Advanced Micro Devices Inc. C AMD Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for AMD
  • Buy AMD slightly slightly over 64.49 target 83.13 stop loss @ 64.3 Details
  • The technical summary data tells us to buy AMD near 64.49 with an upside target of 83.13. This data also tells us to set a stop loss @ 64.3 to protect against excessive loss in case the stock begins to move against the trade. 64.49 is the first level of support below 69.5 , and by rule, any test of support is a buy signal. In this case, support 64.49 would be being tested, so a buy signal would exist.

  • Short AMD slightly under 83.13, target 64.49, stop loss @ 83.37 Details
  • The technical summary data is suggesting a short of AMD as it gets near 83.13 with a downside target of 64.49. We should have a stop loss in place at 83.37though. 83.13 is the first level of resistance above 69.5, and by rule, any test of resistance is a short signal. In this case, if resistance 83.13 is being tested, so a short signal would exist.

Swing Trading Plans for AMD
  • Buy AMD slightly slightly over 69.99, target 75.61, Stop Loss @ 69.79 Details
  • If 69.99 begins to break higher, the technical summary data tells us to buy AMD just slightly over 69.99, with an upside target of 75.61. The data also tells us to set a stop loss @ 69.79 in case the stock turns against the trade. 69.99 is the first level of resistance above 69.5, and by rule, any break above resistance is a buy signal. In this case, 69.99, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short AMD slightly near 69.99, target 64.49, Stop Loss @ 70.19. Details
  • The technical summary data is suggesting a short of AMD if it tests 69.99 with a downside target of 64.49. We should have a stop loss in place at 70.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 69.99, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AMD
  • Buy AMD slightly slightly over 69.99, target 70.59, Stop Loss @ 69.83 Details
  • If 69.99 begins to break higher, the technical summary data tells us to buy AMD just slightly over 69.99, with an upside target of 70.59. The data also tells us to set a stop loss @ 69.83 in case the stock turns against the trade. 69.99 is the first level of resistance above 69.5, and by rule, any break above resistance is a buy signal. In this case, 69.99, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short AMD slightly near 69.99, target 64.49, Stop Loss @ 70.15. Details
  • The technical summary data is suggesting a short of AMD if it tests 69.99 with a downside target of 64.49. We should have a stop loss in place at 70.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 69.99, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

AMD Ratings for September 22:

Term →Near Mid Long
Rating Weak Weak Weak
P1 0 0 64.49
P2 70.59 69.99 83.13
P3 74.07 75.61 104.13

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AMD Long Term Analysis for September 22 2022


AMD Swing Trading Analysis for September 22 2022


AMD Day Trading Analysis for September 22 2022

Trading or Investing in Advanced Micro Devices Inc. C (NYSE: AMD) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AMD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AMD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AMD too.  All of these are offered below the Summary Table.