ADVANCED MICRO DEVICES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	AMD
ISIN:

ADVANCED MICRO DEVICES INC. - Daily - Technical analysis published on 10/08/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

39%

22%

My opinion

Bearish under 29.69 USD

My targets

27.99 USD (-3.25%)

26.26 USD (-9.23%)

My analysis

ADVANCED MICRO DEVICES INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 29.69 USD. The next support located at 27.99 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 26.26 USD. Below this support, sellers could then target 24.85 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

FORCE

4.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ADVANCED MICRO DEVICES INC. rating is 28.93 USD. On the day, this instrument lost -0.28% with the lowest point at 28.84 USD and the highest point at 29.63 USD. The deviation from the price is +0.31% for the low point and -2.36% for the high point.

28.84

29.63

28.93

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ADVANCED MICRO DEVICES INC. indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of triangle

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.85	26.26	27.99	28.93	29.69	32.72	34.29
Change (%)	-14.10%	-9.23%	-3.25%	-	+2.63%	+13.10%	+18.53%
Change	-4.08	-2.67	-0.94	-	+0.76	+3.79	+5.36
Level	Minor	Intermediate	Major	-	Intermediate	Intermediate	Intermediate

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	28.21	28.39	28.70	28.88	29.19	29.37	29.68
Camarilla	28.88	28.92	28.97	29.01	29.06	29.10	29.15
Woodie	28.28	28.42	28.77	28.91	29.26	29.40	29.75
Fibonacci	28.39	28.58	28.69	28.88	29.07	29.18	29.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.67	26.55	27.78	28.66	29.89	30.77	32.00
Camarilla	28.43	28.62	28.82	29.01	29.20	29.40	29.59
Woodie	25.85	26.64	27.96	28.75	30.07	30.86	32.18
Fibonacci	26.55	27.36	27.85	28.66	29.47	29.96	30.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.84	26.10	27.54	29.80	31.24	33.50	34.94
Camarilla	27.97	28.31	28.65	28.99	29.33	29.67	30.01
Woodie	23.44	25.90	27.14	29.60	30.84	33.30	34.54
Fibonacci	26.10	27.51	28.38	29.80	31.21	32.08	33.50

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):	42.15
MACD (12,26,9):	-0.5700
Directional Movement:	-9.92
AROON (14):	-85.71
DEMA (21):	28.84
Parabolic SAR (0,02-0,02-0,2):	30.48
Elder Ray (13):	-0.02
Super Trend (3,10):	31.17
Zig ZAG (10):	28.93
VORTEX (21):	0.8900
Stochastique (14,3,5):	38.41
TEMA (21):	28.58
Williams %R (14):	-57.51
Chande Momentum Oscillator (20):	-1.36
Repulse (5,40,3):	0.3300
ROCnROLL:	2
TRIX (15,9):	-0.2400
Courbe Coppock:	10.69

MA7:	28.77
MA20:	29.70
MA50:	30.50
MA100:	30.62
MAexp7:	28.96
MAexp20:	29.56
MAexp50:	30.21
MAexp100:	29.85
Price / MA7:	+0.56%
Price / MA20:	-2.59%
Price / MA50:	-5.15%
Price / MA100:	-5.52%
Price / MAexp7:	-0.10%
Price / MAexp20:	-2.13%
Price / MAexp50:	-4.24%
Price / MAexp100:	-3.08%

News

The latest news and videos published on ADVANCED MICRO DEVICES INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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