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 PDF
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|
Remember To Visit Our YouTube Channel
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.
Daily Average Volatility
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 95.000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.