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Fri, Jun 11, 2021 Buy Candidate Upgraded
Analyst Ratings Last 30 days
Stop-loss: $78.18 (-3.85%)
Price TargetMay 28, 2021 4
Low Average High
$100.00 $100.00 $100.00
Key Stats
P/E Ratio 34.27
Beta 1.44
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ]
RSI14 is 68 and the stock is currently not being overbought or oversold

Stronger technical forecast for Advanced Micro Devices stock price after Friday trading. (Updated on June 11, 2021)


Buy candidate since 2021-06-11

The Advanced Micro Devices stock price fell by -0.31% on the last day (Friday, 11th Jun 2021) from $81.56 to $81.31. During the day the stock fluctuated 2.02% from a day low at $80.70 to a day high of $82.33. The price has been going up and down for this period, and there has been a 3.69% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 24 million shares were bought and sold for approximately $1.97 billion.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $81.82 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Advanced Micro Devices stock with a 90% probability to be traded between $71.49 and $80.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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.

Signals & Forecast

The Advanced Micro Devices stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $80.99 and $79.20. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months 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 Wednesday, June 02, 2021, and so far it has fallen -0.81%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Advanced Micro Devices finds support from accumulated volume at $79.06 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 $1.63 between high and low, or 2.02%. For the last week, the stock has had a daily average volatility of 2.25%.

Our recommended stop-loss: $78.18 (-3.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 day(s) ago.)

Is Advanced Micro Devices stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Advanced Micro Devices stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy Candidate candidate.

Current score: 1.005

Predicted Opening Price for Advanced Micro Devices of Monday, June 14, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price June 14, 2021 Current price
$81.45 $81.31 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

Benchmark is very positive about AMD and gave it a "Buy" rating on May 28, 2021. The price target was set to $100.00. Over the last 30 days, this security got 3 buy, 0 sell, and 1 hold ratings.

Volatility
2.25 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $82.76
Price: $81.31
Support: $79.06

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 83.08 2.17 %
82.45 1.41 %
82.07 0.93 %
Current price: 81.31
Support 80.82 -0.60 %
80.44 -1.07 %
79.82 -1.84 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 84.02 3.33 %
83.01 2.09 %
82.76 1.78 %
Current price 81.31
Support 79.06 -2.77%
78.55 -3.39%
76.23 -6.25%

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About Advanced Micro Devices

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company’s products primarily include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SoC) products. It provides x86 microprocessors for desktop PCs under the AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU, AMD Sempron APU and CPU, and AMD Pro A-Series APU... Read more

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