The buy signal cools off in its 16th week
AMD stock drops 8.8% as the MACD turns negative after weeks of gains
The buy signal cools off in its 16th week
Our view last week
After shedding 11.1% last week, AMD bounces back 5.3%, but the rebound comes with 67% of volume still on the sell side — a confirmation that's far from clean. AMD's technical analysis shows the MACD losing steam for a month now, with the histogram down to a third of its late-June level. The trade, running for 15 weeks, still sits above 113% in profit.
This week's summary
After last week's 5.3% bounce, which came with sellers still in the majority, AMD stock drops 8.8% this week and the MACD turns negative for the first time, with the histogram flipping from +5.76 to -0.3. Volume splits evenly between buyers and sellers, a tie that confirms neither side. The trade still sits at 94% profit since entry, while AMD's earnings land this very week, on August 4.
IQS Phase
36
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#8 / 120
US stocks in progress
Trade P&L %
+94.32%
from signal to date, no stop loss
Rank position
ranks 8th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
AMD belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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