Bullish vs. Bearish (528 opinions)
Social Sentiment 0.08
AMD Forecast and Technical Stock Analysis
Buy candidate since 2020-01-03 Gain 2.41% PDF
Advanced Micro Devices gained 2.52% in the last trading day ( Thursday, 16th Jan 2020 ), rising from $48.55 to $49.77 , 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. During the day the stock fluctuated 2.69% from a day low at $48.99 to a day high of $50.31. The price has fallen in 6 of the last 10 days , but is still up by 1.36% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 18.02 million more shares were traded than the day before. In total, 57.76 million shares bought and sold for approximately $2 874.70 million.
- 30 day high of the AMD stock price was $50.31 and low was $42.15.
- 90 day high was $50.31 and low was $30.29.
- 52 week high for Advanced Micro Devices - $50.31 and low - $19.02.
Advanced Micro Devices lies in the middle of a 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 52.65% during the next 3 months and, with 90% probability hold a price between $71.07 and $80.49 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 $48.61 and $44.03. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 08, 2020, 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 65 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $42.59 and $41.29.
There is 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 $42.59. If this is broken, then the next support from accumulated volume will be at $41.29 and $39.52.
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 $1.32 between high and low, or 2.69%. For the last week, the stock has had a daily average volatility of 2.20%.
Our recommended stop-loss: $47.22 (-5.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
2.20 %Average volatility
Very Low Low Medium High Very High
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. We have upgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate candidate.
Also 79% of user sentiment are positive to the stock. The sentiment is based upon 454 votes on StockTwits.
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 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.