Buy signal holds, entry on a pullback
AMD adds 0.5% and prints a new all-time high the weekly close fails to confirm
Our view last week
AMD joins the stocks with a fresh buy signal after a 12.6% gain, its fourth straight up week: seven days ago the sell signal was all but spent. AMD stock closes just over 1% below its all-time high, with the weekly RSI at 71 and buyers in the majority for 4 weeks. It ranks first among the 8 fresh US buys, but the stock is already stretched: the technical analysis points to waiting for a pullback before stepping in.
This week's summary
A new all-time high in the 645 area for AMD, but the weekly close fails to confirm it: the stock adds 0.5%, its 5th straight up week, and sits just below the record. The buy signal that fired 7 days ago is holding, and the confirmation week closed higher. Technical analysis of AMD stock still shows a stretched name, with the weekly RSI at 71: the expected pullback has not come, and the entry stays tied to a dip toward the 20-day moving average.
IQS Phase
67
in tension
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#24 / 93
US stocks in progress
Trade P&L %
+0.52%
from signal to date, no stop loss
Advanced Micro Devices (AMD) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 24th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 74 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
AMD belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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