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Advanced TA SearchArchive - 10/18/2024 - Sign In to see current Signals. |
Advanced Micro Devices (AMD) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Advanced Micro Devices (AMD). During the week, the AMD dropped -11.92 points, or -7.10%, and closed at 155.97 on Friday, October 18, 2024. Weekly volume was -43% 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 77.62 and resistance is at 297.20. 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 downtrend had started on March 8, 2024 at 227.30 and reached 121.83 on August 5, 2024. AMD lost 105.47 points, or 46.40%, in 21 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (153.45). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend. Weekly Technical Indicators: [See AMD weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since September 27, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help. Short-term trend: [See AMD short-term trend chart] A short-term uptrend had started on August 5, 2024 at 121.83 and reached 174.05 on October 9, 2024. AMD gained -52.22 points, or -42.86%, in 65 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 143.56 and resistance is at 177.92. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend. Daily Technical Indicators: [See AMD daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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