Weaker Buy Today AMD ranks #612 as BUY CANDIDATE #612 Stronger Buy

AMD stock forecast Advanced Micro Devices

AMD stock forecast

Monday October 14, 2019 Change 2.62% Price $30.53
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
Bullish vs. Bearish (30 opinions)
83%
17%
Social Sentiment 0.04

AMD Forecast and Technical Stock Analysis


Buy candidate since 2019-10-14 PDF

Advanced Micro Devices gained 2.62% in the last trading day ( Monday, 14th Oct 2019 ), rising from $29.75 to $30.53 , 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 4.19% from a day low at $29.38 to a day high of $30.61. The price has been going up and down for this period, and there has been a 5.31% gain for the last 2 weeks. Volume fell in the last day by -22.07 million shares and in total, 44.17 million shares bought and sold for approximately $1 348.39 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the AMD stock price was $31.32 and low was $27.43.
  • 90 day high was $35.55 and low was $27.43.
  • 52 week high for Advanced Micro Devices - $35.55 and low - $16.03.
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Trend

Advanced Micro Devices lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $31.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.25% during the next 3 months and, with 90% probability hold a price between $21.64 and $27.32 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $29.04 and $29.94. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 08, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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A buy signal from a double bottom formation was found on Tuesday October 08, 2019 with a target of $29.17. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 59 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

Advanced Micro Devices finds support from accumulated volume at $30.45.

Support: $30.45 Price: $30.53 Resistance: $32.43

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.23 (4.19%) between high and low. For the last week, the stock has had daily average volatility of 3.38%.

Our recommended stop-loss: $29.41 (-3.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

3.38 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, 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 Hold/Accumulate to a Buy Candidate.

Also 83% of user sentiment are positive to the stock. The sentiment is based upon 30 votes on StockTwits.

Weaker Buy Today AMD ranks #612 as BUY CANDIDATE #612 Stronger Buy
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