Advanced Micro Devices is neutral

Our pivot point stands at 148.2.

Our preference

Look for a drop towards 148.2 before a bounce.

Alternative scenario

Below 148.2, expect 139 and 133.4.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the stock is trading under its 20 day moving average (163.0475) but above its 50 day moving average (159.0882).

Supports and resistances

196.3 **

190.5 *

184.5 **

178.7

161.78 (USD-last)

151.9

148.2 **

139 *

133.4 **

Number of asterisks represents the strength of support and resistance levels.