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Advanced Micro Devices Forecast and Stock Analysis
Technical AMD stock analysis for Tuesday June 25, 2019.
Advanced Micro Devices fell by -1.37% in the last day ( Tuesday, 25th Jun 2019 ) from $29.26 to $28.86 During day the stock fluctuated 3.19% from a day low at $28.80 to a day high of $29.72. The price has fallen in 7 of the last 10 days and is down by -10.95% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -3.61 million shares and in total 51.62 million shares bought and sold for approximately $1 489.69 million.
- 30 day high of the AMD stock price was $34.30 and low was $27.06.
- 90 day high was $34.30 and low was $24.55.
- 52 week high for the Advanced Micro Devices - $34.30 and low - $14.74.
Advanced Micro Devices lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $27.65 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.28% during the next 3 months and, with 90% probability hold a price between $31.05 and $38.04 at the end of this period.
There are few to none technical positive signals at the moment. Advanced Micro Devices holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $29.63 and $28.86. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday June 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Advanced Micro Devices finds support from accumulated volume at $27.58.
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 3.19%. For the last week, the stock has had a daily average volatility of 3.61%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
3.61 %Average volatility
Very Low Low Medium High Very High
The Advanced Micro Devices stock holds several negative signals and despite the positive trend we believe Advanced Micro Devices will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
Important: Please note that 76% of user opinions on StockTwits are positive to the stock. The sentiment is based upon 858 votes on StockTwits.
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|AMD $29.26 ($0.16 0.55%)|
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