Strength Indicators Suggest Weakness at AMD
Near and Midterm Strength Indicators Suggest Weakness at Advanced Micro Devices (NYSE:AMD).
Technical Summary
Term → | Near | Mid | Long |
---|---|---|---|
Rating | Weak | Weak | Neutral |
P1 | 10.08 | 8.46 | 8.52 |
P2 | 10.42 | 9.76 | 10.65 |
P3 | 0 | 10.99 | 12.84 |
Support and Resistance Plot Chart for AMD
Long Term Trading Plans for AMD
April 24, 2018, 11:59 am ET
The technical Summary and associated Trading Plans for AMD listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for AMD. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
AMD - (Long) Support Plan
Buy over 8.52 target 10.65 stop loss @ 8.26.
The technical summary data tells us to buy AMD near 8.52 with an upside target of 10.65. This data also tells us to set a stop loss @ 8.26 to protect against excessive loss in case the stock begins to move against the trade. 8.52 is the first level of support below 10.175 , and by rule, any test of support is a buy signal. In this case, support 8.52 would be being tested, so a buy signal would exist.
AMD - (Short) Resistance Plan
Short under 10.65 target 8.52 stop loss @ 10.91.
The technical summary data is suggesting a short of AMD as it gets near 10.65 with a downside target of 8.52. We should have a stop loss in place at 10.91 though. 10.65 is the first level of resistance above 10.175, and by rule, any test of resistance is a short signal. In this case, if resistance 10.65 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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