AMAT | 4H Technical Analysis — May 18, 2026
Applied Materials reported Q2 FY2026 results after market close, beating expectations with revenue up 11% YoY to $7.91B and net income surging 31% to $2.81B. CEO Gary Dickerson noted that AI computing demand will be a sustained growth driver for years ahead, with customers providing 8 quarters of forward visibility, the strongest long-term demand signal the company has seen. Q3 guidance came in at $8.95B ± $500M revenue with EPS of $3.36, topping consensus, sending the stock up roughly 2% in after-hours trading.
AMAT has been in a sustained long-term uptrend since the September lows near 160, with EMA78 acting as the backbone of the entire structure. Price is currently trading around 426, with EMA21 (426.31) well above EMA78 (396.16) in a widening bullish cross.
The December flush brought the price down sharply to the 258 area before recovering, but the long-term uptrend structure remained intact. The subsequent recovery was steady and methodical — reclaiming 345, then stalling in a consolidation range between 345 and 395 through February and March before breaking higher. The April breakout above 395 was clean and decisive, with price advancing through 420 and now pushing into the 440–450 area ahead of earnings.
Price is currently consolidating just below the 450 zone, which represents the next meaningful overhead level. EMA21 is rising steeply and providing immediate dynamic support, while EMA78 at 396 underpins the broader structure. Fibonacci extension levels at 468.18 (1.272) and 492.76 (1.618) are the next upside targets on continuation.
Key levels to watch:
Resistance: 450 / 468.18 (1.272 fib) / 492.76 (1.618 fib)
Support: 420 → 395 (EMA78) → 345 → 300
Bear case: Rejection at 450 and a rollover below 420 would suggest near-term exhaustion. A close below EMA21 and a test of the 395 EMA78 support would be the first warning sign of structural deterioration.
Bull case: A hold above 420 and a clean break above 450 confirms the continuation of the long-term uptrend. Follow-through opens the path toward the 468 fib extension, with 492 as the next major target beyond that.
Bias is bullish — the long-term uptrend structure is intact, EMA cross is widening, and the earnings beat with strong forward guidance provides fresh fundamental backing for the next leg higher.
Applied Materials reported Q2 FY2026 results after market close, beating expectations with revenue up 11% YoY to $7.91B and net income surging 31% to $2.81B. CEO Gary Dickerson noted that AI computing demand will be a sustained growth driver for years ahead, with customers providing 8 quarters of forward visibility, the strongest long-term demand signal the company has seen. Q3 guidance came in at $8.95B ± $500M revenue with EPS of $3.36, topping consensus, sending the stock up roughly 2% in after-hours trading.
AMAT has been in a sustained long-term uptrend since the September lows near 160, with EMA78 acting as the backbone of the entire structure. Price is currently trading around 426, with EMA21 (426.31) well above EMA78 (396.16) in a widening bullish cross.
The December flush brought the price down sharply to the 258 area before recovering, but the long-term uptrend structure remained intact. The subsequent recovery was steady and methodical — reclaiming 345, then stalling in a consolidation range between 345 and 395 through February and March before breaking higher. The April breakout above 395 was clean and decisive, with price advancing through 420 and now pushing into the 440–450 area ahead of earnings.
Price is currently consolidating just below the 450 zone, which represents the next meaningful overhead level. EMA21 is rising steeply and providing immediate dynamic support, while EMA78 at 396 underpins the broader structure. Fibonacci extension levels at 468.18 (1.272) and 492.76 (1.618) are the next upside targets on continuation.
Key levels to watch:
Resistance: 450 / 468.18 (1.272 fib) / 492.76 (1.618 fib)
Support: 420 → 395 (EMA78) → 345 → 300
Bear case: Rejection at 450 and a rollover below 420 would suggest near-term exhaustion. A close below EMA21 and a test of the 395 EMA78 support would be the first warning sign of structural deterioration.
Bull case: A hold above 420 and a clean break above 450 confirms the continuation of the long-term uptrend. Follow-through opens the path toward the 468 fib extension, with 492 as the next major target beyond that.
Bias is bullish — the long-term uptrend structure is intact, EMA cross is widening, and the earnings beat with strong forward guidance provides fresh fundamental backing for the next leg higher.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.