AMD, Your Time is UpBearish Divergence continuing to print on the daily. Price increasing, but steady decline in volume. Where are the buyers at to keep it going? I see a rising wedge primed for a nice drop to the 61.8 and then lower. I counted the waves, and I would be looking for some kind of flat correction to form. AMD needs to breathe a bit as a correction is always needed for continued growth. I am not a financial adviser and do not hold any AMD, this is not a buy or sell signal, this is strictly informational and for myself to look back on. Stay safe out there, everybody! Please consider dropping me a follow.
Amdshort
Daily AMD stock price forecasting analysis05-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations.
Downward trend coming soon.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 2.9% (HIGH) ~ 0.8% (LOW), 0.5% (CLOSE)
%AVG in case of rising: 3.1% (HIGH) ~ -1.0% (LOW), 1.7% (CLOSE)
%AVG in case of falling: 1.7% (HIGH) ~ -2.6% (LOW), -2.0% (CLOSE)
Daily AMD forecast timing analysis by Supply-Demand strength24-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong selling flow to a suddenly strengthening buying flow.
View a Forecast Candlestick Shape Analysis of 10 days in the future: www.pretiming.com
(You can easily create a trading plan.)
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 1.6% (HIGH) ~ -0.2% (LOW), 0.3% (CLOSE)
%AVG in case of rising: 3.3% (HIGH) ~ -1.0% (LOW), 1.8% (CLOSE)
%AVG in case of falling: 1.7% (HIGH) ~ -2.6% (LOW), -2.0% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
AMD forecast timing analysisStock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
S&D strength Trend Analysis: In the midst of a downward trend of strong downward momentum stock price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 1.4% (HIGH) ~ -2.0% (LOW), -0.7%(CLOSE)
%AVG in case of rising: 3.4% (HIGH) ~ -1.0% (LOW), 1.9% (CLOSE)
%AVG in case of falling: 1.6% (HIGH) ~ -2.7% (LOW), -2.0%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
AMD, short to 28.94 after market opening.AMD show big volumes on sell and small one on purchasing also there is a lot of closing at bulls candles (it show x-volume indicator).I mark a strong resistance as red color level its 28.32 and 28.04. Transit level is 30.84 (its means there is no big player on it and level can be free going by price).
Levels thanks to X-Lines indicator. Volumetric analys with X-volume. I wait your quastions and likes. Follow me;)
AMD stock price forecast timing analysis. 13-JunStock investing strategies by pretiming
AMD
Investing position about Supply-Demand(S&D) strength: Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
Possibility of change in forecast timing: Forecast timing has low variability conditions. because they maintain the proper flow of supply - demand in the current trend.
D+1 Candlestick Color forecast: GREEN Candlestick
D+1 Range forecast: 3.8% (HIGH) ~ 0.3% (LOW)
AVG in case of rising: 5.0% (HIGH) ~ -0.7% (LOW)
AVG in case of falling: 1.5% (HIGH) ~ -3.0% (LOW)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Read more a detailed Forecast Analysis Reports that candlestick shape and %change, S&D strength flow in the future 7 days.
www.pretiming.com
AMD Short setup $29.8 to $26ish. Fib/Horiz resistanceSide note, The magnitude of the bounce the US economy has had since the bottom in DEcember has been insane and unprecidented. I've never seen a bottom not get tested and just fly up vertically. Especially with poor GDP estimates and economic outlook data. I was pretty heavily short back in Feb, so that hurt a bit, but all you can do is learn from your mistakes and keep moving.
This is a self explanatory chart again. We're at the 0.786 fib retracement, and we're at a previous point of resistance from September 05 2018 at $29.94. We just went up almost 12% today, and it looks like a good time to pullback a bit in the next week. My stoploss is $31.
$AMD daily sale-offEveryone when seeing strong indicator signal, start to be like "Deer in front of the headlights". There sale signal, but market climb up day after day. AMD didn't shock with last earnings report, because of EPS and Revenue it's almost 1:1 in estimate range.
But open at +4%, max +6%, and close at -2%. Crypto mining rash is gone last years, and we saw it, so AMD can't surprise with extra high revenue. But market (traders, investors) rely on gaming, servers industry, and keep believing in strong future of the company.
A/D indicator shows it well, new highs peaks, on the uptrend support line, but weak price moving up-range. Than cross of MA20 and MA 110 based on A/D confirm that not soon as Q2 report we will see some big moves. Since 8 Apr., AMD stuck in flat and can't beat last peak high 29.69.
Keep watching on AMD.
AMD Short - Support Turned Resistance The AMD chart has a few key things that caught my attention and I figured was worth sharing. Charting a fibonacci retracement from our absolute peak in September 2018, and the subsequent October 30th and December 26th lows, we can see some key levels for AMD stock. We can clearly see that AMD has strong support in the $16-17 price range, with the two reversals which were staged then. Both of those recoveries met strong resistance at the $20 level, which happens to be the 78.6% mark off of the $34 high AMD saw.
Since then we have seen AMD break the $20 resistance and move up to tap $25 on January 31st. Previously $25 seemed to provide support for the stock, when AMD fell off of its September highs it stopped at that price level, a 50% retracement, and then it continued upwards meeting resistance at the 38.2% line (~$27). We can now see that 50% retracement point as resistance to AMD's momentum after a 2nd rejection that just occurred in the past two days.
There are several factors at play encouraging my short position on the stock for this short time period. Long term I can see myself turning bullish on AMD with a good trade deal and some strong signals that economic growth isn't stagnant. Short term, and I mean immediate short term, I don't expect it to impact the next week or two. It could lead to a bump, which could be magnified in semis given their production relationships with that region, but I would go so far as to argue that the market expects a deal to be made at this point with the recent rally and also considering that the White House's announcements regarding trade this week have all been very positive. Since Trump has already announced delaying the tariffs that catalyst should be absorbed by now, he noted that they will "probably" meet later next month. I don't see many other bullish catalysts for this stock following the rejection off that new resistance point, I say this because they have already revealed product lines, they don't report earnings for a bit, some more recent large partnerships are already announced and I am thinking trade may have a muted upside for the near-term.
I do, however, see more bearish catalysts for this very narrow period. While a more dovish fed came across with Powell's speech, the underlying message was not positive. Yes, the market doesn't like the Fed raising rates, but it is concerning that the Fed doesn't feel like economic growth is strong enough to continue on the path or raising rates to more "normal" territory (hard to say what normal is there anymore). If the market ends up responding more poorly to this, then I think it is fair to say we'd see AMD get dragged down with the broad market. Not to mention that from a more macro perspective we've already busted our nut with the TCJA and corporate tax rate cuts. As I've already noted that I don't think we will see another trade deal announcement this week or next lends to little upside there, but if we see issues with a trade deal at any point in the near future that would definitely be quite an interesting catalyst (I don't think this is likely, still fun to ponder though).
Back to the more technical side. With $25 looking like new resistance, declining volume and a lack of near term bullish catalysts, I expect AMD to make it's next move downwards to at least a $23 support point. If AMD cannot hold $23 then I would expect it to continue down to where the moving averages are converging (~$21 level). Based on this assessment I will be taking the following positions: AMD Puts $25 Strike Expiring 3/1, AMD Puts $24.5 Strike Expiring 3/8, AMD Puts $22 Strike Expiring 3/16.
I am not your financial advisor, you are responsible for your own trading activity.
Happy trading!
AMD approaching resistance, potential drop! AMD is approaching our first resistance at 25.23 (horizontal overlap resistance, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our support at 19.61 (horizontal swing low support, 61.8% fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Advanced Micro Devices Inc. (AMD): Trading zone & Trouble Ahead.Conclusion for today’s AMD stock analysis: Failure to close above $28.53 implies more downside for AMD that should see price close below $16.16.
AMD’s technical analysis for today is carried out using a 6 hour timeframe a candlestick chart, with attention drawn to the current trading zone in AMD.
Meandering price action since October 30, 2018 till current date has produced a sidetrend, following price retreating after the September 25, 2018 price high of $33.60.
Support region for the current sideways price action is present between $16.16 and $14.73, while the upper boundary and lower boundary of resistance is $28.53 and $25.29 respectively.
A breakout above $28.53 implies further upside for AMD. Lack of a breakout above $28.53 and/or consolidation within the region of resistance could result in a downward swing in the price of AMD.
Strategies for selling include the following:
(1) Selling on a breakout below $21.92 is considered (less conservative).
(2) Selling on a breakout below AMD’s long term bullish trendline (conservative).
(3) Selling on a breakout below $16.16 (most conservative).
THIS IS HOW AMD IS GOING TO HIT 6 USD PART TWOOn my last post i covered why AMD is going to hit the the 24 USD mark, and then drop.
Well we went up slight higher, to 25USD and we began dropping.
So where does that lead us? If we look at the previous analysis we just finished C, and now we would go for the 1:1 extension of A-B which is slighty higher at 7 USD.
Beware bulls, its going to get nasty.
THIS IS HOW AMD IS GOING TO HIT 6 USDWith Nasdaq and the Dow officially in a downtrend, and have a lot of further down to go, i believe tech stocks are going to have the biggest impact on it.
Right now AMD is doing a flat ABC, where it's going to test 24 USD again.
I would place a short at 23,8 USD with a stoploss at 24,5 USD.
As the title says i expect it to drop to 6 USD. With could potentially give us some nice profit.
AMD Approaching Resistance, Potential Drop! AMD is approaching our first resistance at 23.67 (100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 14.63 (horizontal overlap resistance, 61.8%, 76.4% Fiboancci retracement).
Stochastic (34,5,3) is also approaching our first resistance where we might see a corresponding drop in price.