ADVANCED MICRO DEVICES INC. - Weekly - Technical analysis published on 05/06/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 74.25 USD
My targets
86.35 USD (+10.95%)
97.22 USD (+24.91%)
My analysis
The basic trend is bullish on ADVANCED MICRO DEVICES INC. and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 74.25 USD. Sellers would then use the next support located at 58.90 USD as an objective. Crossing it would then enable sellers to target 42.10 USD. If there is a return to above the resistance located at 86.35 USD, this would be a sign of a reversal in the basic bullish trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.7
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Additional analysis
Quotes
The ADVANCED MICRO DEVICES INC. price is 77.83 USD. Over 5 days, this instrument lost -7.25% and was traded between 77.04 USD and 82.00 USD over the period. The price is currently at +1.03% from its lowest point and -5.09% from its highest point.77.04
82.00
77.83
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this ADVANCED MICRO DEVICES INC. chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Weekly
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Weekly
Support of channel is broken
Type : Bearish
Timeframe : Weekly
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Black gravestone / inverted hammer
Type : Bearish
Timeframe : Weekly
Bearish engulfing lines
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 42.10 | 58.90 | 74.25 | 77.83 | 86.35 | 97.22 |
| Change (%) | -45.91% | -24.32% | -4.60% | - | +10.95% | +24.91% |
| Change | -35.73 | -18.93 | -3.58 | - | +8.52 | +19.39 |
| Level | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 75.09 | 76.22 | 77.03 | 78.16 | 78.97 | 80.10 | 80.91 |
| Camarilla | 77.30 | 77.47 | 77.65 | 77.83 | 78.01 | 78.19 | 78.36 |
| Woodie | 74.92 | 76.14 | 76.86 | 78.08 | 78.80 | 80.02 | 80.74 |
| Fibonacci | 76.22 | 76.96 | 77.42 | 78.16 | 78.90 | 79.36 | 80.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.95 | 74.00 | 75.91 | 78.96 | 80.87 | 83.92 | 85.83 |
| Camarilla | 76.47 | 76.92 | 77.38 | 77.83 | 78.29 | 78.74 | 79.19 |
| Woodie | 70.39 | 73.72 | 75.35 | 78.68 | 80.31 | 83.64 | 85.27 |
| Fibonacci | 74.00 | 75.89 | 77.06 | 78.96 | 80.85 | 82.02 | 83.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.36 | 71.65 | 76.63 | 82.92 | 87.90 | 94.19 | 99.17 |
| Camarilla | 78.52 | 79.55 | 80.59 | 81.62 | 82.65 | 83.69 | 84.72 |
| Woodie | 64.72 | 71.32 | 75.99 | 82.59 | 87.26 | 93.86 | 98.53 |
| Fibonacci | 71.65 | 75.95 | 78.61 | 82.92 | 87.22 | 89.88 | 94.19 |
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): | 44.64 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | 1.24 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 83.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.20 | |
| Elder Ray (13): | -2.77 | |
| Super Trend (3,10): | 72.44 | |
| Zig ZAG (10): | 77.83 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 31.75 | |
| TEMA (21): | 79.17 | |
| Williams %R (14): | -80.50 | |
| Chande Momentum Oscillator (20): | -15.94 | |
| Repulse (5,40,3): | -8.4300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 21.78 |
| MA7: | 81.39 | |
| MA20: | 81.38 | |
| MA50: | 80.66 | |
| MA100: | 86.07 | |
| MAexp7: | 81.01 | |
| MAexp20: | 82.80 | |
| MAexp50: | 76.83 | |
| MAexp100: | 63.75 | |
| Price / MA7: | -4.37% | |
| Price / MA20: | -4.36% | |
| Price / MA50: | -3.51% | |
| Price / MA100: | -9.57% | |
| Price / MAexp7: | -3.93% | |
| Price / MAexp20: | -6.00% | |
| Price / MAexp50: | +1.30% | |
| Price / MAexp100: | +22.09% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on ADVANCED MICRO DEVICES INC. at the time of the generation of this analysis was as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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