Advanced Micro Devices Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
|Cash||1 185.0 mill|
|Loans||1 395.0 mill|
Advanced Micro Devices gained 2.50% in the last trading day, rising from $19.98 to $20.48 The price has risen in 6 of the last 10 days , but is still down by -2.71% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 12.26 million more shares were traded than the day before. In total, 99.85 million shares bought and sold for approximately $2 044.97 million.
Advanced Micro Devices lies the upper part of a very wide and falling trend in the short term, and this will 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 $22.34 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -38.71% during the next 3 months and, with 90% probability hold a price between $6.14 and $13.69 at the end of this period.
Only positive signals in the chart today. Advanced Micro Devices holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $20.86. On a fall, the stock will find some support from the long-term average at approximately $20.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday December 07, 2018, 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 56 and the stock is currently not being overbought or oversold
Support & Resistance
Advanced Micro Devices finds support from accumulated volume at $20.23.
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 $1.31 between high and low, or 6.65%. For the last week, the stock has had a daily average volatility of 7.35%.
Our recommended stoploss: $19.50 (-4.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|AMD $20.48 $0.50(2.50%)|
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