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Advanced TA SearchArchive
- 5/10/2024 -
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Advanced Micro Devices (AMD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Advanced Micro Devices (AMD). During the week, the AMD climbed 1.32 points, or 0.88%, and closed at 151.92 on Friday, May 10, 2024. Weekly volume was -45% below average.
 Long-term trend: [See AMD long-term trend chart]
A long-term uptrend had started on November 16, 2012 at 1.81 and reached 227.30 on March 8, 2024. AMD gained -225.49 points, or -12458.01%, in 590 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.32 and resistance is at 275.51. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See AMD medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 54.57 and reached 227.30 on March 8, 2024. AMD gained -172.73 points, or -316.53%, in 73 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 113.26 and resistance is at 245.76. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AMD weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since April 5, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See AMD short-term trend chart]
A short-term downtrend had started on March 8, 2024 at 227.30 and reached 141.16 on May 2, 2024. AMD lost 86.14 points, or 37.90%, in 55 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (138.41) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See AMD daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 2, 2024. The distance between MACD and the signal line is low, but getting bigger.
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