Applied Materials AMAT Trading Report

September 22, 2022, 20:15 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This Applied Materials (NASDAQ: AMAT) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

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.

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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.

Longer Term Trading Plans for AMAT

• Buy AMAT slightly over 79.22 target 94.66 stop loss @ 78.99 Details

The technical summary data tells us to buy AMAT near 79.22 with an upside target of 94.66. This data also tells us to set a stop loss @ 78.99 to protect against excessive loss in case the stock begins to move against the trade. 79.22 is the first level of support below 85.04 , and by rule, any test of support is a buy signal. In this case, support 79.22 would be being tested, so a buy signal would exist.

• Short AMAT slightly under 94.66, target 79.22, stop loss @ 94.93 Details

The technical summary data is suggesting a short of AMAT as it gets near 94.66 with a downside target of 79.22. We should have a stop loss in place at 94.93though. 94.66 is the first level of resistance above 85.04, and by rule, any test of resistance is a short signal. In this case, if resistance 94.66 is being tested, so a short signal would exist.

Swing Trading Plans for AMAT

• Buy AMAT slightly over 88.89, target 94.66, Stop Loss @ 88.63 Details

If 88.89 begins to break higher, the technical summary data tells us to buy AMAT just slightly over 88.89, with an upside target of 94.66. The data also tells us to set a stop loss @ 88.63 in case the stock turns against the trade. 88.89 is the first level of resistance above 85.04, and by rule, any break above resistance is a buy signal. In this case, 88.89, 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 88.89, target 84.08, Stop Loss @ 89.15. Details

The technical summary data is suggesting a short of AMAT if it tests 88.89 with a downside target of 84.08. We should have a stop loss in place at 89.15 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, 88.89, 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 87.69, target 88.89, Stop Loss @ 87.49 Details

If 87.69 begins to break higher, the technical summary data tells us to buy AMAT just slightly over 87.69, with an upside target of 88.89. The data also tells us to set a stop loss @ 87.49 in case the stock turns against the trade. 87.69 is the first level of resistance above 85.04, and by rule, any break above resistance is a buy signal. In this case, 87.69, 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 87.69, target 84.95, Stop Loss @ 87.89. Details

The technical summary data is suggesting a short of AMAT if it tests 87.69 with a downside target of 84.95. We should have a stop loss in place at 87.89 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, 87.69, 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.

AMAT Ratings for September 22:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	79.22
P2	84.95	84.08	94.66
P3	87.69	88.89	111.47

Support and Resistance Plot Chart for AMAT

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