Do you want to know the current price of Applied Materials and what will happen to AMAT shares next? On this page, we share the latest news about Applied Materials and give advice on buying shares. You can also view the latest Applied Materials stock forecast for 2021 and 2022 from our experts.
Should you buy or sell Applied Materials stock today? To what levels can the shares of this company rise in a year, two, three? How much will Applied Materials papers cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for AMAT shares, both up and down.
Applied Materials Forecast for 2022 and 2023
Applied Materials quotes continue to move as part of the correction and the formation of the “Triangle” model. The moving averages point to a short-term bearish trend in the AMAT. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of securities and a likely continuation of the fall in the near future. At the time of publication of the forecast, the value of the shares is 133.46. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the area of 120.05. Further, a rebound and continued rise in the value of securities. The potential target of such a movement is the area above the level of 215.05 already in 2021, 2022, 2023.
An additional signal in favor of the rise in Applied Materials quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the Triangle pattern. Cancellation of the growth option for Applied Materials stock quotes will be a fall and a breakdown of the level of 95.05. This will indicate a breakdown of the support area and the lower border of the channel, in this case, we can consider the continuation of the fall of securities to the area at the level of 60.05 as part of the development of the “Triangle” model. It is worth expecting an acceleration of the rise in shares with a breakdown of the resistance area and closing above the level of 155.05, which will indicate a breakdown of the upper border of the “Triangle” model.
Applied Materials Forecast for 2022 and 2023 suggests the development of a correction and a test of the support area near the level of 120.05. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 215.05. A test of the trend line on the relative strength index (RSI) will come out in favor of the growth of securities. Cancellation of the AMAT rise option will be a fall and a breakdown of the level of 95.05. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 60.05.
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