AMAT stock: buy or sell

AMAT stock price: $106.33 -1.52% At close on Jan 22nd, 2021

Updated on:
Jan 25th, 2021

2

AMAT stock brief

  • Applied Materials fell a -1.52% after marking new highs last Wednesday
  • The stock is configuring an uptrend pattern since September 2020, when it bottomed at $53.99. Up to date, the uptrend made a 96.94% profit since the beginning of this rally
  • Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries.

Should I buy Applied Materials stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $AMAT stock a buy?

Currently, Applied Materials stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $AMAT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Applied Materials stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Much like when we have to buy shares, determining when is the best time to sell is not a haphazard decision, and we must follow our own trading style. When selling, as well as buying, our strategies are very easy to follow and are only valid for selling stocks in your porfolio, not for shorting Applied Materials stock

A guiding principle is that you should not keep an investment that yields losses greater than those expected upon purchase. When to sell shares should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Applied Materials stock?

Currently, Applied Materials stock doesn't match any of our preferred sell setups, so if you hold Applied Materials shares and your operation is in profit probably is not time to sell now

Applied Materials ratings

In the last month, 6 brokerage ratings were published for Applied Materials. General sentiment is bullish, with 4 out of 6 posting positive forecasts

Applied Materials analysts' ratings - Last month
Brokerage firmRating
Dec 28th, 2020
Mizuho Strong buy
Dec 30th, 2020
Needham & Company LLC Strong buy
Jan 5th, 2021
DA Davidson Neutral
Royal Bank of Canada Neutral
Jan 6th, 2021
KeyCorp Buy
Jan 7th, 2021
Argus Strong buy

Applied Materials stock analysis

Applied Materials shares started an uptrend in September 2020, and grew a gorgeous 96.94%. The price action shows higher peaks and higher lows, and along the way provided some buy points for those who wanted to trade in. Latest pullback was in late December, when price bounced at $83.53. Like in all uptrends, price needs to take breath and currently price is consolidating the gains in a range between $110.88 and $83.53

$AMAT at Highs

Applied Materials did it again, and reached new all-time highs (ATH) last Wednesday at $110.88. Stock cracked new all-time highs 5 times in the last 10 sessions

SMAs overview

AMAT stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $110.88 (4.28% above)
  • The current support levels are:

  • S1: $90.61 (-14.78% below)
  • S2: $83.53 (-21.44% below)
  • S3: $69.46 (-34.68% below)
  • Bollinger bands

    Since the price surpassed the upper band last Tuesday, the price has been corrected downwards by 2.97%

    AMAT stock Bollinger Bands chart

    Relative strength index

    Climbed over the overbought line last Friday, marking a value of 71.04. Breaking through above the overbought zone is not a bearish signal, as stock price can be above the level of 70 for many weeks and may continue to rally

    AMAT stock RSI chart

    Applied Materials stock price history

    Applied Materials IPO was on Mar 17th, 1980 priced at $0.00 per share1. Since then, AMAT stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars on the IPO would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    AMAT stock price history chart

    Price target for Applied Materials stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    Along with buy or sell recommendations, financial institutions post their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental data by the company, and usually. If you are a small investor you shouldn't buy or sell based on these predictions.

    There are 6 price forecasts posted for Applied Materials that average $98.67. Applied Materials closed at $106.33 last Friday, that is a 7.76% than the predicted price.

    Applied Materials stock price predictions
    Brokerage firmPrice target
    Dec 28th, 2020
    Mizuho $82.00$96.00
    Dec 30th, 2020
    Needham & Company LLC $82.00$110.00
    Jan 5th, 2021
    DA Davidson $78.00$90.00
    Royal Bank of Canada $95.00$82.00
    Jan 6th, 2021
    KeyCorp $89.00$104.00
    Jan 7th, 2021
    Argus $90.00$110.00

    Earnings and financials

    Applied Materials, Inc. ($AMAT) posted earnings of $1.25 per share last November, slightly upping the Wall St consensus estimate of $1.17 per share. This quarterly report represents an earnings surprise of 6.84%. On the contrary, reported sales were $4.7 billion, consistent with the market forecasts.

    Same quarter last year, reported EPS was $0.80, so current EPS means an increase of 56.25%. Turnover skyrocketed a 24.88% on an annualized basis in the , from $37.5B to $46.9B last quarter.

    AMAT ($AMAT) is hosting the quarterly earnings call next Wednesday. Estimated for this quarter is $1.26, compared to $1.25 that was reported for Q4.

    Applied Materials performance

    AMAT performance compared
    Company1m3m6m
    Applied Materials ($AMAT) 22.90% 72.80% 77.20%

    Important:
    The viewpoints contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the individual circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for education motives only

    AMAT summary

    Friday, January 22nd, 2021
    Open$108.05
    Close$106.33
    Day range$106.25 - $109.75
    Previous close$107.97
    Session gain-1.52%
    Average true range$5.06
    50d mov avg$87.10
    100d mov avg$73.63
    200d mov avg$65.81
    Earnings dateFebruary 10th, 2021

    Frequently asked questions

    What is Applied Materials stock symbol?

    Applied Materials, Inc. is a public company trading in the US stock market with the AMAT symbol

    Is Applied Materials stock a buy or sell?

    Applied Materials received 6 ratings in the last 30 days: 4 bullish, 0 bearish and 2 neutral.

    Will AMAT go up?

    Applied Materials had different price forecasts issued by analysts in the last month forecasting the target price to $98.67. That is a 7.20% than the last price ($106.33).