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Daily W%R Divergence:Bullish
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/19/2024 -
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Advanced Micro Devices (AMD) Technical Analysis

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Summary:
Weekly :
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldTrend support at 158.53
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It was the negative week for the Advanced Micro Devices (AMD). During the week, the AMD dropped -16.64 points, or -10.19%, and closed at 146.64 on Friday, April 19, 2024. AMD was trading at average weekly trading volume.

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 71.61 and resistance is at 272.58. 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 110.97 and resistance is at 238.71. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since April 5, 2024. 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 145.29 on April 19, 2024. AMD lost 82.01 points, or 36.08%, in 42 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (158.53) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See AMD daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since March 12, 2024. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.57
Williams' Percentage Range (W%R) 85.00
Oversold
Lane's Stochastic (%D-Slow) 9.19
Strong Oversold
Greed/Fear Indicator (GFI) 15.59
Oversold
Moving Average Converg./Diverg. (MACD) -5.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.03
Williams' Percentage Range (W%R) 68.20
Lane's Stochastic (%D-Slow) 20.86
Greed/Fear Indicator (GFI) 32.12
Moving Average Converg./Diverg. (MACD) 17.88
Trading Signals
Description Value Chart
Upper Bollinger Band 188.36
50 Day Moving Average 179.39
20 Day Moving Average 169.82
Parabolic System 158.78
Weekly Trendline Support 158.53
Weekly Stochastic Crossing 157.77
Lower Bollinger Band 148.04
Daily Stochastic Crossing 147.83
Weekly Trendline Resistance 147.62
Price 146.64
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Semiconductors 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 170.95
High Date 04/11/2024
Low 145.29
Low Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Support
Resistance 147.62
Support 158.53
High 227.30
High Date 03/08/2024
Low 145.29
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 268.27
Support 197.46
Low 93.12
Low Date 10/26/2023
High 227.30
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 238.71
Support 110.97
Low 54.57
Low Date 10/13/2022
High 227.30
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 272.58
Support 71.61
Low 1.81
Low Date 11/16/2012
High 227.30
High Date 03/08/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.