AMAT closes higher for the 2nd day in a row
Applied Materials Inc (AMAT) Technical Analysis Report for Sep 14, 2018
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.
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.
Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a neutral sentiment for the next trading day.
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