ADVANCED MICRO DEVICES (AMD) Technical Analysis
NASDAQ:AMD • US0079031078
Current stock price
AMD Technical Rating and Analysis
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.
- 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 115 other stocks in this industry. AMD outperforms 80% of them.
- 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.
- In the last month AMD has a been trading in the 196.41 - 352.99 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- AMD has an average volume of 37115300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AMD Weekly and Daily overview Charts
AMD Setup Rating and Analysis
Although AMD has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
AMD Support and Resistance Analysis
190.58
When analyzing the support we can see 4 important areas.
- Support @210.21 from a trend line in the weekly time frame.
- Support @203.68 from a trend line in the daily time frame.
- Support @196.60 from a horizontal line in the daily time frame.
- Support @192.50 from a horizontal line in the daily time frame.
AMD 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMD is up. |
| ChartMill Relative Strength | 97.5 | POSITIVE | AMD has a high relative strength, it outperformed 97.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMD is above 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) | 73.54 | OVERBOUGHT | The high RSI value suggests AMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.48 | POSITIVE | The MACD value suggests AMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.75 | OVERBOUGHT | The high Stochastics value suggests AMD may be overbought. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for AMD suggests some volalility. |
| Average Directional Index/ADX (14) | 45.29 | POSITIVE | The high ADX value value for AMD suggests a strong trend. |
AMD Chart- and CandleStick Pattern Analysis
AMD Technicals: Chart, Performance Metrics, Trend & Indicators
323.21
-11.42 (-3.41%)
ADVANCED MICRO DEVICES / AMD TA FAQ
Can you provide the ChartMill technical rating for ADVANCED MICRO DEVICES?
ChartMill assigns a technical rating of 10 / 10 to AMD.
Can you provide the trend direction for ADVANCED MICRO DEVICES?
The current trend direction for ADVANCED MICRO DEVICES (AMD) is Bullish.
What is the RSI signal for AMD stock?
ADVANCED MICRO DEVICES (AMD) has an RSI value of 73.5413. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for ADVANCED MICRO DEVICES?
The buy/sell signal for ADVANCED MICRO DEVICES (AMD) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ADVANCED MICRO DEVICES (AMD) stock?
ADVANCED MICRO DEVICES (AMD) has a support level at 210.21. Check the full technical report for our detailed analysis of AMD support and resistance levels.