Advanced Micro Devices Forecast and Stock Analysis
Technical AMD stock analysis for February 15, 2019.
Advanced Micro Devices gained 2.38% in the last trading day, rising from $23.13 to $23.68 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -3.39% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 14.56 million more shares were traded than the day before. In total, 77.53 million shares bought and sold for approximately $1 835.91 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the AMD stock was $23.68. This is 2.38% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 3.66% from a day low at $23.20 to a day high of $24.05.
30 day high of the AMD stock price was $25.14 and low was $19.02.
90 day high was $25.14 and low was $16.03.
52 week high for the Advanced Micro Devices - $34.14 and low - $9.04.
Advanced Micro Devices lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.44% during the next 3 months and, with 90% probability hold a price between $21.35 and $30.32 at the end of this period.
Only positive signals in the chart today. Advanced Micro Devices holds buy signals from both short- and long-term moving averages. In addition, 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 $23.02 and $21.06. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 68 and the stock is currently not being overbought or oversold
Support & Resistance
Advanced Micro Devices finds support from accumulated volume at $23.09.
This stock may move much during a 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 $0.85 between high and low, or 3.66%. For the last week, the stock has had a daily average volatility of 3.15%.
Our recommended stoploss: $22.43 (-5.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
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Evaluation: Strong Buy Candidate
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.