When the Price of Applied Materials AMAT Talks, People Listen

January 16, 2023, 17:00 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMAT

• Buy AMAT slightly over 97.31 target n/a stop loss @ 97.03. Details

The technical summary data tells us to buy AMAT near 97.31, 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 97.03 to protect against excessive loss in case the stock begins to move against the trade. 97.31 is the first level of support below 109.97, and by rule, any test of support is a buy signal. In this case, if support 97.31 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 111.16, target n/a, Stop Loss @ 110.84 Details

If 111.16 begins to break higher, the technical summary data tells us to buy AMAT just slightly over 111.16, with an upside target of n/a. The data also tells us to set a stop loss @ 110.84 in case the stock turns against the trade. 111.16 is the first level of resistance above 109.97, and by rule, any break above resistance is a buy signal. In this case, 111.16, 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 111.16, target 103.71, Stop Loss @ 111.48. Details

The technical summary data is suggesting a short of AMAT if it tests 111.16 with a downside target of 103.71. We should have a stop loss in place at 111.48 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, 111.16, 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 110.27, target 111.16, Stop Loss @ 110.01 Details

If 110.27 begins to break higher, the technical summary data tells us to buy AMAT just slightly over 110.27, with an upside target of 111.16. The data also tells us to set a stop loss @ 110.01 in case the stock turns against the trade. 110.27 is the first level of resistance above 109.97, and by rule, any break above resistance is a buy signal. In this case, 110.27, 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 110.27, target 103.71, Stop Loss @ 110.53. Details

The technical summary data is suggesting a short of AMAT if it tests 110.27 with a downside target of 103.71. We should have a stop loss in place at 110.53 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, 110.27, 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 January 16:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	69.41
P2	110.27	103.71	83.10
P3	113.33	111.16	97.31

AI Generated Signals for AMAT

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Applied Materials (NASDAQ: AMAT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for AMAT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.