Applied Materials: buyers retake control
Applied Materials nearly flat (-0.1%): buyers retake control, ADX climbs to 45
Applied Materials: buyers retake control
Our view last week
Applied Materials is in week 41 of a buy signal that has exhausted the model's coverage: all 3 statistical targets have been hit and the stop now follows the Inversion Point, in the 538.7 area. The trade is running at +217.22% from entry. On the technical side, the week closed down 3.8% with sell volume at 87%, while price stays compressed between the first resistance and the first support.
This week's summary
Applied Materials technical analysis: after a week of heavy selling (87% of volume), buyers took back control - 73% of trading on the buy side - while price stayed nearly flat, -0.1%. The weekly ADX climbs to 45, the trend gaining conviction, but the RSI has stayed overbought for weeks and the stock is now working a tight corridor between support and resistance. The trade is running above +216% since entry.
IQS Phase
65
in tension
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#21 / 129
US stocks in progress
Trade P&L %
+216.94%
from signal to today
restricted Platinum content