Bullish vs. Bearish (30 opinions)
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.
- 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.
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.
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.
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.
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
Very Low Low Medium High Very High
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.
|AMD $30.53 ($0.78 2.62%)|
AMD is up $0.78 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for AMD based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the AMD analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!