Applied Materials weekly uptrend opportunity based On 1.00 Lot Calculation:
- Applied Materials is a leading manufacturer of semiconductor manufacturing equipment. It also makes manufacturing equipment for LCD screens for TV’s, smart phones, and other consumer devices. The company operates in the United States, China, Korea, Taiwan, Japan and in Europe. It was founded in 1967.
- Event: Applied Materials will report 3rd Quarter earnings on August 19, 2021, after the American market closes. The company has beat analysts’ estimates for adjusted earnings and revenue 7 of the last 8 quarters. It is currently forecast to earn $1.77 per share and have top line revenue of $5.945 billion.
- News: The world is in the middle of a global semiconductor shortage. Applied Materials is well positioned to provide the equipment needed to satisfy the current supply deficit. All modern technology products require semiconductors, from smartphones to vehicles. The shortage is causing production delays and costing companies billions of dollars. Examples of products affected are Sony Playstations, Apple iPhones, and any modern vehicle. Even inexpensive cars are filled with many microprocessors to control engine management and entertainment systems.
- Stock Price Action: Applied Materials currently offers over 12% upside potential to its all-time high of $146 reached in July 2021. Applied Materials Relative Strength Indicator (RSI) is indicating the stock is oversold right now and will most likely trade higher from here.
Applied Materials, (#Applied Materials) August 16, 2021
Current Price: 129.00
|
Applied Materials |
Weekly |
|
Trend direction |
|
|
159.00 |
|
|
149.00 |
|
|
139.00 |
|
|
121.00 |
|
|
113.00 |
|
|
105.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Applied Materials |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
30,000.00 |
20,000.00 |
10,000.00 |
-8,000.00 |
-16,000.00 |
-24,000.00 |
|
Profit or loss in €** |
25,459.11 |
16,972.74 |
8,486.37 |
-6,789.10 |
-13,578.19 |
-20,367.29 |
|
Profit or loss in £** |
21,649.71 |
14,433.14 |
7,216.57 |
-5,773.26 |
-11,546.51 |
-17,319.77 |
|
Profit or loss in C$** |
37,626.30 |
25,084.20 |
12,542.10 |
-10,033.68 |
-20,067.36 |
-30,101.04 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 10:25 (GMT) 16/08/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details