Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average, but has broken through an important support level, which generally implies it is in a neutral trend.

The stock has support at 49.09 and 44.81. If the stock breaks down through support at 49.09 then it will probably continue lower to 44.81. The stock has resistance at 51.36 and 56.98. If the stock breaks up through resistance at 51.36 then it will probably continue higher to 56.98. The 200-day moving average is at 44.81. This will also act as support. The stock’s long-term uptrend has changed into a sideways or downtrend. In this case, the stock will either go sideways for a while or sell-off back to where it started prior to the latest big upmove. This is a risky time to buy the stock, so be careful. Wait for the trend to change to bullish before entering. Use caution during times like these, as the stock will be more volatile. Confirm with the TMTI Indicator, Short-Term and Immediate Outlook for help entering. The stock is slightly oversold according to the Stochastic Indicator (26.34).”

Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 58.24 suggesting the next level of support is 52.81. The long-term uptrend has now turned neutral.

The stock has support at 52.81 and 49.09. If the stock breaks down through support at 52.81 then it will probably continue lower to 49.09. The stock will meet resistance at 54.18 and 56.98. If the stock breaks up through resistance at 54.18 then it will probably continue higher to 56.98. The 200-day moving average is at 44.49. This will also act as support. If the stock closes below 50.97 a negative trend change is probable. The stock could fall to the 200-day moving average at 44.49. The stock is neutral according to the Stochastic Indicator (47.73).”

Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 57.90 suggesting the next level of support is 53.99. The long-term uptrend has now turned neutral.

The stock has support at 53.99 and 50.71. If the stock breaks down through support at 53.99 then it will probably continue lower to 50.71. The stock will meet resistance at 56.98 and 65.09. If the stock breaks up through resistance at 56.98 then it will probably continue higher to 65.09. The 200-day moving average is at 44.26. This will also act as support. If the stock closes below 50.71 a negative trend change is probable. The stock could fall to the 200-day moving average at 44.26. The stock is neutral according to the Stochastic Indicator (53.58).”

Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 57.56 suggesting the next level of support is 53.75. The long-term uptrend has now turned neutral.

The stock has support at 53.75 and 50.45. If the stock breaks down through support at 53.75 then it will probably continue lower to 50.45. The stock will meet resistance at 56.98 and 64.67. If the stock breaks up through resistance at 56.98 then it will probably continue higher to 64.67. The 200-day moving average is at 44.03. This will also act as support. If the stock closes below 50.45 a negative trend change is probable. The stock could fall to the 200-day moving average at 44.03. The stock is neutral according to the Stochastic Indicator (55.40).”

Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 57.04 suggesting the next level of support is 53.17. The long-term uptrend has now turned neutral.

The stock has support at 53.17 and 50.06. If the stock breaks down through support at 53.17 then it will probably continue lower to 50.06. The stock will meet resistance at 56.98 and 64.03. If the stock breaks up through resistance at 56.98 then it will probably continue higher to 64.03. The 200-day moving average is at 43.68. This will also act as support. If the stock closes below 50.06 a negative trend change is probable. The stock could fall to the 200-day moving average at 43.68. The stock is neutral according to the Stochastic Indicator (58.28).”

Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 57.04 suggesting the next level of support is 53.17. The long-term uptrend has now turned neutral.

The stock has support at 53.17 and 50.06. If the stock breaks down through support at 53.17 then it will probably continue lower to 50.06. The stock will meet resistance at 56.98 and 64.03. If the stock breaks up through resistance at 56.98 then it will probably continue higher to 64.03. The 200-day moving average is at 43.68. This will also act as support. If the stock closes below 50.06 a negative trend change is probable. The stock could fall to the 200-day moving average at 43.68. The stock is neutral according to the Stochastic Indicator (58.28).”

Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 57.04 suggesting the next level of support is 53.17. The long-term uptrend has now turned neutral.

The stock has support at 53.17 and 50.06. If the stock breaks down through support at 53.17 then it will probably continue lower to 50.06. The stock will meet resistance at 56.98 and 64.03. If the stock breaks up through resistance at 56.98 then it will probably continue higher to 64.03. The 200-day moving average is at 43.67. This will also act as support. If the stock closes below 50.06 a negative trend change is probable. The stock could fall to the 200-day moving average at 43.67. The stock is neutral according to the Stochastic Indicator (57.97).”

Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 56.36 suggesting the next level of support is 52.81. The long-term uptrend has now turned neutral.

The stock has support at 52.81 and 49.53. If the stock breaks down through support at 52.81 then it will probably continue lower to 49.53. The stock will meet resistance at 56.36 and 59.27. If the stock breaks up through resistance at 56.36 then it will probably continue higher to 59.27. The 200-day moving average is at 43.19. This will also act as support. If the stock closes below 49.53 a negative trend change is probable. The stock could fall to the 200-day moving average at 43.19. The stock is neutral according to the Stochastic Indicator (50.36).”

Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has recently broken down through an important fibonacci fan trendline at 54.78 suggesting the next support level is at 52.81. This weakness suggests the long-term uptrend is turning neutral.

The stock has support at 52.81 and 49.53. If the stock breaks down through support at 52.81 then it will probably continue lower to 49.53. The stock will meet resistance at 54.78 and 58.63. If the stock breaks up through resistance at 54.78 then it will probably continue higher to 58.63. The 200-day moving average is at 42.53. This will also act as support. The stock is neutral according to the Stochastic Indicator (54.79).”

Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 54.11 suggesting the next support level is at 52.81. This weakness suggests the long-term trend is turning neutral.

The stock has support at 52.81 and 49.09. If the stock breaks down through support at 52.81 then it will probably continue lower to 49.09. The stock will meet resistance at 54.11 and 58.63. If the stock breaks up through resistance at 54.11 then it will probably continue higher to 58.63. The 200-day moving average is at 42.24. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (66.21).”