AMD -> Uptrend Will ContinueHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that AMD is actually approaching a quite nice previous weekly support/resistance area which is now turned resistance again.
You can also see that weekly market structure is beautifully bullish, AMD is always creating new higher highs and higher lows, so I am now just waiting for a short term rejection away from the resistance before I then do expect more upside potential.
On the daily timeframe you can see that AMD is showing some rejection at the $110 level which was also previous daily resistance, so I am now just waiting for a retest of the $98 level before I then do expect a new fresh rally towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
AMD
Analysing Trends, Patterns, and IndicatorsGreetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities.
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AMD Share Price Breaks August 2022 HighIt happened last week. Since the beginning of 2023, AMD's share price has risen by 66%. According to technical analysts at Bank of America, AMD's share price has a bullish outlook; interestingly, just 2 weeks ago, the bank downgraded the stock.
According to analysts polled by the WSJ, AMD's average target price for a share is USD 102.68, which is below current levels.
How can the price of Advanced Micro Devices stock change?
From the point of view of technical analysis of AMD shares, the following barriers to continued growth can occur:
→ the level of 109.42, which is 50% of the decline in A→B;
→ the psychological level of USD 110;
→ the upper line of the ascending channel (shown in blue).
It is also worth noting the unfavorable fundamental background, where the news about raising the US national debt ceiling comes to the fore. ECB President Christine Lagarde on Sunday appealed to US politicians to resolve the conflict. And Treasury Secretary Janet Yellen told NBC that the US is unlikely to survive until mid-June still able to pay its bills.
Therefore, if the AMD stock chart pulls back — for instance, to the lower border of the blue ascending channel — this should not come as a surprise.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
MyMI Stock Plays - AMD Option PlayAMD was the Top S&P 500 Gainer today reaching a critical price level of $102.43 and the 50% Retracement Level from it's most recent drop from $164.46.
Really interested in seeing how the price reacts to these levels going through next few weeks, even if it breaks the 102's. Could see some consolidation back to the Green Support that it's currently trending along back to those levels.
But looking into Option Plays longer term back to the $164s if it does and holds.
AMD: Beating Market Expectation, Bullish Bias Ahead?Hello Fellow Global Stock Trader, Here's a Technical outlook for AMD Stock!
Price Action Analysis
After Rebounding on the Fibonacci Golden Ratio Area, AMD has broken out of the bearish channeling pattern. The breakout could confirm a possible bullish trend ahead. The MACD Indicator made a golden cross, signifying a possible upside movement to the target area.
Fundamental Drives
- AMD Q4 Earning 2022 was beating the analyst expectations:
Revenue: $5.6 Billion versus $5.5 Billion Expected
Adjusted EPS: $0.69 versus $0.67 Expected
-Lisa Su plans to release AI chips
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AMD"
AMD to under $9630m chart shown above, Banked on AMD calls today but now that we've gotten over $103 we've got to go somewhere. A retracement to .78 on the fibs is where I have demand at $95.50 as long as we stay under $103.30. Such a huge amount of displacement, I think that we should be able to come back to these $103 highs at some point in the near future.
AMD short and long Based on the current chart, AMD appears to be in a diamond consolidation pattern. However, recent movements have created a large FVG area, indicating potential for a retest of $84 before moving higher. If AMD is unable to hold the $81 support during the retest, it may have hit its high for the next few years. On the other hand, if there is a bounce after retesting $84, there may be another move to the upside, with potential shorting opportunities at around $120. Despite these short-term fluctuations, my long-term target for this stock remains at $34.
AMD: Long Idea, 3Bar Play AMD: Continuation on 390m horizon. 3 Bar play identified with breakout of opening range. Acceptance has now moved PA over key levels w/o/w since establishing new character out of April 24, 2023. >102.43 revisits July/MAR 2022 auction// Beta: 1.91%, ATR: 4.12, IV: 48.32%// Bias: Risk on// Price at time of publish: 101.53
AMD down - example editionJust to follow up my long term ideas on AMD / NFLX
Here is a prime example on a lower timeframe to show what happens in these situations on PEPE the "memecoin" now of course you could argue its fundamentals are terrible and thats the reason it crashed, but a chart looks the same no matter the fundamentals, the odds usually play out, nothing guaranteed but I will play the odds every single time.
I think it is quite possible to have a rejection around the 110 area on AMD.
This area had failed to be held and will go back to retest.
WHOOPS - I FORGOT TO ADD THE LINE AT THE MONTHLY CANDLE, but im sure you can see why I am looking for 110 roughly before downside. Could very well just drop from here though.
AMD to $100+ by tomorrow?I'm excited for this one. All day I thought the market was gonna be bearish until I started paying more attention to AMD. retested the low and also made a ChoCH and sweep on internal liquidity. Really expecting us to blast through $100 to $101.85+ tomorrow. Loaded up on $100 calls and hopefully this plays out.
AMD - Rising Trend Channel [MID TERM]- AMD is in a rising trend channel in the medium long term.
- AMD has met the objective at 96.47 after a break of the double bottom formation.
- The price has now fallen, but the formation indicates further rise.
- AMD has marginally broken up through resistance at 85.00.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
SPX & NADSAQ | KRE Fear Low | FOMC| AMD NVDA| Technical AnalysisRed flag 1: SP:SPX & SKILLING:NASDAQ did not break close above Key resistance yesterday
New fear low in AMEX:KRE regional banks, fear of snowing balling into something substantial
NASDAQ:AMD poor Q2 guidance down 6% AH dragging NASDAQ:NVDA to break its 280 support.
FOMC 11pm PST tomorrow 0.25 hike 90% chance.
Shorting NASDAQ:SOXX in AMEX:SOXS
AMD STRONG UPTRENDAMD is currently creating a possible weekly higher low which is an indication of the start of a uptrend on lower time frames. AMD also has earnings after market today which could initiate the move or invalidate it. With the weekly having a closed bullish Pinbar @ the trendline there is strong confirmation signaling a bullish move up for the next week or two.
NVDA & NSADAQ Key Resistance Analysis into FOMC Wednesday- Personally i think NVDA is overvalued but markets can stay overvalue for longer than you think and vice versa
- if we do get a quick reversal here from NVDA than it would be a bull trap right no zero signs of that.
- strong 15m EMA 12 guide for NVDA
- NVDA outperforming SMH and QQQ
- NASDAQ broke above resistance no follow through
- SPX did not break above resistance need both to break.
- AMD ER tomorrow AH
AMD to resume ZIG ZAG UPSIDEAs we analyze the 4 hour chart of AMD we have continued to seem the same pattern inside the "macro" blue channel and I believe we continue to grind higher inside this channel. As you can see there are 3 other channels inside the blue channel (the white channels) which show a "bullish" correction then a push higher every time. I am looking for AMD to do the same thing until we see bearish signs (price heading out of the blue channel)... Until then I will continue to play the saying "trend is your friend"... Let's continue to look for upside on AMD.
AMD ready to push higher (30 min)We are seeing good momentum with AMD and I believe we see this stock keep running into next week. All indictors are pointing to more green and higher prices. I tend to look at the Chiku Span (green line behind the price) to let me know if we are going to see momentum slow down but it is still showing strong momentum and far away from the candles. So going into next week lets see if AMD can keep running.
Semi Sector Analysis | $NVDA $AMD $SMH | Support & Resistance |- NASDAQ:NVDA still lead bull in the NASDAQ:SMH sector you can see AMD already has been dropping
- NVDA clear resistance 280 rejected multiple times
- SMH holding above its weekly support, 13 cents away from breaking on Friday.
- NASDAQ:MSFT and NASDAQ:GOOGL ER Tuesday AH will drag SMH which everyway the earnings come in.