ADVANCED MICRO DEVICES INC. - Weekly - Technical analysis published on 01/01/2025 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 128.84 USD
My targets
112.11 USD (-7.19%)
97.25 USD (-19.49%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ADVANCED MICRO DEVICES INC. as long as the price remains well below 128.84 USD. The sellers' bearish objective is set at 112.11 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 97.25 USD. In case of crossing, the next objective would be the support located at 73.38 USD.
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
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This analysis was given by eliro. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADVANCED MICRO DEVICES INC. rating is 120.79 USD. Over 5 days, this instrument lost -4.36% with the lowest point at 120.14 USD and the highest point at 124.10 USD. The deviation from the price is +0.54% for the low point and -2.67% for the high point.120.14
124.10
120.79
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 year)
Type : Bearish
Timeframe : Weekly
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 bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Weekly
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 56.27 | 73.38 | 97.25 | 120.79 | 128.84 | 144.27 | 161.91 |
| Change (%) | -53.42% | -39.25% | -19.49% | - | +6.66% | +19.44% | +34.04% |
| Change | -64.52 | -47.41 | -23.54 | - | +8.05 | +23.48 | +41.12 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | 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 | 116.03 | 118.08 | 119.44 | 121.49 | 122.85 | 124.90 | 126.26 |
| Camarilla | 119.85 | 120.17 | 120.48 | 120.79 | 121.10 | 121.42 | 121.73 |
| Woodie | 115.68 | 117.91 | 119.09 | 121.32 | 122.50 | 124.73 | 125.91 |
| Fibonacci | 118.08 | 119.39 | 120.19 | 121.49 | 122.80 | 123.60 | 124.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 114.23 | 117.35 | 121.27 | 124.39 | 128.31 | 131.43 | 135.35 |
| Camarilla | 123.25 | 123.90 | 124.55 | 125.19 | 125.84 | 126.48 | 127.13 |
| Woodie | 114.63 | 117.55 | 121.67 | 124.59 | 128.71 | 131.63 | 135.75 |
| Fibonacci | 117.35 | 120.04 | 121.70 | 124.39 | 127.08 | 128.74 | 131.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 112.11 | 122.53 | 129.86 | 140.28 | 147.61 | 158.03 | 165.36 |
| Camarilla | 132.30 | 133.93 | 135.55 | 137.18 | 138.81 | 140.43 | 142.06 |
| Woodie | 110.56 | 121.76 | 128.31 | 139.51 | 146.06 | 157.26 | 163.81 |
| Fibonacci | 122.53 | 129.31 | 133.50 | 140.28 | 147.06 | 151.25 | 158.03 |
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): | 38.07 | |
| MACD (12,26,9): | -8.3400 | |
| Directional Movement: | -14.63 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 130.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 159.19 | |
| Elder Ray (13): | -13.37 | |
| Super Trend (3,10): | 157.43 | |
| Zig ZAG (10): | 120.79 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 6.82 | |
| TEMA (21): | 123.36 | |
| Williams %R (14): | -94.85 | |
| Chande Momentum Oscillator (20): | -47.10 | |
| Repulse (5,40,3): | -8.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5100 | |
| Courbe Coppock: | 31.93 |
| MA7: | 123.37 | |
| MA20: | 128.39 | |
| MA50: | 138.37 | |
| MA100: | 145.97 | |
| MAexp7: | 128.86 | |
| MAexp20: | 140.35 | |
| MAexp50: | 144.49 | |
| MAexp100: | 134.78 | |
| Price / MA7: | -2.09% | |
| Price / MA20: | -5.92% | |
| Price / MA50: | -12.71% | |
| Price / MA100: | -17.25% | |
| Price / MAexp7: | -6.26% | |
| Price / MAexp20: | -13.94% | |
| Price / MAexp50: | -16.40% | |
| Price / MAexp100: | -10.38% |
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 Introduces Versal RF Series Adaptive SoCs Offering the Industry’s Highest Compute in a Single-Chip Device with Integrated Direct RF-Sampling Converters
- Tim Keating Joins AMD as Senior Vice President, Government Relations and Regulatory Affairs
- AMD Announces Press Conference at CES 2025
- AMD Announces Upcoming Events for the Financial Community
- AMD Accelerates Exascale Computing to New Heights Powering the Fastest Supercomputer Ever, El Capitan
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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