearish Divergences I see both on the 1D and 4H charts a bearish divergence on the MACD-H and EFI against prices. AMAT is pretty volatile so I suspect the divergence will lead to a move on the 1D chart to the -1 to -2 ATR lines (see the dotted 2 lines). This is because the divergence is strong and this ticker often times hits -1.5 and -2 ATR lines.
DMI shows ADX at the bottom, and -DI will go up, while +DI goes down. I expect ADX to rise along with -DI going up, possibly crossing it, this will then confirm the bearish strength.
I have to monitor the flow of the trade to decide where to get out. The estimate will be at least 49.03, but I set my target to 48.47 on the -2 ATR line, which will probably become -1 ATR when the decline sets in.
The StopLoss is set a bit above the resistance line. 1.5 ATR away
I will decide if I will see if it opens higher so I short from around 52. The other option is to go for a market order before I'm too late to short.
