Weaker Buy Today AMD ranks #402 as BUY CANDIDATE. Stronger Buy
Today AMD ranks #402 as BUY CANDIDATE.

AMD stock Advanced Micro Devices

AMD stock
Advanced Micro Devices

April 24, 2019
Change 1.75%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will AMD stock price go up or down on Thu, 25 Apr 2019?

Advanced Micro Devices Forecast and Stock Analysis

Technical AMD stock analysis for April 24, 2019.

Buy candidate since 2019-04-18 Gain 2.82%
Shorts n/a
Cash n/a
Loans n/a
Beta 3.38
ROA 8.47

Advanced Micro Devices gained 1.75% in the last trading day, rising from $27.97 to $28.46 The price has risen in 6 of the last 10 days and is up by 4.48% 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, 9.90 million more shares were traded than the day before. In total, 51.48 million shares bought and sold for approximately $1 465.07 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the AMD stock was $28.46. This is 1.75% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 3.29% from a day low at $27.93 to a day high of $28.85.

30 day high of the AMD stock price was $29.95 and low was $24.55.
90 day high was $29.95 and low was $19.05.
52 week high for the Advanced Micro Devices - $34.14 and low - $9.56.

Trend

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 27.34% during the next 3 months and, with 90% probability hold a price between $32.41 and $38.87 at the end of this period.

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Signals

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 $27.86 and $26.09. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 15, 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.

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A buy signal from a double bottom formation was found on Monday April 15, 2019 with a target of $28.07. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 45 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $26.00 and $24.41.

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 $26.00. If this is broken, then the next support from accumulated volume will be at $24.41 and $23.09.

Support: $26.00 Price: $28.46 Resistance: $28.98

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 $0.92 between high and low, or 3.29%. For the last week, the stock has had a daily average volatility of 2.94%.

Our recommended stoploss: $26.90 (-5.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today AMD ranks #402 as BUY CANDIDATE. Stronger Buy
Today AMD ranks #402 as BUY CANDIDATE.