US tech · a decline running out of breath
AMD climbs 8.5%, back to just over 4% below its all-time high
Our view last week
AMD stock climbs 8.1% this week, pushing the price back toward the 524-527 area that triggered the Sell signal in the first place. Signal strength drops to 2 out of 100, the mark of a decline running on fumes. The confirmation week closed bullish, and our model flags a fresh open as high-risk on this highly volatile name. Technical analysis at the second week of the signal.
This week's summary
A third straight weekly gain for AMD stock: +8.5%, with price pressing against its 7-day high in the 560 area and 99% of the last session's volume on the buy side. The sell signal is nearly spent, signal strength at 2 out of 100. Price closed above the first stop level (SL1) and the second stop level (SL2) flagged in last week's card (547.01 area, 558.58 area): for anyone following those levels the trade is closed.
IQS Phase
34
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#124 / 155
US stocks sell signals
Trade P&L %
-17.22%
from signal to date, no stop loss
Rank position
ranks 124th among the 155 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +1.03% · monthly +3.25%
AMD belongs to the growth tech sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content