Applied Materials (AMAT) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for AMAT · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$546.62last close · Aug 4, 202652-week range $154.47 – $739.67 · 26.1% below the high
Falling Wedge · playing out now

AMAT just broke higher out of a falling wedge — a brief, tidy pause inside a strong run. That's usually a breather before another push up.

On this chart, setups like it have followed through about 48% of the time.

As long as price stays above $436.3, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $693.8 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

AMAT Falling Wedge Pattern

AMAT is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$693.81Projected move+31.6%Breakout level$518.42

New to this pattern? What a falling wedge is and how to trade it →

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
AMAT win rate
45.5%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

AMAT Pattern Trade History

Every completed pattern trade our nightly backtest found on AMAT's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeJun 2, 2026 @ $473.64Jul 2, 2026 @ $603.04Win+1.70R
Rising WedgeMay 18, 2026 @ $418.97May 26, 2026 @ $454.89Loss-1.22R
Bullish PennantApr 8, 2026 @ $378.89Jun 5, 2026 @ $453.01Win+1.27R
Bullish PennantJan 2, 2026 @ $267.08Jan 30, 2026 @ $322.32Win+4.97R
Bullish PennantJun 24, 2025 @ $179.74Aug 15, 2025 @ $161.75Loss-1.30R
TriangleNov 15, 2024 @ $168.34Jan 22, 2025 @ $195.51Loss-1.05R
Bullish PennantSep 13, 2024 @ $186.08Nov 15, 2024 @ $168.88Loss-1.36R
Rising WedgeJul 16, 2024 @ $243.89Jul 17, 2024 @ $220.56Win+1.94R
Rising WedgeJun 11, 2024 @ $229.68Jul 24, 2024 @ $206.53Loss-1.12R
Bullish PennantDec 11, 2023 @ $149.21Jan 2, 2024 @ $154.37Win+0.71R
Falling WedgeNov 8, 2023 @ $142.92Jan 2, 2024 @ $154.37Win+0.83R
Bullish PennantMar 16, 2023 @ $121.03Apr 17, 2023 @ $111.79Loss-1.01R

AMAT Support and Resistance Levels

Price was turned away at a ceiling near $777.88 about 5 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $447.07 — still about 18% away.

  • Traders commonly watch $447.07 as a target (its 50% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $777.88 ceiling about 5 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected resistance near $689.15. These are chart/swing-derived levels, not formula pivots.

Resistance
$689.15$693.15$707.83$744.85

AMAT Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$544.65$549.67$535.55$546.62
Aug 3, 2026$498.86$519.50$491.68$518.21
Jul 31, 2026$531.69$536.54$502.91$507.67
Jul 30, 2026$482.48$508.54$476.12$501.77
Jul 29, 2026$463.42$475.00$436.33$436.45
Jul 28, 2026$490.92$495.00$467.01$476.46
Jul 27, 2026$539.54$548.55$493.64$516.89
Jul 24, 2026$556.21$562.80$530.01$536.25
Jul 23, 2026$548.97$576.49$547.39$562.80
Jul 22, 2026$544.31$563.34$543.18$553.92

AMAT Frequently Asked Questions

What chart pattern is AMAT forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Applied Materials (AMAT) on the daily chart, with a measured-move target of $693.81.
Is a falling wedge bullish or bearish?
The falling wedge detected on AMAT is a bullish pattern, projecting a measured-move target of $693.81. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for AMAT?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), AMAT's nearest support is around n/a and nearest resistance around $689.15.
What is the price target if AMAT's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $693.81 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was AMAT's closing price on Aug 4, 2026?
Applied Materials (AMAT) last closed at $546.62 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.