Applied Materials Stock: Examining Technical Momentum Ahead Of Q1 Earnings

Zinger Key Points

Applied Materials displays a strong bullish trend, with the stock consistently above key moving averages, signaling a buy.
The bullish momentum ahead of its Q1 earnings print, is a welcome sign for investors looking at the stock closely.
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Applied Materials Inc AMAT, will be reporting its first-quarter earnings on Feb. 15 after market hours.

Wall Street expects $1.91 in EPS and $6.48 billion in revenues.

The technical analysis setup of Applied Materials signals a strongly bullish trend, supported by the share price consistently above its 5, 20, and 50-day exponential moving averages.

Applied Materials is also experiencing slight buying pressure, contributing to a positive market sentiment.

The company, known for engineering solutions used to produce new semiconductor chips, plays a crucial role in the manufacturing processes of various electronic devices.

Its eight-day simple moving average (SMA) stands at $175.56; the 20-day SMA at $170.06; and the 50-day SMA at $161.02—all below the current stock price of ~$180-$182, reinforcing buy signals.

The 200-day SMA is at $144.55, further supporting the overall buy sentiment.

Additionally, the eight, 20, and 50-day exponential moving averages are also all indicating a bullish trend. The Moving Average Convergence Divergence (MACD) indicator is 5.92, affirming the buy signal.

Furthermore, both the Bollinger Bands (25) and Bollinger Bands (100) indicators, with ranges of ($156.40 – $176.32) and ($138.26 – $164.22) respectively, support the overall buy outlook for Applied Materials.

Overall, technical indicators signal a robust bullish trend for Applied Materials stock.

Also Read: Applied Mat Earnings Preview