ADVANCED MICRO DEVICES INC. - Daily - Technical analysis published on 07/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- 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
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This analysis was given by ALBAYANTRADERS. Take part yourself by sharing additional analysis on another time unit:
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.:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
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
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 53.41 | 54.05 | 54.54 | 55.18 | 55.67 | 56.31 | 56.80 |
| Camarilla | 54.73 | 54.83 | 54.94 | 55.04 | 55.14 | 55.25 | 55.35 |
| Woodie | 53.35 | 54.01 | 54.48 | 55.14 | 55.61 | 56.27 | 56.74 |
| Fibonacci | 54.05 | 54.48 | 54.75 | 55.18 | 55.61 | 55.88 | 56.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.99 | 49.13 | 52.08 | 55.22 | 58.17 | 61.31 | 64.26 |
| Camarilla | 53.37 | 53.92 | 54.48 | 55.04 | 55.60 | 56.16 | 56.72 |
| Woodie | 45.91 | 49.08 | 52.00 | 55.17 | 58.09 | 61.26 | 64.18 |
| Fibonacci | 49.13 | 51.45 | 52.89 | 55.22 | 57.54 | 58.98 | 61.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.11 | 42.76 | 47.69 | 53.34 | 58.27 | 63.92 | 68.85 |
| Camarilla | 49.70 | 50.67 | 51.64 | 52.61 | 53.58 | 54.55 | 55.52 |
| Woodie | 36.74 | 42.58 | 47.32 | 53.16 | 57.90 | 63.74 | 68.48 |
| Fibonacci | 42.76 | 46.81 | 49.30 | 53.34 | 57.39 | 59.88 | 63.92 |
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
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15 min delayed data
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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:
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- AMD to Report Fiscal Second Quarter 2020 Financial Results
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- AMD Announce World’s First 64-Core PRO Workstation, the Lenovo™ ThinkStation™ P620, the Pinnacle of Performance for Modern Professionals
- Advanced Security Features of AMD EPYC™ Processors Enable New Google Cloud Confidential Computing Portfolio
This member declared not having a position on this financial instrument or a related financial instrument.
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