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Downtrend Broken Resist.Archive
- 10/23/2026 -
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Advanced Micro Devices (AMD) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Advanced Micro Devices (AMD). During the week, the AMD dropped -11.96 points, or -2.26%, and closed at 516.79 on Friday, October 23, 2026. Weekly volume was -44% below average.
AMD is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See AMD long-term trend chart]
A long-term uptrend had started on November 16, 2012 at 1.81 and reached 658.52 on October 6, 2026. AMD gained -656.71 points, or -36282.32%, in 724 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (94.43) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See AMD medium-term trend chart]
A medium-term uptrend had started on April 8, 2025 at 76.48 and reached 658.52 on October 6, 2026. AMD gained -582.04 points, or -761.04%, in 78 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 294.38 and resistance is at 730.68. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AMD weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See AMD short-term trend chart]
A short-term uptrend had started on July 29, 2026 at 424.03 and reached 658.52 on October 6, 2026. AMD gained -234.49 points, or -55.30%, in 69 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 462.67 and resistance is at 696.45. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See AMD daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since October 8, 2026. The distance between MACD and the signal line is near its high, but getting smaller.
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