ADVANCED MICRO DEVICES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
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Type:	Stocks
Ticker:	AMD
ISIN:

ADVANCED MICRO DEVICES INC. - 1H - Technical analysis published on 09/20/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 151.09 USD

My targets

158.23 USD (+0.95%)

161.91 USD (+3.30%)

My analysis

The bullish trend is currently very strong on ADVANCED MICRO DEVICES INC.. As long as the price remains above the support at 151.09 USD, you could try to benefit from the boom. The first bullish objective is located at 158.23 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 161.91 USD as an objective. Crossing it would then enable buyers to target 171.52 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

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.

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Additional analysis

Quotes

The ADVANCED MICRO DEVICES INC. rating is 156.74 USD. The price registered an increase of +5.70% on the session and was traded between 152.77 USD and 159.25 USD over the period. The price is currently at +2.60% from its lowest and -1.58% from its highest.

152.77

159.25

156.74

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

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:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ADVANCED MICRO DEVICES INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	137.79	144.31	151.09	156.74	158.23	161.91	171.52
Change (%)	-12.09%	-7.93%	-3.60%	-	+0.95%	+3.30%	+9.43%
Change	-18.95	-12.43	-5.65	-	+1.49	+5.17	+14.78
Level	Minor	Major	Major	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	141.78	144.90	146.59	149.71	151.40	154.52	156.21
Camarilla	146.97	147.41	147.85	148.29	148.73	149.17	149.61
Woodie	141.08	144.54	145.89	149.35	150.70	154.16	155.51
Fibonacci	144.90	146.73	147.87	149.71	151.54	152.68	154.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	122.27	128.56	140.44	146.73	158.61	164.90	176.78
Camarilla	147.31	148.98	150.64	152.31	153.98	155.64	157.31
Woodie	125.06	129.96	143.23	148.13	161.40	166.30	179.57
Fibonacci	128.56	135.50	139.79	146.73	153.67	157.96	164.90

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.02	103.92	126.24	144.14	166.46	184.36	206.68
Camarilla	137.50	141.19	144.87	148.56	152.25	155.93	159.62
Woodie	88.23	105.03	128.45	145.25	168.67	185.47	208.89
Fibonacci	103.92	119.28	128.78	144.14	159.50	169.00	184.36

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):	62.34
MACD (12,26,9):	2.0600
Directional Movement:	13.71
AROON (14):	42.86
DEMA (21):	156.34
Parabolic SAR (0,02-0,02-0,2):	151.69
Elder Ray (13):	2.34
Super Trend (3,10):	152.22
Zig ZAG (10):	156.74
VORTEX (21):	1.0000
Stochastique (14,3,5):	88.73
TEMA (21):	157.01
Williams %R (14):	-22.33
Chande Momentum Oscillator (20):	6.82
Repulse (5,40,3):	-0.6300
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	7.71

MA7:	151.55
MA20:	147.05
MA50:	147.95
MA100:	154.66
MAexp7:	156.47
MAexp20:	153.86
MAexp50:	150.72
MAexp100:	148.17
Price / MA7:	+3.42%
Price / MA20:	+6.59%
Price / MA50:	+5.94%
Price / MA100:	+1.34%
Price / MAexp7:	+0.17%
Price / MAexp20:	+1.87%
Price / MAexp50:	+3.99%
Price / MAexp100:	+5.78%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on ADVANCED MICRO DEVICES INC.. At the time of publication of this analysis, the latest news was as follows:

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

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