ADVANCED MICRO DEVICES INC.
ADVANCED MICRO DEVICES INC.
78.17 USD (+2.32%)
Open 15 min delayed data - NASDAQ Stocks
Open: 76.74
Change: +1.77
Volume: 26,846,413
Low: 76.29
High: 78.45
High / Low range: 2.16
Type: Stocks
Ticker: AMD
ISIN:

ADVANCED MICRO DEVICES INC. - Daily - Technical analysis published on 07/11/2020

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  • Timeframe : Daily
  • - Analysis generated on 2020-07-11 18:26:13
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 54.76 USD
My targets
58.90 USD (+5.40%)
My analysis
ADVANCED MICRO DEVICES INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 54.76 USD. The next resistance located at 58.90 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this analysis. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The ADVANCED MICRO DEVICES INC. rating is 55.88 USD. On the day, this instrument lost -2.41% with the lowest point at 55.51 USD and the highest point at 58.15 USD. The deviation from the price is +0.67% for the low point and -3.90% for the high point.

55.51
58.15
55.88

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of ADVANCED MICRO DEVICES INC. in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily


MACD indicator is back over 0

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily


Resistance of triangle is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 42.10 51.74 54.76 55.88 58.90
Change (%) -24.66% -7.41% -2.00% - +5.40%
Change -13.78 -4.14 -1.12 - +3.02
Level Major Major Intermediate - Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard50.2551.7854.5256.0558.7960.3263.06
Camarilla56.0856.4756.8657.2657.6558.0458.43
Woodie50.8552.0855.1256.3559.3960.6263.66
Fibonacci51.7853.4154.4256.0557.6858.6960.32


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard44.6746.5549.4451.3254.2156.0958.98
Camarilla51.0351.4751.9052.3452.7853.2253.65
Woodie45.1946.8049.9651.5754.7356.3459.50
Fibonacci46.5548.3749.5051.3253.1454.2756.09


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37.1142.7647.6953.3458.2763.9268.85
Camarilla49.7050.6751.6452.6153.5854.5555.52
Woodie36.7442.5847.3253.1657.9063.7468.48
Fibonacci42.7646.8149.3053.3457.3959.8863.92

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 57.87
MACD (12,26,9): 0.3100
Directional Movement: 11.37
AROON (14): 57.14
DEMA (21): 53.91
Parabolic SAR (0,02-0,02-0,2): 48.60
Elder Ray (13): 2.99
Super Trend (3,10): 50.46
Zig ZAG (10): 55.88
VORTEX (21): 0.9500
Stochastique (14,3,5): 81.45
TEMA (21): 54.09
Williams %R (14): -23.33
Chande Momentum Oscillator (20): 1.89
Repulse (5,40,3): 2.2200
ROCnROLL: 1
TRIX (15,9): -0.0400
Courbe Coppock: 0.29
MA7: 53.97
MA20: 53.47
MA50: 53.54
MA100: 50.98
MAexp7: 54.43
MAexp20: 53.66
MAexp50: 53.08
MAexp100: 51.15
Price / MA7: +3.54%
Price / MA20: +4.51%
Price / MA50: +4.37%
Price / MA100: +9.61%
Price / MAexp7: +2.66%
Price / MAexp20: +4.14%
Price / MAexp50: +5.28%
Price / MAexp100: +9.25%

Quotes : 2020-07-10 19:59:59 - 15 min delayed data - NASDAQ Stocks

News


Don"t forget to follow the news on ADVANCED MICRO DEVICES INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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