AMD - Advanced Micro Devices

Industry: Semiconductor - Broad Line Sector: Technology Exchange: NYSE

AMD - Advanced Micro Devices

Industry: Semiconductor - Broad Line Sector: Technology Exchange: NYSE
#1420()/7029

Tue 31'st Jul 2018

PERIOD 2018-05-02 - 2018-07-31
CHANGE -5.61%
PRICE $18.33
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

0.00%

Advanced Micro Devices Stock Analysis

Technical stock analysis for Tue 31'st Jul 2018

Buy candidate since 2018-07-26 Loss -0.11%
Shorts 2.51% ( 2018-07-13 )
Cash 2 064.0 mill
Loans 2 821.0 mill
Beta 3.07
ROA 8.81

Advanced Micro Devices fell by -5.61% in the last day from $19.42 to $18.33 The price has fallen in 6 of the last 10 days, but is still up by 8.65% over the past 2 weeks. 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 -42.17 million shares and in total 118.08 million shares bought and sold for approximately $2 164.42 million.

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 45.2% during the next 3 months and, with 90% probability hold a price between $23.89 and $29.25 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

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 $17.71 and $16.40. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday July 30, 2018, 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.

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Relative Strength Index (RSI)

RSI14 is 65 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $17.11 and $16.25.

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 $17.11. If this is broken, then the next support from accumulated volume will be at $16.25 and $14.85.

Support: $17.11 Price: $18.33 Resistance: $18.35

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 $1.23 between high and low, or 6.73%. For the last week, the stock has had a daily average volatility of 6.74%.

Our recommended stoploss: $17.14 (-6.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate

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