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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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Evaluation of Advanced Micro Devices stock downgraded after the last trading session.
(Updated on May 23, 2024)

Sell candidate since May 23, 2024 PDF

The Advanced Micro Devices stock price fell by -3.08% on the last day (Thursday, 23rd May 2024) from $165.52 to $160.43. During the last trading day the stock fluctuated 9.39% from a day low at $158.28 to a day high of $173.14. The price has risen in 6 of the last 10 days and is up by 5.28% over the past 2 weeks. Volume has increased on the last day by 46 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 91 million shares were bought and sold for approximately $14.54 billion.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $167.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.05% during the next 3 months and, with a 90% probability hold a price between $101.04 and $128.99 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AMD Signals & Forecast

The Advanced Micro Devices stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $163.39. On a fall, the stock will find some support from the long-term average at approximately $158.01. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.55%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Advanced Micro Devices stock

Advanced Micro Devices finds support from accumulated volume at $154.02 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 $14.86 between high and low, or 9.39%. For the last week, the stock has had daily average volatility of 4.34%.

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 Friday 24th

For the upcoming trading day on Friday, 24th we expect Advanced Micro Devices to open at $163.95, and during the day (based on 14 day Average True Range), to move between $153.89 and $166.97, which gives a possible trading interval of +/-$6.54 (+/-4.07%) up or down from last closing price. If Advanced Micro Devices takes out the full calculated possible swing range there will be an estimated 8.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $165.83 (3.37%) than the support at $154.02 (4.00%), 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?

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. 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: -1.632 Sell Candidate Downgraded

Predicted Opening Price for Advanced Micro Devices of Friday, May 24, 2024

Fair opening price May 24, 2024 Current price
$163.95 ( 2.19%) $160.43

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 178.81 11.46 %
R2 173.13 7.92 %
R1 169.63 5.73 %
Current price: 160.43
Support S1 158.27 -1.34 %
S2 154.77 -3.53 %
S3 149.09 -7.07 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 192.53 20.01 %
R2 191.06 19.09 %
R1 165.83 3.37 %
Current price 160.43
Support S1 154.02 -4.00%
S2 146.64 -8.60%
S3 144.27 -10.07%

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?
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. 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 May 23, 2024, the price of an Advanced Micro Devices (AMD) share was $160.43.

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 $93.12.

What is the market capitalization of Advanced Micro Devices Stock?
As of the May 23, 2024, the market capitalization of Advanced Micro Devices is 259.305B.

When is the next earnings date for Advanced Micro Devices?
The upcoming earnings date for Advanced Micro Devices is Aug 06, 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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