Applied Mat. Short Term: our next up target stands at 228.6
May 8, 2024 07:48
Applied Mat. (AMAT.US)
-2.21-1.03%
our next up target stands at 228.6.
195.9 is our pivot point.
Our preference: our next up target stands at 228.6.
Alternative scenario: below 195.9, expect 185.3 and 179.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 201.402 and 203.947).
Supports and resistances:
241.6 **
235.1 *
228.6 **
222.1
208.86 (USD-last)
200
195.9 **
185.3 *
179 **
Our preference: our next up target stands at 228.6.
Alternative scenario: below 195.9, expect 185.3 and 179.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 201.402 and 203.947).
Supports and resistances:
241.6 **
235.1 *
228.6 **
222.1
208.86 (USD-last)
200
195.9 **
185.3 *
179 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
