Advanced Micro Devices Stock Forecast
Green day on Friday for Advanced Micro Devices
(Updated on Apr 26, 2024)
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.33% during the next 3 months and, with a 90% probability hold a price between $133.07 and $184.31 at the end of this 3-month period.
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AMD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.34%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Advanced Micro Devices stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $173.49. On a fall, the stock will find some support from the short-term average at $152.22. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Advanced Micro Devices stock
Advanced Micro Devices finds support from accumulated volume at $155.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.20 between high and low, or 3.39%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMD) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Advanced Micro Devices to open at $156.48, and during the day (based on 14 day Average True Range), to move between $150.24 and $164.56, which gives a possible trading interval of +/-$7.16 (+/-4.55%) up or down from last closing price. If Advanced Micro Devices takes out the full calculated possible swing range there will be an estimated 9.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $155.08 (1.47%) than the resistance at $167.69 (6.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advanced Micro Devices stock A Buy?
Advanced Micro Devices holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.496 Sell Candidate Unchanged
Predicted Opening Price for Advanced Micro Devices of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$156.48 ( 0.582%) | $157.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 161.68 | 2.72 % | |
R2 | 159.70 | 1.46 % | ||
R1 | 158.47 | 0.680 % | ||
Current price: | 157.40 | |||
Support | S1 | 154.50 | -1.84 % | |
S2 | 153.27 | -2.62 % | ||
S3 | 151.28 | -3.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 178.70 | 13.53 % | |
R2 | 172.06 | 9.31 % | ||
R1 | 167.69 | 6.54 % | ||
Current price | 157.40 | |||
Support | S1 | 155.08 | -1.47% | |
S2 | 154.02 | -2.15% | ||
S3 | 146.64 | -6.84% |
AMD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 1995 | Apr 28, 1995 | May 24, 1995 | $0.0050 | 0.0287% |
2 | Apr 18, 1995 | Apr 27, 1995 | May 24, 1995 | $0.0050 | 0.0287% |
FAQ
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