AMAT closes higher for the 2nd day in a row


Applied Materials Inc. (AMAT) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

AMAT closes higher for the 2nd day in a row
AMAT closes within previous day's range after lackluster session
AMAT ends the day indecisive

Overview

Moving higher for the 2nd day in a row, AMAT finished the week -1.88% lower at 39.10 after gaining $0.21 (0.54%) today. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (AMAT as at Sep 14, 2018):

Daily technical analysis candlestick chart for Applied Materials Inc. (AMAT) as at Sep 14, 2018

Friday's trading range was $0.70 (1.8%), that's below last trading month's daily average range of $0.95. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.


Market Conditions for AMAT as at Sep 14, 2018

Loading Market Conditions for AMAT (Applied Materials Inc.)...
Latest Report:

AMAT finds buyers again around 33.45

Dec 10, 2018
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