The Greedy Trader Weekly Analysis
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Daily RSI:> 90
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 5/31/2024 -
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Advanced Micro Devices (AMD) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :The price has fallen below the Parabolic SAR
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It was a fourth consecutive positive week for the Advanced Micro Devices (AMD). During the week, the AMD climbed 0.54 points, or 0.32%, and closed at 166.90 on Friday, May 31, 2024. Weekly volume was -8% 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 72.99 and resistance is at 278.24. 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 141.16 on May 2, 2024. AMD lost 86.14 points, or 37.90%, in 7 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (131.98) 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 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. 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 uptrend had started on May 2, 2024 at 141.16 and reached 174.55 on May 28, 2024. AMD gained -33.39 points, or -23.65%, in 26 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 165.50 and resistance is at 179.57. 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 technical indicators are neutral.

The daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.96
Williams' Percentage Range (W%R) 28.90
Lane's Stochastic (%D-Slow) 60.93
Greed/Fear Indicator (GFI) 66.32
Moving Average Converg./Diverg. (MACD) 0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.14
Williams' Percentage Range (W%R) 70.40
Lane's Stochastic (%D-Slow) 30.66
Greed/Fear Indicator (GFI) 33.37
Moving Average Converg./Diverg. (MACD) 10.92
Trading Signals
Description Value Chart
Weekly Trendline Resistance 179.57
Upper Bollinger Band 175.47
Parabolic System 174.72
Daily Stochastic Crossing 167.73
Price 166.90
Weekly Trendline Support 165.50
50 Day Moving Average 163.02
20 Day Moving Average 160.15
Weekly Stochastic Crossing 153.00
Lower Bollinger Band 149.38
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Semiconductors 86
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 160.25
Low Date 05/24/2024
High 174.55
High Date 05/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 179.57
Support 165.50
Low 141.16
Low Date 05/02/2024
High 174.55
High Date 05/28/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 122.56
Support 131.98
High 227.30
High Date 03/08/2024
Low 141.16
Low Date 05/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 278.24
Support 72.99
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.