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Advanced Micro Devices Inc. C $AMD Technical Update

April 30, 2021, 08:15 am ET, BY Gy Bennar - Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The Advanced Micro Devices Inc. C (NYSE: AMD) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for AMD, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, but prices change and so do support and resistance levels. Update this report, and get unlimited real time reports here: Free Trial.

Technical Summary

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	82.85
P2	83.54	83.03	95.05
P3	86.25	87.04	107.92

⚠Triggers may have already come

Support and Resistance Plot Chart for AMD

Long Term Trading Plans for AMD

April 30, 2021, 8:15 am ET

The Technical Summary and Trading Plans for AMD help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AMD Report.

AMD - (Long) Support Plan

The technical summary data tells us to buy AMD near 82.85 with an upside target of 95.05. This data also tells us to set a stop loss @ 82.61 to protect against excessive loss in case the stock begins to move against the trade. 82.85 is the first level of support below 83.91 , and by rule, any test of support is a buy signal. In this case, support 82.85 would be being tested, so a buy signal would exist.

AMD - (Short) Resistance Plan

The technical summary data is suggesting a short of AMD as it gets near 95.05 with a downside target of 82.85. We should have a stop loss in place at 95.32 though. 95.05 is the first level of resistance above 83.91, and by rule, any test of resistance is a short signal. In this case, if resistance 95.05 is being tested, so a short signal would exist.