ADVANCED MICRO DEVICES INC. - Daily - Technical analysis published on 07/22/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 161.91 USD
My targets
144.27 USD (-7.27%)
135.60 USD (-12.84%)
My analysis
In the short term, we can see an acceleration in the bearish trend on ADVANCED MICRO DEVICES INC., which is a positive signal for sellers. As long as the price remains above 161.91 USD, a sale could be considered. The first bearish objective is located at 144.27 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 135.60 USD as an objective. Crossing it would then enable sellers to target 116.82 USD. If the price were to return above 161.91 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.2
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Additional analysis
Quotes
The ADVANCED MICRO DEVICES INC. price is 155.58 USD. On the day, this instrument gained +2.64% and was traded between 152.54 USD and 156.70 USD over the period. The price is currently at +1.99% from its lowest and -0.71% from its highest.152.54
156.70
155.58
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ADVANCED MICRO DEVICES INC. chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
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:
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 93.67 | 116.82 | 144.27 | 155.58 | 161.91 | 171.52 | 183.75 |
| Change (%) | -39.79% | -24.91% | -7.27% | - | +4.07% | +10.25% | +18.11% |
| Change | -61.91 | -38.76 | -11.31 | - | +6.33 | +15.94 | +28.17 |
| Level | Major | Minor | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.34 | 147.48 | 149.53 | 152.67 | 154.72 | 157.86 | 159.91 |
| Camarilla | 150.15 | 150.63 | 151.10 | 151.58 | 152.06 | 152.53 | 153.01 |
| Woodie | 143.80 | 147.21 | 148.99 | 152.40 | 154.18 | 157.59 | 159.37 |
| Fibonacci | 147.48 | 149.46 | 150.69 | 152.67 | 154.65 | 155.88 | 157.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.75 | 127.69 | 139.63 | 162.57 | 174.51 | 197.45 | 209.39 |
| Camarilla | 141.99 | 145.19 | 148.38 | 151.58 | 154.78 | 157.98 | 161.17 |
| Woodie | 99.26 | 124.94 | 134.14 | 159.82 | 169.02 | 194.70 | 203.90 |
| Fibonacci | 127.69 | 141.01 | 149.24 | 162.57 | 175.89 | 184.12 | 197.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.60 | 144.47 | 153.34 | 162.21 | 171.08 | 179.95 | 188.82 |
| Camarilla | 157.33 | 158.96 | 160.58 | 162.21 | 163.84 | 165.46 | 167.09 |
| Woodie | 135.60 | 144.47 | 153.34 | 162.21 | 171.08 | 179.95 | 188.82 |
| Fibonacci | 144.47 | 151.25 | 155.43 | 162.21 | 168.99 | 173.17 | 179.95 |
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): | 40.23 | |
| MACD (12,26,9): | -0.5700 | |
| Directional Movement: | -10.49 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 166.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 183.29 | |
| Elder Ray (13): | -10.82 | |
| Super Trend (3,10): | 177.03 | |
| Zig ZAG (10): | 155.40 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 7.91 | |
| TEMA (21): | 164.48 | |
| Williams %R (14): | -86.41 | |
| Chande Momentum Oscillator (20): | -8.28 | |
| Repulse (5,40,3): | -5.9600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 4.47 |
| MA7: | 165.89 | |
| MA20: | 167.02 | |
| MA50: | 163.77 | |
| MA100: | 168.88 | |
| MAexp7: | 162.25 | |
| MAexp20: | 165.94 | |
| MAexp50: | 165.05 | |
| MAexp100: | 162.90 | |
| Price / MA7: | -6.21% | |
| Price / MA20: | -6.85% | |
| Price / MA50: | -5.00% | |
| Price / MA100: | -7.88% | |
| Price / MAexp7: | -4.11% | |
| Price / MAexp20: | -6.24% | |
| Price / MAexp50: | -5.74% | |
| Price / MAexp100: | -4.49% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on ADVANCED MICRO DEVICES INC. at the time of the analysis were as follows:
- AMD to Report Fiscal Second Quarter 2024 Financial Results
- AMD to Acquire Silo AI to Expand Enterprise AI Solutions Globally
- AMD to Power AI-Based Smart Parking Solution for Sun Singapore, the Country’s Largest Provider of Smart Parking Services
- AMD to Present at the UBS Women in Tech Summit
- AMD to Present at the Nasdaq London Investor Conference
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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