ADVANCED MICRO DEVICES (AMD) Stock Technical Analysis
USA - NASDAQ:AMD - US0079031078 - Common Stock
We assign a technical rating of 10 out of 10 to AMD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMD is showing a nice and steady performance.
AMD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for AMD in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
153.17
When analyzing the support we can see 5 important areas.
- Support @244.42 from a trend line in the daily time frame.
- A support zone ranging from 233.53 to 233.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @186.54 from a trend line in the daily time frame.
- Support @180.86 from a trend line in the weekly time frame.
- Support @154.72 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @264.34 from a horizontal line in the daily time frame.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMD is up. |
| ChartMill Relative Strength | 94.41 | POSITIVE | AMD has a high relative strength, it outperformed 94.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AMD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.11 | NEUTRAL | The RSI value for AMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.16 | NEGATIVE | The MACD value suggests AMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.63 | NEUTRAL | The Stochastics value for AMD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for AMD suggests high volalility. |
| Average Directional Index/ADX (14) | 27.32 | POSITIVE | The high ADX value value for AMD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 264.35 | 244.41 | 19.94 (7.54%) | 13.26% |
| An entry @264.35. This is a Buy Stop order right above the resistance zone. | An exit @244.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 19.94 points, which is 7.54%. | When investing 13.26% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of AMD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
246.81
-1.15 (-0.46%)
ADVANCED MICRO DEVICES / AMD FAQ
Can you provide the ChartMill technical rating for ADVANCED MICRO DEVICES?
ChartMill assigns a technical rating of 10 / 10 to AMD.
What is the trend direction for AMD stock?
The current trend direction for ADVANCED MICRO DEVICES (AMD) is Bullish.
Can you provide the RSI signal for ADVANCED MICRO DEVICES?
ADVANCED MICRO DEVICES (AMD) has an RSI value of 55.1105. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ADVANCED MICRO DEVICES?
The MACD indicator for ADVANCED MICRO DEVICES (AMD) has a value of -3.15857, indicating a bearish trend.
Can you provide the short term momentum for ADVANCED MICRO DEVICES?
The short term momentum for ADVANCED MICRO DEVICES (AMD) is positive.