Sites like Yahoo began by offering basic stock charts. That was a while ago and welcomed. Now they added interactive charts. While they do not offer all of the technical analysis you may want, it is a great start. You add indicators and change the moving averages. Also as you can see below they have candle stick charts, bar, area, and the typical line. My only complaint is that they are missing some obvious ones like OBV (on balance volume and others). Try the interactive stock charts here, as an example AMD.
Could AMD be a sleeper? AMD is currently trading at $2.24 at the time of this writing. It was trading over $4 less than 6 months ago. It really took a drop after this earnings call. The RSI is at 22.19, possibly a big over sell. This could be an opportunity to jump in. I own it and have a ways to go before I get my investment back, but only because I believe in AMD for the long haul. For day traders this is one to watch. Down volume was huge.
Look at the chart below from StockCharts.com. The OBV (On Balance Volume) on this 6 month chart is not as low as it was back in October with an even higher price. As volume precedes price you may want to keep an eye on this one at this price.
This is not necessarily a bad thing. AMD (Advanced Micro Devices) will be moving from the NYSE to the NASDAQ beginning on January 2nd, 2015. The last trading day on the NYSE will be December 31, 2014.
Take a look at the chart below which is of 3:06 PM EDT on 10/9/14. As you can see, AMD took a huge drop recently. In July of this year it was as high as 4.5 and has been bouncing all around this year. That volatility has made it a traders dream. However now due to the huge recent drop which may partly be due to the overall market at this time, it could be an opportunity for value investors as well as traders.
AMD with RSI
On the chart above it shows a 14 day RSI. Now you should employ many more technical analysis indicators however look at this Relative Strength Indicator. The RSI is definitely in a buy territory. We never, nor does anyone, suggest making a trading decision on one indicator alone. Now take a look at the chart below showing the OBV.
AMD with OBV
This chart goes back to the later months of 2012 up through the end of trading on 10/9/14. This indicator is the On Balance Volume. Looking at the current price and then going back to about October of 2013 when it was last at this price, although now it is slightly lower. But compare the On Balance Volume. It is not anywhere near as low as the past volume and the price is the same. In other words even though the price has dropped quickly the volume has not dropped significantly.
Recent News and Events
The Market as a whole is down, that can effect all stocks regardless of their strength. If there are those stocks that are on the fence it can effect them even more so. There was big news recently when the CEO is going to be replaced by the COO as reported by Barrons.
Disclaimer: As always do your own research before making a decisions to buy or sell a stock, and the writer of this article may be biased and own the stock in question, or be shorting it, or have options, who knows, just beware.
We are issuing a buy recommendation for AMD at 2.85 on October 10, 2014.