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Archive
- 8/20/2010
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Advanced Micro Devices |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the fourth negative week after 3 consecutive positive weeks for the Advanced Micro Devices (AMD). During the week, the AMD dropped -0.24 points, or -3.70%, and closed at 6.25 on Friday, August 20, 2010. Weekly volume was -30% below average.
 Long-term trend: [See AMD long-term trend chart]
A long-term downtrend had started on March 3, 2006 at 42.70 and reached 1.62 on November 21, 2008. AMD lost 41.08 points, or 96.21%, in 142 weeks. The chart has formed a Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
 Medium-term trend: [See AMD medium-term trend chart]
A medium-term uptrend had started on November 21, 2008 at 1.62 and reached 10.24 on April 15, 2010. AMD gained -8.62 points, or -532.10%, in 72 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (6.21) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See AMD weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Williams' Percentage Range has bullish divergence. Use the following links to access the Williams' Percentage Range help, or use the Technical Stock Screener to see the list of stocks with weekly Williams' Percentage Range bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 16, 2010. Use the following link to access a MACD help.
 Short-term trend: [See AMD short-term trend chart]
A short-term downtrend had started on April 15, 2010 at 10.24 and reached 6.19 on August 20, 2010. AMD lost 4.05 points, or 39.55%, in 127 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 5.96 and resistance is at 6.92. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See AMD daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since August 5, 2010. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Technology |
7 |
| Industry |
Semiconductor-Broad Line |
54 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
6.77 |
| High Date |
08/17/2010 |
| Low |
6.19 |
| Low Date |
08/20/2010 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
6.92 |
| Support |
5.96 |
| High |
10.24 |
| High Date |
04/15/2010 |
| Low |
6.19 |
| Low Date |
08/20/2010 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
14.60 |
| Support |
13.35 |
| Low |
3.22 |
| Low Date |
07/08/2009 |
| High |
10.24 |
| High Date |
04/15/2010 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Support |
| Resistance |
12.81 |
| Support |
6.21 |
| Low |
1.62 |
| Low Date |
11/21/2008 |
| High |
10.24 |
| High Date |
04/15/2010 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
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| Resistance |
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| Support |
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| High |
42.70 |
| High Date |
03/03/2006 |
| Low |
1.62 |
| Low Date |
11/21/2008 |
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