Weaker Buy Today AMD ranks #160 as BUY CANDIDATE #160 Stronger Buy

AMD stock forecast Advanced Micro Devices

AMD stock forecast

Thursday January 16, 2020 Change 2.52% Price $49.77
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell
Bullish vs. Bearish (528 opinions)
79%
21%
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.

Quick summary:

  • 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.
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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 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.

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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 $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.

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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.

Support: $42.59 Price: $49.77

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 $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

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

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.

Weaker Buy Today AMD ranks #160 as BUY CANDIDATE #160 Stronger Buy
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