AMD Weekly Chart

3 天前

Support and Resistance Levels:

Key Support: AMD has found strong support around the $115-$120 zone, as marked on the chart.
Resistance Target: The upside target is set at $177, representing a potential 46% gain if the stock reclaims higher levels.

Indicators:
SMA 20 and SMA 50:
The price is currently below both the SMA 20 ($143.19) and SMA 50 ($136.60), indicating a bearish trend in the medium term. However, this could shift if AMD breaks above these levels in the coming weeks.

RSI (14):
RSI is at 38.41, indicating the stock is approaching oversold territory. This could signal a potential reversal if buyers step in.

Volume:
The volume has remained steady, but any significant breakout or breakdown would need to be confirmed by higher-than-average trading volume.

Risk/Reward:
Risk: The stop loss is set just below the $115 support level to minimize downside exposure.
Reward: The target price of $177 offers a favorable risk/reward ratio of over 2:1.

Market Context:
AMD is currently consolidating after a substantial decline from its peak. This setup might attract buyers looking for a technical bounce or a reversal pattern.