Applied Materials(US:AMAT) Benzinga·2024-11-14 19:19Group 1 - The core expectation for Applied Materials Inc (AMAT) is to report earnings per share of $2.19 and revenues of $6.95 billion for the fourth quarter [1] - The stock has experienced a significant increase, up 20.48% over the past year and 20.25% year-to-date [1] Group 2 - Current technical analysis indicates a bearish trend for Applied Materials stock, trading below key exponential moving averages, suggesting continued selling pressure [2] - The stock price of $186.07 has fallen below several crucial simple moving averages, including the eight-day, 20-day, 50-day, and 200-day averages, all signaling bearish conditions [2] Group 3 - The MACD reading of negative 1.65 indicates downside momentum, while the RSI at 46.97 suggests the stock is nearing oversold territory, potentially indicating short-term relief [3] - Overall, technical indicators suggest caution regarding the stock's performance [3] Group 4 - The consensus analyst rating for Applied Materials stock is currently a Buy, with an average price target of $214.89, indicating a potential upside of 9.23% [4] - At the time of publication, the stock was trading at $185.75 [4]