Trend Tracker for (AMD)

October 29, 2024, 17:12 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMD

• Buy AMD near 137.92 target 163.25 stop loss @ 137.52 Details

The technical summary data tells us to buy AMD near 137.92 with an upside target of 163.25. This data also tells us to set a stop loss @ 137.52 to protect against excessive loss in case the stock begins to move against the trade. 137.92 is the first level of support below 155.28 , and by rule, any test of support is a buy signal. In this case, support 137.92 would be being tested, so a buy signal would exist.

• Short AMD slightly under 163.25, target 137.92, stop loss @ 163.72 Details

The technical summary data is suggesting a short of AMD as it gets near 163.25 with a downside target of 137.92. We should have a stop loss in place at 163.72though. 163.25 is the first level of resistance above 155.28, and by rule, any test of resistance is a short signal. In this case, if resistance 163.25 is being tested, so a short signal would exist.

Swing Trading Plans for AMD

• Buy AMD slightly over 156.99, target 163.25, Stop Loss @ 156.54 Details

If 156.99 begins to break higher, the technical summary data tells us to buy AMD just slightly over 156.99, with an upside target of 163.25. The data also tells us to set a stop loss @ 156.54 in case the stock turns against the trade. 156.99 is the first level of resistance above 155.28, and by rule, any break above resistance is a buy signal. In this case, 156.99, 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 156.99, target 149.09, Stop Loss @ 157.44. Details

The technical summary data is suggesting a short of AMD if it tests 156.99 with a downside target of 149.09. We should have a stop loss in place at 157.44 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, 156.99, 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 over 157.19, target 160.61, Stop Loss @ 156.82 Details

If 157.19 begins to break higher, the technical summary data tells us to buy AMD just slightly over 157.19, with an upside target of 160.61. The data also tells us to set a stop loss @ 156.82 in case the stock turns against the trade. 157.19 is the first level of resistance above 155.28, and by rule, any break above resistance is a buy signal. In this case, 157.19, 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 157.19, target 149.09, Stop Loss @ 157.56. Details

The technical summary data is suggesting a short of AMD if it tests 157.19 with a downside target of 149.09. We should have a stop loss in place at 157.56 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, 157.19, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Advanced Micro Devices Inc. (AMD) available here: AMD.

AMD Ratings for October 29:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	137.92
P2	157.19	149.09	163.25
P3	160.61	156.99	191.72

AI Generated Signals for AMD

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The data for Advanced Micro Devices Inc. (NYSE: AMD) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

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.

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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.