AMAT stock: buy or sell

AMAT stock price: $133.05 1.39% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

2

AMAT stock brief

  • Applied Materials stock inched 1.39% to close at $133.05 on the stock market on Monday.
  • The price is currently below the lower Bollinger band, which is usually an indicator of a short-term bounce that you better not try to trade
  • Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries.

Should I buy Applied Materials stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

In the current situation of Applied Materials there is not any eligible buy setup. 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?

How to know when is it time to sell Applied Materials?. As when we have to buy shares, determining when is appropiate to sell is not a whimsy decision, and we must follow our own trading strategy. We like very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies are not intended for shorting $AMAT stock

As a rule of thumb, you must never keep an operation that yields higher than expected losses by the time of the buy. The timing to sell your stock always has to be ruled 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 stock and your operation is in profit probably is not time to sell now

Applied Materials ratings

In the last 30 days, 4 brokerage ratings were published for Applied Materials. General sentiment is bullish, with 3 out of 4 posting optimistic outlooks

Applied Materials analysts' ratings - Last 30 days
Brokerage firmRating
May 24th, 2021
Morgan Stanley
May 27th, 2021
JPMorgan Chase & Co. Buy
Mizuho Strong buy
Susquehanna Buy

Applied Materials stock analysis

SMAs overview

AMAT stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $142.12 (6.82% above)
  • R2: $145.75 (9.55% above)
  • The current support levels are:

  • S1: $124.05 (-6.76% below)
  • S2: $114.19 (-14.18% below)
  • S3: $110.48 (-16.96% below)
  • Bollinger bands

    When the price moves out of the band (above the upper line or below the lower line) it shows that the price action is having a very strong momentum and therefore can reverse the trend to the average. At this point, the price is lower the upper band, which should mean a possible near-term rebound (at least) until it is back above the band

    AMAT stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without indicating moments of overvaluation and undervaluation, the indicator gets of little use, and we find ourselves in one of these situations.

    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 surged by -, with an average of 0.00% per year. An investment of thousand dollars at that time would worth $inf nowadays.

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

    AMAT stock price history chart

    Price target for Applied Materials stock

    Nobody can predict how much a share will be priced tomorrow. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.

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

    The average price target for Applied Materials stock calculated from the table below is $156.75. That is a 17.81% than the last price ($133.05).

    Applied Materials stock price predictions
    Brokerage firmPrice target
    May 24th, 2021
    Morgan Stanley $137.00$139.00
    May 27th, 2021
    JPMorgan Chase & Co. $146.00$160.00
    Mizuho $155.00$158.00
    Susquehanna $155.00$170.00

    Earnings and financials

    Applied Materials, Inc. ($AMAT) posted earnings of $1.63 per share in mid-May, slightly upping the Wall St consensus estimate of $1.51 per share. This Q2 report means an earnings surprise of 7.95%. On the contrary, reported sales were $5.6 billion, in line with analysts' forecasts.

    Same quarter one year ago, reported EPS was $0.89, so recently reported EPS is an improvement of 83.15%. Looking at sales, figures exploded a 41.07% compared to $39.6B year over year.

    AMAT ($AMAT) presents Q3 earnings report next August. Market forecasts of $1.77, compared to previous quarter that was $1.63.

    Applied Materials performance

    AMAT performance compared
    Company1m3m6m
    Applied Materials ($AMAT) 2.60% 11.20% 52.30%

    Important note:
    The opinions expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the particular circumstances of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for education purposes only

    AMAT summary

    Monday, June 21st, 2021
    Open$131.19
    Close$133.05
    Day range$130.32 - $133.58
    Previous close$131.23
    Session gain1.39%
    Average true range$3.86
    50d mov avg$132.71
    100d mov avg$124.77
    200d mov avg$99.72
    Earnings dateAugust 12th, 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 4 ratings in the last 30 days: 3 bullish, 0 bearish and 0 neutral.

    Will AMAT go up?

    Applied Materials had different price predictions posted by market analysts in the last 30 days forecasting the target price to $156.75. That is a 17.81% than the current price ($133.05).