Bullish vs. Bearish (1101 opinions)
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AMD Stock Forecast and Technical Analysis
Buy or Hold candidate since 2020-02-03 Gain 10.95% PDF
Advanced Micro Devices fell by -6.97% in the last day ( Friday, 21st Feb 2020 ) from $57.27 to $53.28 and has now fallen 3 days in a row. During the day the stock fluctuated 7.39% from a day low at $52.89 to a day high of $56.80. The price has risen in 8 of the last 10 days and is up by 8.03% over the past 2 weeks. Volume has increased in the last day by 14.55 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 88.24 million shares bought and sold for approximately $4 701.56 million.
AMD Stock Price Summary
- 30 day high of the AMD stock price was $59.27 and low was $46.10.
- 90 day high was $59.27 and low was $37.15.
- 52 week high for Advanced Micro Devices - $59.27 and low - $21.04.
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 39.91% during the next 3 months and, with 90% probability hold a price between $71.29 and $83.20 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday February 19, 2020, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $55.72. On a fall, the stock will find some support from the long-term average at approximately $50.73. 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.
AMD Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 67 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.
AMD Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $49.10 and $47.51.
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 $49.10. If this is broken, then the next support from accumulated volume will be at $47.51 and $42.59.
AMD Stock 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 $3.91 between high and low, or 7.39%. For the last week, the stock has had a daily average volatility of 4.62%.
Our recommended stop-loss: $50.38 (-5.45%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 day(s) ago.)
4.62 %Average volatility
Very Low Low Medium High Very High
AMD Stock Evaluation
Advanced Micro Devices holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate candidate.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 1101 votes on StockTwits.
|AMD $53.28 ($-3.99 -6.97%)|
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