Learn to Evaluate (AMAT) using the Charts

November 30, 2024, 21:24 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMAT

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short AMAT slightly under 175.78, target n/a, stop loss @ 176.29 Details

The technical summary data is suggesting a short of AMAT as it gets near 175.78, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 176.29. 175.78 is the first level of resistance above 174.71, and by rule, any test of resistance is a short signal. In this case, if resistance 175.78 is being tested, so a short signal would exist.

Swing Trading Plans for AMAT

• Buy AMAT slightly over 175.78, target 206.94, Stop Loss @ 175.27 Details

If 175.78 begins to break higher, the technical summary data tells us to buy AMAT just slightly over 175.78, with an upside target of 206.94. The data also tells us to set a stop loss @ 175.27 in case the stock turns against the trade. 175.78 is the first level of resistance above 174.71, and by rule, any break above resistance is a buy signal. In this case, 175.78, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AMAT slightly near 175.78, target 164.22, Stop Loss @ 176.29. Details

The technical summary data is suggesting a short of AMAT if it tests 175.78 with a downside target of 164.22. We should have a stop loss in place at 176.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 175.78, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AMAT

• Buy AMAT slightly over 175.78, target 206.94, Stop Loss @ 175.37 Details

If 175.78 begins to break higher, the technical summary data tells us to buy AMAT just slightly over 175.78, with an upside target of 206.94. The data also tells us to set a stop loss @ 175.37 in case the stock turns against the trade. 175.78 is the first level of resistance above 174.71, and by rule, any break above resistance is a buy signal. In this case, 175.78, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AMAT slightly near 175.78, target 174.16, Stop Loss @ 176.19. Details

The technical summary data is suggesting a short of AMAT if it tests 175.78 with a downside target of 174.16. We should have a stop loss in place at 176.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 175.78, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Applied Materials Inc. (AMAT) available here: AMAT.

AMAT Ratings for November 30:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	175.78
P2	169.71	164.22	206.94
P3	174.16	175.67	239.39

AI Generated Signals for AMAT

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Applied Materials Inc. (NASDAQ: AMAT) report below can help you understand how to do this. The trading plans for AMAT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.