Buy Candidate
Fri 26'th May 2017

PERIOD COVERED
2017-02-27 - 2017-05-26
CHANGE
0.18%
PRICE
$11.00
VOLUME
Sell
TREND
Sell
MV LONG
Sell
MV SHORT
Sell
PIVOT
Buy
MACD
Buy
Request Prediction
0.00%
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Advanced Micro Devices Stock Analysis

Technical stock analysis for Fri 26'th May 2017

Buy candidate since 2017-05-26

Advanced Micro Devices gained 0.18% in the last trading day, rising from USD 10.98 to USD 11.00 , and has now gained 3 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 risen in 6 of the last 10 days , but is still down by -2.31% for this period. Volume fell in the last day by -1.63 million shares, and in total, 31.82 million shares bought and sold for approximately USD 350 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Advanced Micro Devices lies in the middle of a very wide and strong falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.2% during the next 3 months and, with 90% probability hold a price between USD 7.07 and USD 9.50 at the end of this period.

Signals

Advanced Micro Devices holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 11.07 and USD 11.92. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday May 24, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Support & Resistance

Advanced Micro Devices finds support from accumulated volume at USD 10.89, USD 10.39, and USD 10.32. On the upside the stock meets some resistance from accumulated volume at USD 13.49, USD 13.03 and USD 11.20.

Risk

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 USD 0.28 between high and low, or 2.61%. For the last week, the stock has had a daily average volatility of 4.32%.

Our recommended stoploss: USD 10.34 (-6.01%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 2 days ago.)

Evaluation

The stock is within a very wide and strong falling trend and holds several negative signals that may affect the stock in the short-term. However, we believe that today's you should hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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