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Advanced Micro Devices Inc. Technical Analysis - Advanced Micro Devices Inc. Trading: 2023-06-29
Advanced Micro Devices Technical Analysis Summary
Above 112.35
Buy Stop
Below 106.92
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Buy |
Advanced Micro Devices Chart Analysis
Advanced Micro Devices Technical Analysis
The technical analysis of the AMD stock price chart on 4-hour timeframe shows #S-AMD, H4 is retracing down toward the 200-period moving average MA(200) after hitting 14-month high two weeks ago. We believe the bearish momentum will reverse after the price breaches above the upper boundary of Donchian channel at 112.35. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower boundary of Donchian channel at 106.92. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (106.92) without reaching the order (112.35), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Advanced Micro Devices
AMD stock declined after reports on tougher US restrictions on artificial intelligence technology exported to China. Will the AMD stock price continue retreating?
Semiconductor stocks retreated on Wednesday after reports late Tuesday the Biden administration is weighing tougher restrictions on exports of computer chips that process AI software. Analysts estimate US administration could move as soon as July to stop shipments of chips to customers in China without first obtaining a license. Advanced Micro Devices, Inc. shares slipped 0.2% on Wednesday. Expectations of lower sales are bearish for a company stock price.
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