Signal flips after 44 weeks of gains
Applied Materials stock sheds 5.3% as the signal flips from buy to sell
Signal flips after 44 weeks of gains
Our view last week
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%.
This week's summary
After 44 weeks as a long and a gain that had topped 180%, the trade on Applied Materials stock flips: this week the stock sheds 5.3%, rejected again at the 50-day average, and the weekly MACD turns bearish. A new sell signal is born, 13th among the 138 sell signals on US stocks. The price is still well above its 200-week average, and our technical analysis still shows mixed candles: the confirmation week will decide whether the turn takes hold.
IQS Phase
76
in tension
Signal Strength
49
decline starting to make lower lows
Sizing
REDUCED
Ranking
#13 / 138
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 13th among the 138 sell signals for US stocks in our ranking, with a signal strength of 49 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
AMAT belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content