When Applied Materials (AMAT) Moves Investors should Listen
November 20, 2022, 00:15 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMAT
- Buy AMAT slightly over 95.65 target n/a stop loss @ 95.37. Details
The technical summary data tells us to buy AMAT near 95.65, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 95.37 to protect against excessive loss in case the stock begins to move against the trade. 95.65 is the first level of support below 104.7, and by rule, any test of support is a buy signal. In this case, if support 95.65 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for AMAT
- Buy AMAT slightly over 107.29, target 115.74, Stop Loss @ 106.98 Details
If 107.29 begins to break higher, the technical summary data tells us to buy AMAT just slightly over 107.29, with an upside target of 115.74. The data also tells us to set a stop loss @ 106.98 in case the stock turns against the trade. 107.29 is the first level of resistance above 104.7, and by rule, any break above resistance is a buy signal. In this case, 107.29, 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 107.29, target 95.65, Stop Loss @ 107.6. Details
The technical summary data is suggesting a short of AMAT if it tests 107.29 with a downside target of 95.65. We should have a stop loss in place at 107.6 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, 107.29, 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 107.29, target 108.76, Stop Loss @ 107.04 Details
If 107.29 begins to break higher, the technical summary data tells us to buy AMAT just slightly over 107.29, with an upside target of 108.76. The data also tells us to set a stop loss @ 107.04 in case the stock turns against the trade. 107.29 is the first level of resistance above 104.7, and by rule, any break above resistance is a buy signal. In this case, 107.29, 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 107.29, target 103.31, Stop Loss @ 107.54. Details
The technical summary data is suggesting a short of AMAT if it tests 107.29 with a downside target of 103.31. We should have a stop loss in place at 107.54 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, 107.29, 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 (AMAT) available here: AMAT.
AMAT Ratings for November 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
69.93 |
| P2 |
103.31 |
107.29 |
82.33 |
| P3 |
108.76 |
115.74 |
95.65 |
AI Generated Signals for AMAT
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Applied Materials (NASDAQ: AMAT) report below is a real world example. Included are trading plans for AMAT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AMAT:
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