Advanced Micro Devices stock price ended at $156.23 on Friday, after gaining 1.82%

The Advanced Micro Devices stock price gained 1.82% on the last trading day (Friday, 25th Oct 2024), rising from $153.44 to $156.23. During the last trading day the stock fluctuated 2.47% from a day low at $155.09 to a day high of $158.91. The price has fallen in 6 of the last 10 days and is down by -6.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 29 million shares were bought and sold for approximately $4.60 billion.

On Oct 15, 2024, it was reported that Oppenheimer gave AMD a "Perform" grade with a "hold" action.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 18.99% during the next 3 months and, with a 90% probability hold a price between $178.42 and $212.51 at the end of this 3-month period.

There are mixed signals in the stock today. 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 $158.17. On a fall, the stock will find some support from the short-term average at $155.26. 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 Tuesday, October 08, 2024, and so far it has fallen -9.59%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $144.48 and $132.54.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Advanced Micro Devices finds support just below today's level at $144.48. If this is broken, then the next support from accumulated volume will be at $132.54 and $132.50.

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 $3.82 between high and low, or 2.47%. For the last week, the stock has had daily average volatility of 2.39%.

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.