Applied Materials stock carries a bearish near-term bias, though the daily chart does not show a fully bearish long-term structure. The session’s close sits below the 20- and 50-session exponential moving averages but above the 200-session average.
Key takeaways
- AMAT closed at $464.24 on Tuesday, down 6.69% from the prior session’s close of $497.53.
- Daily RSI14 is 40.58, below the neutral 50 level.
- Daily MACD histogram is -2.06, below zero.
- The close sits below the daily 20-session EMA at $495.34 and 50-session EMA at $493.47, but above the 200-session EMA at $435.80.
- Hourly RSI14 is 27.96, in oversold territory.
On Tuesday, October 13, 2026, AMAT opened at $485.40, traded between a low of $452.81 and a high of $485.63, and closed at $464.24. The session’s move was -6.69% versus the previous close of $497.53 on October 12, 2026. Prices and technical indicators are from Twelve Data.
Applied Materials stock: daily resistance defines the main bias
The daily 20-session EMA stands at $495.34, above the 50-session EMA at $493.47. Both sit above the close, creating an overhead resistance area rather than a fully bearish average alignment. Meanwhile, the 200-session EMA at $435.80 remains below price. That distinction keeps the near-term bearish assessment separate from the longer-term structure.
Daily RSI14 fell to 40.58 from 50.88, placing it below neutral but outside oversold territory. The daily MACD histogram crossed below zero to -2.06 from 1.64. Its line at 6.96 sits below the signal at 9.02, supporting the bearish daily bias despite both remaining positive.
The close sits below the daily Bollinger mid-band at $489.94, between the lower band at $417.72 and upper band at $562.16. The mid-band is another overhead reference for any bullish case. Daily ATR14 rose to $20.31 from $18.44, indicating greater measured volatility than in the preceding daily candle.
Hourly weakness, with a short-term counterweight
Hourly indicators confirm the downside bias
The close lies below the 20-hour EMA at $483.88, the 200-hour EMA at $492, and the 50-hour EMA at $499.25. These averages are not fully bearishly stacked. Price also sits below the hourly Bollinger mid-band at $488.75, between the lower band at $448.88 and upper band at $528.62.
However, hourly RSI14 rose to 27.96 from 24.86, while remaining oversold. The hourly MACD histogram increased to -2.80 from -3.63, but its line at -14.69 remains below the signal at -11.89. These indicator changes qualify the bearish picture without overturning it. Hourly ATR14 declined to $7.98 from $8.28, showing a smaller measured volatility reading.
15-minute MACD and RSI readings
In contrast, the 15-minute MACD line at -5.66 sits above its signal at -7.51, with a positive histogram of 1.85. RSI14 rose to 44.77 from 41.85 but remains below neutral. These readings conflict with the daily and hourly MACD signals. They represent timing context rather than a change in the main bias.
The close is above the 15-minute 20-period EMA at $463.99. However, it remains below the 50-period EMA at $476.81 and 200-period EMA at $501.66. Each period here represents a quarter-hour. Price also sits above the Bollinger mid-band at $460.62 and below the upper band at $468.34; the lower band is $452.89. With 15-minute ATR14 at $4.27, these nearby references frame short-term execution conditions.
Strategy reports do not resolve the chart’s weakness
Separately, a Yahoo Finance report published after Tuesday’s close described an expanded strategy tied to artificial intelligence demand. Yahoo Finance reported that Applied Materials expects to gain more than two percentage points of wafer-fab-equipment market share by 2030 while increasing profitability. These are targets, not completed outcomes.
Another Yahoo Finance report published after Tuesday’s close said Evercore retained Outperform and a $700 target following the research-center launch. It also said planned spending scales with customer projects. However, a separate Yahoo Finance report published after the same close characterized the 2030 guidance as uncertain and suggested it may have underwhelmed bullish investors.
Bullish and bearish conditions for the next session
Bullish scenario
The bullish scenario for Applied Materials stock would require holding the hourly and 15-minute pivots at $463.22. It would then need to clear their first resistance at $465.73. Clearing the daily pivot at $467.56 would add support to that case.
Beyond it, the daily first resistance at $482.31 precedes the hourly 20-hour EMA at $483.88. The daily Bollinger mid-band at $489.94 follows. The daily averages at $493.47 and $495.34 remain further tests of any bullish thesis.
Bearish scenario
Conversely, a break below the hourly and 15-minute pivots at $463.22 would weaken that case. A break below their first support at $461.68 would reinforce the bearish reading.
Below those levels, the session low at $452.81 is the next reference. Beyond it, daily first support sits at $449.49 and the hourly lower Bollinger band at $448.88. The daily 200-session EMA at $435.80 remains a deeper structural reference.
Overall, the close stands below the next-session daily pivot and the daily intermediate averages, but above the 200-session EMA. Daily ATR14 at $20.31 frames the volatility backdrop. Positive 15-minute MACD readings remain at odds with bearish daily and hourly signals. Whether they can coincide with price clearing resistance is the unresolved question.
FAQ
What is the near-term bias for Applied Materials stock?
The near-term bias is bearish. Daily RSI14 at 40.58 sits below neutral, and the daily MACD histogram at -2.06 is below zero. The close also sits below the daily 20-session and 50-session EMAs, defining overhead resistance rather than a fully bearish average alignment.
Where are the key resistance levels for AMAT?
The next-session daily pivot is $467.56, with first resistance at $482.31. The hourly 20-hour EMA is at $483.88, and the daily Bollinger mid-band is at $489.94. The daily 50-session and 20-session EMAs at $493.47 and $495.34 remain further overhead.
Is the 200-session EMA still supporting the longer-term structure?
Yes. The 200-session EMA at $435.80 remains below the close, meaning the daily chart does not show a fully bearish long-term structure despite the near-term weakness. The overhead positioning of the 20- and 50-session EMAs keeps the near-term assessment separate from the longer-term outlook.
Disclaimer: This article is for informational purposes only and does not constitute financial advice, an investment recommendation, or a solicitation to buy or sell any financial instrument. The analysis provided is not indicative of future results. Investing in financial markets carries a high risk of capital loss. Always do your own research (DYOR) and consult a qualified financial advisor before making any decision.
Cryptonomist and the author hold no positions in the financial instruments mentioned and receive no compensation from the companies covered.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.