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Investtech Indices
Advanced Micro Devices (AMD.US)
Close: 126.29 (+1.69), Dec 24, 2024
Negative
Medium risk
Automatic technical analysis. Short term, Dec 24, 2024
Advanced Micro Devices shows weak development in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Advanced Micro Devices. The stock has support at dollar 119 and resistance at dollar 135. Negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. The short term momentum of the stock is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for Advanced Micro Devices. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The RSI curve shows a falling trend, which supports the negative trend. The stock is overall assessed as technically negative for the short term.Recommendation one to six weeks: Negative (Score: -72)
More analyses of Advanced Micro Devices
Candlesticks
Short term: Negative
Medium term: Negative
Long term: Hold
Learn more about key technical aspects of this stock:
TrendFalling trend
Falling trends indicate that the company experiences negative development and decreasing buy interest among investors.
Support and resistancePrice between support and resistance
Price is between support and resistance. Many investors find it cheap near support and expensive near resistance. A break upward will be a buy signal, whereas a break downward will be a sell signal.
VolumeNegative volume balance
Negative volume balance is a sign of weakness. It shows that the stock falls on high volume and reacts upwards on low volume. This indicates that investors are worried about not being able to sell when something happens, and also hesitant to buy on rising prices.
Momentum,RSIHigh negative momentum and oversold
The stock has high negative momentum and RSI is oversold, see the green colour in the price chart. The stock has fallen a lot, without significant corrections upwards. This is to be expected in falling trends, but may indicate that the price soon will rise in horizontal or rising trends.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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