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Downtrend Broken Resist.Archive
- 9/6/2024 -
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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 -14.21 points, or -9.57%, and closed at 134.35 on Friday, September 6, 2024. It was the worst weekly loss since July 19, 2024. Weekly volume was -39% below average.
 Long-term trend: [See AMD long-term trend chart]
A long-term uptrend had started on November 16, 2012 at 1.81 and reached 227.30 on March 8, 2024. AMD gained -225.49 points, or -12458.01%, in 590 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 76.19 and resistance is at 291.34. 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 long-term trend.
 Medium-term trend: [See AMD medium-term trend chart]
A medium-term downtrend had started on March 8, 2024 at 227.30 and reached 121.83 on August 5, 2024. AMD lost 105.47 points, or 46.40%, in 21 weeks. The price is now at the 11.87% retracement level.
 Weekly Technical Indicators: [See AMD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. 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 August 20, 2024 at 162.04 and reached 132.11 on September 6, 2024. AMD lost 29.93 points, or 18.47%, in 17 days. The price is now at the 7.48% retracement level.
 Daily Technical Indicators: [See AMD daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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