Applied Materials Stock: Examining Technical Momentum Ahead Of Q1 Earnings
Portfolio Pulse from Surbhi Jain
Applied Materials Inc (NASDAQ:AMAT) is set to report its Q1 earnings on Feb. 15, with Wall Street expecting $1.91 EPS and $6.48 billion in revenues. Technical analysis shows a strongly bullish trend, with the stock price above its 5, 20, and 50-day exponential moving averages and simple moving averages, indicating strong buy signals. The MACD and Bollinger Bands indicators also support a bullish outlook. Analyst consensus rates AMAT as a Buy with a price target of $144.16, despite the stock trading around $180.31 as of Feb. 13.
February 14, 2024 | 4:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Applied Materials Inc is exhibiting strong bullish technical indicators ahead of its Q1 earnings report, with a consensus analyst rating of Buy and a price target of $144.16, despite trading around $180.31.
The bullish trend is supported by technical indicators such as the stock's performance above its moving averages and positive MACD and Bollinger Bands readings. The consensus analyst rating of Buy, despite the stock trading significantly above the price target, suggests expectations of continued strong performance. This analysis is based on the technical setup and market sentiment ahead of the earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100