ADVANCED MICRO DEVICES INC. - Daily - Technical analysis published on 11/12/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 153.82 USD
My targets
133.58 USD (-7.00%)
129.19 USD (-10.05%)
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 153.82 USD. The next support located at 133.58 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 129.19 USD. Below this support, sellers could then target 93.67 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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This analysis was given by eliro. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ADVANCED MICRO DEVICES INC. rating 143.63 USD. On the day, this instrument lost -2.53% and was traded between 141.55 USD and 147.45 USD over the period. The price is currently at +1.47% from its lowest and -2.59% from its highest.141.55
147.45
143.63
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ADVANCED MICRO DEVICES INC. in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 73.50 | 93.67 | 129.19 | 143.63 | 144.29 | 161.91 | 183.96 |
| Change (%) | -48.83% | -34.78% | -10.05% | - | +0.46% | +12.73% | +28.08% |
| Change | -70.13 | -49.96 | -14.44 | - | +0.66 | +18.28 | +40.33 |
| Level | Minor | Intermediate | Major | - | Major | Major | 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 | 135.07 | 138.31 | 140.97 | 144.21 | 146.87 | 150.11 | 152.77 |
| Camarilla | 142.01 | 142.55 | 143.09 | 143.63 | 144.17 | 144.71 | 145.25 |
| Woodie | 134.78 | 138.17 | 140.68 | 144.07 | 146.58 | 149.97 | 152.48 |
| Fibonacci | 138.31 | 140.56 | 141.96 | 144.21 | 146.46 | 147.86 | 150.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.55 | 135.13 | 141.54 | 146.12 | 152.53 | 157.11 | 163.52 |
| Camarilla | 144.92 | 145.93 | 146.93 | 147.94 | 148.95 | 149.96 | 150.96 |
| Woodie | 131.46 | 135.59 | 142.45 | 146.58 | 153.44 | 157.57 | 164.43 |
| Fibonacci | 135.13 | 139.33 | 141.93 | 146.12 | 150.32 | 152.92 | 157.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.86 | 123.10 | 133.58 | 153.82 | 164.30 | 184.54 | 195.02 |
| Camarilla | 135.62 | 138.44 | 141.25 | 144.07 | 146.89 | 149.70 | 152.52 |
| Woodie | 97.99 | 120.66 | 128.71 | 151.38 | 159.43 | 182.10 | 190.15 |
| Fibonacci | 123.10 | 134.83 | 142.08 | 153.82 | 165.55 | 172.80 | 184.54 |
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): | 40.46 | |
| MACD (12,26,9): | -3.5200 | |
| Directional Movement: | -9.30 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 146.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 155.07 | |
| Elder Ray (13): | -3.81 | |
| Super Trend (3,10): | 158.46 | |
| Zig ZAG (10): | 143.35 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 23.37 | |
| TEMA (21): | 143.00 | |
| Williams %R (14): | -86.61 | |
| Chande Momentum Oscillator (20): | -12.80 | |
| Repulse (5,40,3): | -2.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 13.83 |
| MA7: | 145.14 | |
| MA20: | 150.98 | |
| MA50: | 154.54 | |
| MA100: | 153.65 | |
| MAexp7: | 146.32 | |
| MAexp20: | 150.36 | |
| MAexp50: | 153.14 | |
| MAexp100: | 154.11 | |
| Price / MA7: | -1.04% | |
| Price / MA20: | -4.87% | |
| Price / MA50: | -7.06% | |
| Price / MA100: | -6.52% | |
| Price / MAexp7: | -1.84% | |
| Price / MAexp20: | -4.48% | |
| Price / MAexp50: | -6.21% | |
| Price / MAexp100: | -6.80% |
Quotes :
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15 min delayed data
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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:
- AMD Announces Versal Premium Series Gen 2 Enabling New Levels of System Acceleration to Meet the Demands of Data-Intensive Workloads
- The Gaming Legend Continues — AMD Introduces Next-Generation AMD Ryzen 7 9800X3D Processor
- AMD Reports Third Quarter 2024 Financial Results
- AMD to Report Fiscal Third Quarter 2024 Financial Results
- AMD Expands Alveo Portfolio with Launch of World's Fastest Electronic Trading Accelerator in Slim Form Factor for Broad, Cost-Effective Server Deployments
This member declared not having a position on this financial instrument or a related financial instrument.
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