RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMD
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Advanced Micro Devices stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Advanced Micro Devices stock price gained 0.97% on the last trading day (Wednesday, 27th Mar 2024), rising from $177.87 to $179.59. During the last trading day the stock fluctuated 3.32% from a day low at $175.40 to a day high of $181.23. The price has fallen in 7 of the last 10 days and is down by -7.8% for this period. Volume fell on the last day by -10 million shares and in total, 55 million shares were bought and sold for approximately $9.89 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $178.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.61% during the next 3 months and, with a 90% probability hold a price between $229.81 and $286.49 at the end of this 3-month period.

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AMD Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 $184.57. On a fall, the stock will find some support from the short-term average at $179.37. 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -15.04%. Further fall is indicated until a new bottom pivot has been found. 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 $174.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.83 between high and low, or 3.32%. For the last week, the stock has had daily average volatility of 4.41%.

Advanced Micro Devices is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Advanced Micro Devices to open at $178.74, and during the day (based on 14 day Average True Range), to move between $170.74 and $188.44, which gives a possible trading interval of +/-$8.85 (+/-4.93%) up or down from last closing price. If Advanced Micro Devices takes out the full calculated possible swing range there will be an estimated 9.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $180.33 (0.41%) than the support at $174.23 (2.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Advanced Micro Devices stock A Buy?

The Advanced Micro Devices stock holds several negative signals and despite the positive trend, we believe Advanced Micro Devices will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.097 Sell Candidate Downgraded

Predicted Opening Price for Advanced Micro Devices of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$178.74 ( 0.473%) $179.59

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 184.57 2.77 %
R2 182.34 1.53 %
R1 180.97 0.767 %
Current price: 179.59
Support S1 176.51 -1.71 %
S2 175.14 -2.48 %
S3 172.91 -3.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 207.39 15.48 %
R2 192.53 7.21 %
R1 180.33 0.412 %
Current price 179.59
Support S1 174.23 -2.98%
S2 167.69 -6.63%
S3 138.58 -22.84%

AMD Dividend Payout History


# Declaration Date 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

What is the symbol for Advanced Micro Devices Stock and on which exchange is it traded?
The symbol for Advanced Micro Devices is AMD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Advanced Micro Devices Stock?
The Advanced Micro Devices stock holds several negative signals and despite the positive trend, we believe Advanced Micro Devices will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Advanced Micro Devices Stock?
Advanced Micro Devices Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Advanced Micro Devices Stock.

What's the current price of Advanced Micro Devices Stock?
As of the end of day on the 2024-03-27, the price of an Advanced Micro Devices (AMD) share was $179.59.

What is the 52-week high and low for Advanced Micro Devices Stock?
The 52-week high for Advanced Micro Devices Stock is $227.30 and the 52-week low is $81.02.

What is the market capitalization of Advanced Micro Devices Stock?
As of the 2024-03-27, the market capitalization of Advanced Micro Devices is 290.18B.

When is the next earnings date for Advanced Micro Devices?
The upcoming earnings date for Advanced Micro Devices is May 07, 2024.
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About Advanced Micro Devices

Advanced Micro Devices Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chi... AMD Profile

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