Applied Materials, Inc.s stock price (AMAT) fell slightly in its latest intraday trading, as the stock attempts to gain positive momentum that may help it recover and rise again. This comes under the control of a short-term corrective uptrend and trading along a supporting trendline, with ongoing dynamic support from trading above its previous 50-day SMA, in addition to positive signals appearing on the RSI.

Therefore, we expect the stock to rise in its upcoming trading, as long as the 176.40 support level holds, targeting the key resistance level of 201.00.

Todays price forecast: Bullish.