Rally capped by the 50-day wall
Applied Materials gains 1.2% but stalls at its 50-day average
Rally capped by the 50-day wall
Our view last week
Applied Materials reverses course from a week ago: after buyers had taken back control (73% of trading), this week the pendulum swings back with a 12.1% drop and 84% of volume on the sell side. The weekly RSI slips to 63 from 85 three weeks ago, and the MACD has been losing steam for four straight weeks. Price stays boxed between the 514 and 531 areas, with the underlying structure still bullish.
This week's summary
Applied Materials stock rises just 1.2% this week, but the rally stalls right at the 50-day moving average, in the 537 area, rejected firmly: volume still favors sellers, at 75%. The double bottom in the 517 area produced a 44% rebound, yet momentum keeps fading — down from 255 to 117 in a month, per our technical analysis. The trade, in its 44th week, still sits on a gain of more than 180%.
IQS Phase
47
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#9 / 124
US stocks in progress
Trade P&L %
+182.09%
from signal to today
Rank position
ranks 9th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
AMAT belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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