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Advanced Micro Devices Stock Forecast NYSE:AMD

$161.91 (4.59%)

Volume: 57M

Closed: Nov 29, 2021

Hollow Logo Score: 5.034

Advanced Micro Devices Stock Forecast

$161.91 (4.59%)

Volume: 57M

Closed: Nov 29, 2021

Score Hollow Logo 5.034
Which way will AMD go? Request
Stop-loss: $155.79 (-3.78%)
Key Stats
P/E Ratio 49.26
Beta 1.52
* 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 61 and the stock is currently not being overbought or oversold

Stronger technical forecast for Advanced Micro Devices stock price after Monday trading.
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-10-13 Gain 48.32%

The Advanced Micro Devices stock price gained 4.59% on the last trading day (Monday, 29th Nov 2021), rising from $154.81 to $161.91. During the day the stock fluctuated 4.10% from a day low at $156.10 to a day high of $162.51. The price has been going up and down for this period, and there has been a 9.48% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 million more shares were traded than the day before. In total, 57 million shares were bought and sold for approximately $9.25 billion.

The stock lies in the upper part of a wide and strong rising 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 $167.81 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 50.75% during the next 3 months and, with a 90% probability hold a price between $203.98 and $252.98 at the end of this 3-month period.

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 $155.34 and $133.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, October 04, 2021, and so far it has risen 61.36%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $150.16 and $148.92. There is 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 $150.16. If this is broken, then the next support from accumulated volume will be at $148.92 and $122.28.

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 $6.41 between high and low, or 4.10%. For the last week, the stock has had a daily average volatility of 5.23%.

Our recommended stop-loss: $155.79 (-3.78%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 39 days ago.)

Is Advanced Micro Devices stock A Buy?

Advanced Micro Devices holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.034

Predicted Opening Price for Advanced Micro Devices of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$160.17 $161.91 (Overvalued)
Strong Buy Candidate Upgraded

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Analyst Ratings

On Nov 25, 2021 "Jefferies Financial Group" gave "" rating for AMD. The price target was set to $157.80+5.3%.

Volatility and Risk
Daily Average Volatility: 5.23 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.23 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $161.91
Support: $150.16

AMD Insider Trading Show all Trades

INSIDER POWER

0.665

Last 100 transactions
Buy: 1 469 231 | Sell: 2 209 658 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 12 500 Norrod Forrest Eugene Stock Option Grant
Nov 22, 2021 Sell 7 700 Norrod Forrest Eugene Common Stock
Nov 22, 2021 Sell 13 190 Norrod Forrest Eugene Common Stock
Nov 22, 2021 Sell 4 610 Norrod Forrest Eugene Common Stock
Nov 22, 2021 Buy 12 500 Norrod Forrest Eugene Common Stock
Show all Insider Trades
INSIDER POWER

0.665

Last 100 transactions
Buy: 1 469 231 | Sell: 2 209 658 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 166.58 2.88 %
164.13 1.37 %
162.62 0.44 %
Current price: 161.91
Support 157.72 -2.58 %
156.21 -3.52 %
153.77 -5.03 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 161.91
Support 150.16 -7.26%
148.92 -8.02%
122.28 -24.48%

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About Advanced Micro Devices

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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