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* 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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Advanced Micro Devices stock price ended at $190.65 on Monday, after losing 0.215%.
(Updated on Mar 18, 2024)

Buy or Hold candidate since Nov 01, 2023 Gain 76.46% PDF

The Advanced Micro Devices stock price fell by -0.215% on the last day (Monday, 18th Mar 2024) from $191.06 to $190.65. During the last trading day the stock fluctuated 2.90% from a day low at $188.05 to a day high of $193.50. The price has fallen in 6 of the last 10 days and is down by -7.16% for this period. 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 -38 million shares and in total, 57 million shares were bought and sold for approximately $10.88 billion.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $183.63 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 41.74% during the next 3 months and, with a 90% probability hold a price between $260.27 and $310.26 at the end of this 3-month period.

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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 $196.01. On a fall, the stock will find some support from the long-term average at approximately $183.20. 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 Thursday, March 07, 2024, and so far it has fallen -9.81%. 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 for Advanced Micro Devices stock

On the downside, the stock finds support just below today's level from accumulated volume at $174.23 and $167.69. 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 $174.23. If this is broken, then the next support from accumulated volume will be at $167.69 and $162.67.

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 $5.45 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 4.51%.

Our recommended stop-loss: $179.55 (-5.82%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (AMD) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Advanced Micro Devices to open at $190.73, and during the day (based on 14 day Average True Range), to move between $181.52 and $199.78, which gives a possible trading interval of +/-$9.13 (+/-4.79%) up or down from last closing price. If Advanced Micro Devices takes out the full calculated possible swing range there will be an estimated 9.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $192.53 (0.99%) than the support at $174.23 (8.61%), 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?

Several short-term signals, along with a general good trend, 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.

Current score: 2.926 Buy Candidate Unchanged

Predicted Opening Price for Advanced Micro Devices of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$190.73 ( 0.0437%) $190.65

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 196.18 2.90 %
R2 194.10 1.81 %
R1 192.82 1.14 %
Current price: 190.65
Support S1 188.65 -1.05 %
S2 187.37 -1.72 %
S3 185.28 -2.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 207.39 8.78 %
R2 202.64 6.29 %
R1 192.53 0.99 %
Current price 190.65
Support S1 174.23 -8.61%
S2 167.69 -12.04%
S3 162.67 -14.68%

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?
Several short-term signals, along with a general good trend, 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.

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 2024-03-18, the price of an Advanced Micro Devices (AMD) share was $190.65.

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 $81.02.

What is the market capitalization of Advanced Micro Devices Stock?
As of the 2024-03-18, the market capitalization of Advanced Micro Devices is 308.05B.

When is the next earnings date for Advanced Micro Devices?
The upcoming earnings date for Advanced Micro Devices is May 07, 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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