ADVANCED MICRO DEVICES INC. - 1H - Technical analysis published on 08/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 131.74 USD
My targets
144.27 USD (+2.50%)
153.58 USD (+9.12%)
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 131.74 USD. The buyers' bullish objective is set at 144.27 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 153.58 USD. If there is any crossing, the next objective would be the resistance located at 161.91 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.7
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This analysis was given by aljoeed. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADVANCED MICRO DEVICES INC. rating is 140.75 USD. The price registered a decrease of -0.27% on the session and was traded between 137.64 USD and 143.25 USD over the period. The price is currently at +2.26% from its lowest and -1.75% from its highest.137.64
143.25
140.75
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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:
Technical
A technical analysis in 1H of this ADVANCED MICRO DEVICES INC. chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 116.82 | 121.82 | 129.19 | 140.75 | 144.27 | 153.58 | 161.91 |
| Change (%) | -17.00% | -13.45% | -8.21% | - | +2.50% | +9.12% | +15.03% |
| Change | -23.93 | -18.93 | -11.56 | - | +3.52 | +12.83 | +21.16 |
| Level | Minor | Minor | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.23 | 134.94 | 137.84 | 140.55 | 143.45 | 146.16 | 149.06 |
| Camarilla | 139.21 | 139.72 | 140.24 | 140.75 | 141.26 | 141.78 | 142.29 |
| Woodie | 132.34 | 134.99 | 137.95 | 140.60 | 143.56 | 146.21 | 149.17 |
| Fibonacci | 134.94 | 137.08 | 138.40 | 140.55 | 142.69 | 144.01 | 146.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.03 | 114.42 | 124.35 | 131.74 | 141.67 | 149.06 | 158.99 |
| Camarilla | 129.51 | 131.10 | 132.68 | 134.27 | 135.86 | 137.45 | 139.03 |
| Woodie | 108.29 | 115.06 | 125.61 | 132.38 | 142.93 | 149.70 | 160.25 |
| Fibonacci | 114.42 | 121.04 | 125.13 | 131.74 | 138.36 | 142.45 | 149.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.03 | 102.04 | 123.26 | 155.27 | 176.49 | 208.50 | 229.72 |
| Camarilla | 129.84 | 134.72 | 139.60 | 144.48 | 149.36 | 154.24 | 159.12 |
| Woodie | 64.64 | 99.34 | 117.87 | 152.57 | 171.10 | 205.80 | 224.33 |
| Fibonacci | 102.04 | 122.37 | 134.94 | 155.27 | 175.60 | 188.17 | 208.50 |
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): | 57.95 | |
| MACD (12,26,9): | 1.2700 | |
| Directional Movement: | 9.12 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 140.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 142.81 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 135.83 | |
| Zig ZAG (10): | 140.24 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 54.70 | |
| TEMA (21): | 141.30 | |
| Williams %R (14): | -44.50 | |
| Chande Momentum Oscillator (20): | 1.19 | |
| Repulse (5,40,3): | 1.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 4.13 |
| MA7: | 135.44 | |
| MA20: | 140.50 | |
| MA50: | 155.67 | |
| MA100: | 159.19 | |
| MAexp7: | 140.14 | |
| MAexp20: | 138.91 | |
| MAexp50: | 137.58 | |
| MAexp100: | 139.84 | |
| Price / MA7: | +3.92% | |
| Price / MA20: | +0.18% | |
| Price / MA50: | -9.58% | |
| Price / MA100: | -11.58% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +1.32% | |
| Price / MAexp50: | +2.30% | |
| Price / MAexp100: | +0.65% |
Quotes :
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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:
- AMD Completes Acquisition of Silo AI to Accelerate Development and Deployment of AI Models on AMD Hardware
- AMD Reports Second Quarter 2024 Financial Results
- AMD President Victor Peng to Retire
- AMD to Report Fiscal Second Quarter 2024 Financial Results
- AMD to Acquire Silo AI to Expand Enterprise AI Solutions Globally
This member declared not having a position on this financial instrument or a related financial instrument.
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