ADVANCED MICRO DEVICES INC.
ADVANCED MICRO DEVICES INC.
82.00 USD (-1.41%)
15 min delayed data - NASDAQ Stocks
Open: 83.62
Change: -1.17
Volume: 36,689,114
Low: 81.53
High: 84.65
High / Low range: 3.12
Type: Stocks
Ticker: AMD
ISIN:

ADVANCED MICRO DEVICES INC. - Daily - Technical analysis published on 07/21/2020

  • Who voted?
  • 101
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on 2020-07-21 03:18:27
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 51.74 USD
My targets
58.90 USD (+2.51%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ADVANCED MICRO DEVICES INC. as long as the price remains well above 51.74 USD. The buyers” bullish objective is set at 58.90 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

This analysis was given by ALBAYANTRADERS. 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. price is 57.46 USD. On the day, this instrument gained +4.40% and was between 54.83 USD and 57.53 USD. This implies that the price is at +4.80% from its lowest and at -0.12% from its highest.

54.83
57.53
57.46

Here is a more detailed summary of the historical variations registered by ADVANCED MICRO DEVICES INC.:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

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 this Daily chart of ADVANCED MICRO DEVICES INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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 3

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 42.10 47.00 51.74 57.46 58.90
Change (%) -26.73% -18.20% -9.95% - +2.51%
Change -15.36 -10.46 -5.72 - +1.44
Level Major Minor Major - Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard53.4154.0554.5455.1855.6756.3156.80
Camarilla54.7354.8354.9455.0455.1455.2555.35
Woodie53.3554.0154.4855.1455.6156.2756.74
Fibonacci54.0554.4854.7555.1855.6155.8856.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard45.9949.1352.0855.2258.1761.3164.26
Camarilla53.3753.9254.4855.0455.6056.1656.72
Woodie45.9149.0852.0055.1758.0961.2664.18
Fibonacci49.1351.4552.8955.2257.5458.9861.31


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 61.04
MACD (12,26,9): 0.6600
Directional Movement: 8.43
AROON (14): 64.29
DEMA (21): 55.12
Parabolic SAR (0,02-0,02-0,2): 51.48
Elder Ray (13): 1.37
Super Trend (3,10): 50.46
Zig ZAG (10): 57.46
VORTEX (21): 1.0100
Stochastique (14,3,5): 73.44
TEMA (21): 55.60
Williams %R (14): -11.82
Chande Momentum Oscillator (20): 4.88
Repulse (5,40,3): 6.2400
ROCnROLL: 1
TRIX (15,9): 0.0700
Courbe Coppock: 12.58
MA7: 55.28
MA20: 53.75
MA50: 53.94
MA100: 51.16
MAexp7: 55.44
MAexp20: 54.42
MAexp50: 53.54
MAexp100: 51.62
Price / MA7: +3.94%
Price / MA20: +6.90%
Price / MA50: +6.53%
Price / MA100: +12.31%
Price / MAexp7: +3.64%
Price / MAexp20: +5.59%
Price / MAexp50: +7.32%
Price / MAexp100: +11.31%

Quotes : 2020-07-20 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.

About author

Online

Overall rating :
13485
Number of analyses :
Followers :
0

Add a comment

no pic

Comments

0 comments on the analysis ADVANCED MICRO DEVICES INC. - Daily