Applied Materials AMAT Pivots Trading Plans and Risk Controls

December 28, 2022, 11:15 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMAT

• Buy AMAT slightly over 82.38 target 96.50 stop loss @ 82.14 Details

The technical summary data tells us to buy AMAT near 82.38 with an upside target of 96.50. This data also tells us to set a stop loss @ 82.14 to protect against excessive loss in case the stock begins to move against the trade. 82.38 is the first level of support below 93.965 , and by rule, any test of support is a buy signal. In this case, support 82.38 is being tested, a buy signal would exist.

• Short AMAT slightly under 96.50, target 82.38, stop loss @ 96.78 Details

The technical summary data is suggesting a short of AMAT as it gets near 96.50 with a downside target of 82.38. We should have a stop loss in place at 96.78though. 96.50 is the first level of resistance above 93.965, and by rule, any test of resistance is a short signal. In this case, if resistance 96.50 is being tested, a short signal would exist.

Swing Trading Plans for AMAT

• Buy AMAT slightly over 96.50, target 103.10, Stop Loss @ 96.22 Details

If 96.50 begins to break higher, the technical summary data tells us to buy AMAT just slightly over 96.50, with an upside target of 103.10. The data also tells us to set a stop loss @ 96.22 in case the stock turns against the trade. 96.50 is the first level of resistance above 93.965, and by rule, any break above resistance is a buy signal. In this case, 96.50, 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 96.50, target 82.38, Stop Loss @ 96.78. Details

The technical summary data is suggesting a short of AMAT if it tests 96.50 with a downside target of 82.38. We should have a stop loss in place at 96.78 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, 96.50, 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 95.26, target 96.50, Stop Loss @ 95.04 Details

If 95.26 begins to break higher, the technical summary data tells us to buy AMAT just slightly over 95.26, with an upside target of 96.50. The data also tells us to set a stop loss @ 95.04 in case the stock turns against the trade. 95.26 is the first level of resistance above 93.965, and by rule, any break above resistance is a buy signal. In this case, 95.26, 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 95.26, target 82.38, Stop Loss @ 95.48. Details

The technical summary data is suggesting a short of AMAT if it tests 95.26 with a downside target of 82.38. We should have a stop loss in place at 95.48 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, 95.26, 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 December 28:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	69.36
P2	95.26	96.35	82.38
P3	100.66	103.10	96.50

AI Generated Signals for AMAT

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This Applied Materials (NASDAQ: AMAT) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AMAT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AMAT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AMAT too.  All of these are offered below the Summary Table.