Advanced Micro Devices Stock Forecast
Green day on Thursday for Advanced Micro Devices stock after gaining 1.33%
(Updated on Apr 25, 2024)
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $145.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.56% during the next 3 months and, with a 90% probability hold a price between $134.56 and $187.01 at the end of this 3-month period.
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AMD Signals & Forecast
There are mixed signals in the stock today. The Advanced Micro Devices stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $175.03. On a fall, the stock will find some support from the short-term average at $151.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.86%. Further rise is indicated 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.
Support, Risk & Stop-loss for Advanced Micro Devices stock
Advanced Micro Devices finds support from accumulated volume at $152.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the 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 $8.39 between high and low, or 5.72%. For the last week, the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMD) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Advanced Micro Devices to open at $151.88, and during the day (based on 14 day Average True Range), to move between $146.46 and $161.06, which gives a possible trading interval of +/-$7.30 (+/-4.75%) up or down from last closing price. If Advanced Micro Devices takes out the full calculated possible swing range there will be an estimated 9.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $152.27 (0.97%) than the resistance at $167.69 (9.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advanced Micro Devices stock A Buy?
Advanced Micro Devices holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.434 Sell Candidate Unchanged
Predicted Opening Price for Advanced Micro Devices of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$151.88 ( 1.22%) | $153.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 160.27 | 4.24 % | |
R2 | 157.07 | 2.15 % | ||
R1 | 155.09 | 0.86 % | ||
Current price: | 153.76 | |||
Support | S1 | 148.68 | -3.30 % | |
S2 | 146.70 | -4.59 % | ||
S3 | 143.49 | -6.68 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 178.70 | 16.22 % | |
R2 | 172.06 | 11.90 % | ||
R1 | 167.69 | 9.06 % | ||
Current price | 153.76 | |||
Support | S1 | 152.27 | -0.97% | |
S2 | 148.64 | -3.33% | ||
S3 | 146.64 | -4.63% |
AMD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 1995 | Apr 28, 1995 | May 24, 1995 | $0.0050 | 0.0287% |
2 | Apr 18, 1995 | Apr 27, 1995 | May 24, 1995 | $0.0050 | 0.0287% |
FAQ
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