News Image

Interesting Technical Analysis finding for ADVANCED MICRO DEVICES (NASDAQ:AMD)

By Mill Chart

Last update: Jan 15, 2024

Our stockscreener has identified a possible breakout setup on ADVANCED MICRO DEVICES (NASDAQ:AMD). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:AMD for potential opportunities.

AMD Daily chart on 2024-01-15

In-Depth Technical Analysis of NASDAQ:AMD

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to AMD. Both in the recent history as in the last year, AMD has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • The long and short term trends are both positive. This is looking good!
  • When comparing the yearly performance of all stocks, we notice that AMD is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by AMD over the past year are nicely spread over this period.
  • AMD is part of the Semiconductors & Semiconductor Equipment industry. There are 105 other stocks in this industry. AMD outperforms 97% of them.
  • AMD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
  • In the last month AMD has a been trading in the 133.74 - 151.05 range, which is quite wide. It is currently trading near the high of this range.

Our latest full technical report of AMD contains the most current technical analsysis.

Why is NASDAQ:AMD a setup?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:AMD has a 9 as its setup rating, indicating its current consolidation status.

AMD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 147.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 143.45, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Trading breakout setups.

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

ADVANCED MICRO DEVICES

NASDAQ:AMD (6/3/2025, 7:56:08 PM)

After market: 117.28 -0.03 (-0.03%)

117.31

+2.68 (+2.34%)



Find more stocks in the Stock Screener

AMD Latest News and Analysis

ChartMill News Image6 hours ago - ChartmillLooking for the most active stocks in the S&P500 index on Tuesday?

Let's have a look at what is happening on the US markets on Tuesday. Below you can find the most active S&P500 stocks in today's session.

Mentions: F SMCI AAPL INTC ...

ChartMill News Imagea day ago - ChartmillThese S&P500 stocks are moving in today's session

Let's delve into the developments on the US markets one hour before the close of the markets on Monday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.

Mentions: FCX NEM NUE STLD ...

ChartMill News Imagea day ago - ChartmillLooking for the most active stocks in the S&P500 index on Monday?

Explore the S&P500 index on Monday and find out which stocks are the most active in today's session. Stay updated with the stocks that are capturing market interest and driving market movements.

Mentions: F AAPL INTC NVDA ...

ChartMill News Image4 days ago - ChartmillADVANCED MICRO DEVICES (NASDAQ:AMD) – A Strong Growth Stock with Technical Breakout Potential

AMD (NASDAQ:AMD) shows strong growth fundamentals and a bullish technical setup, making it a stock to watch for investors seeking high-growth semiconductor opportunities.

ChartMill News Image5 days ago - ChartmillMarket Monitor News May 30 (Nvidia UP - HP, Best Buy DOWN)

While AI titans like Nvidia propelled optimism, tariff-related headwinds pulled down stalwarts like HP and Best Buy.

Mentions: BBY HPQ CRM DELL ...

ChartMill News Image5 days ago - ChartmillThursday's session: most active stock in the S&P500 index

Looking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Thursday and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F SMCI AAPL INTC ...

ChartMill News Image5 days ago - ChartmillWondering what's happening in today's S&P500 pre-market session?

The US market is yet to commence its session on Thursday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.

Mentions: GPN BBY LYV HPQ ...

ChartMill News Image7 days ago - ChartmillStay informed about the most active stocks in the S&P500 index on Tuesday's session.

Curious about the most active S&P500 stocks in today's session? Get insights into the stocks that are leading the way in terms of trading volume and market attention.

Mentions: F AMZN SMCI AAPL ...

ChartMill News Image7 days ago - ChartmillThese S&P500 stocks are moving in today's pre-market session

As we await the opening of the US market on Tuesday, let's delve into the pre-market session and discover the S&P500 top gainers and losers shaping the early market sentiment.

Mentions: IFF CMI APH SMCI ...

ChartMill News Image15 days ago - ChartmillMonday's session: most active stock in the S&P500 index

Curious about the most active S&P500 stocks in today's session? Get insights into the stocks that are leading the way in terms of trading volume and market attention.

Mentions: F BAC UNH SMCI ...

ChartMill News Image15 days ago - ChartmillUncover the latest developments among S&P500 stocks in today's session.

Join us in exploring the top gainers and losers within the S&P500 index in the middle of the day on Monday as we examine the latest happenings in today's session.

Mentions: FCX TPL GILD HUM ...

ChartMill News Image18 days ago - ChartmillExplore the S&P500 index on Friday and find out which stocks are the most active in today's session.

Looking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Friday and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F BAC UNH SMCI ...

Follow ChartMill for more