- Analytics
- Technical Analysis
Advanced Micro Devices Inc. Technical Analysis - Advanced Micro Devices Inc. Trading: 2023-10-19
Advanced Micro Devices Technical Analysis Summary
Below 101.61
Sell Stop
Above 105.1
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
| Fibonacci | 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 declining after returning under the 200-period moving average MA(200) which is declining itself. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 101.61. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 105.1. After placing the order, the stop loss is to be moved every day to the next fractal high, 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 (105.1) without reaching the order (101.61), 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 resumed sliding after new US rules announced on October 17 restricting export of advanced chips to China. Will the AMD stock price continue retreating?
This Tuesday Biden administration announced sweeping new rules restricting export of advanced chips to China. 400 pages of rules issued on Tuesday were designed to curtail China's ability to exploit American chips to build massive supercomputers that can be used to create technologies similar to OpenAI's ChatGPT and could also be used for military purposes. AMD shares dipped 1.2% on the day after the rules were issued. Expectations of lower revenue as a result of restrictions on exports to the world’s biggest chip market is bearish for a semiconductor company stock. However, the US Bureau of Industry and Security (BIS) said they are open to the semiconductor industry's input for finding ways to keep sending AI chips to China for small and medium-sized systems. They asked for input in devising a way to keep systems that might contain up to 256 AI chips from being strung together into a supercomputer.
Explore our
Trading Conditions
- Spreads from 0.0 pip
- 30,000+ Trading Instruments
- Stop Out Level - Only 10%
Ready to Trade?
Open Account Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
