AMD Technical Analysis - ADVANCED MICRO DEVICES

Technical Rating and Analysis

Overall AMD gets a technical rating of 3 out of 10. AMD was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

66% of all other stocks performed better in the past year than AMD.

AMD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

AMD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMD is lagging the market slightly.

AMD is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 46% of 57 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ADVANCED MICRO DEVICES / AMD Weekly stock chart

ADVANCED MICRO DEVICES / AMD Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, AMD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 137.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 134.34, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

128.20

153.92

When analyzing the support we notice one important area.

A support zone ranging from 129.49 to 134.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 3 important areas.

Resistance @137.79 from a horizontal line in the daily time frame.
Resistance @148.14 from a trend line in the weekly time frame.
A resistance zone ranging from 151.55 to 152.40. This zone is formed by a combination of multiple trend lines in the weekly time frame.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for AMD.DE is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for AMD.DE is neutral.
ChartMill Relative Strength	34.02	NEUTRAL	AMD.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AMD.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AMD.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AMD.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	46.52	NEUTRAL	The RSI value for AMD.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.39	POSITIVE	The MACD value suggests AMD.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	71.23	NEUTRAL	The Stochastics value for AMD.DE is a neutral value.
Average True Range in percent/ATR (20)	3.45	MEDIUM VOLATILITY	The ATR as a percentage value for AMD.DE suggests some volalility.
Average Directional Index/ADX (14)	16.6	NEGATIVE	The low ADX value for AMD.DE suggests a weak or negative trend.