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S&P 500 Oversold StocksArchive
- 12/20/2024 -
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Advanced Micro Devices (AMD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Advanced Micro Devices (AMD). During the week, the AMD dropped -7.70 points, or -6.07%, and closed at 119.20 on Friday, December 20, 2024. Weekly volume was -16% 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 79.72 and resistance is at 305.80. 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 October 9, 2024 at 174.05 and reached 117.90 on December 20, 2024. AMD lost 56.15 points, or 32.26%, in 10 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See AMD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 weekly MACD line is below its signal line since November 1, 2024. This is an indication that the medium-term trend is down. 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 December 4, 2024 at 144.12 and reached 117.90 on December 20, 2024. AMD lost 26.22 points, or 18.19%, in 16 days. Price is near the trend low.
 Daily Technical Indicators: [See AMD daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since December 9, 2024. This is an indication that the short-term trend is down.
 Candlestick pattern: [See AMD candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
7 |
| Industry |
Semiconductors |
23 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
144.12 |
| High Date |
12/04/2024 |
| Low |
117.90 |
| Low Date |
12/20/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
174.05 |
| High Date |
10/09/2024 |
| Low |
117.90 |
| Low Date |
12/20/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
227.30 |
| High Date |
03/08/2024 |
| Low |
117.90 |
| Low Date |
12/20/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
54.57 |
| Low Date |
10/13/2022 |
| High |
227.30 |
| High Date |
03/08/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
305.80 |
| Support |
79.72 |
| Low |
1.81 |
| Low Date |
11/16/2012 |
| High |
227.30 |
| High Date |
03/08/2024 |
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