Buy Advanced Micro Devices | NASDAQ – AMD | Short Term Trading Advice | Semiconductors Sector | 9th Jul 2024 | Expected Gain 8% – 10%

Stock Market
NASDAQ, United States of America
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Advanced Micro Devices
  • 173 – 177
  • 190 – 194
  • Below 165
  • 8% - 10%
  • 14 - 15 Days
  • Buy Advanced Micro Devices
  • Buy
    Range
    173 – 177
  • Target 190 – 194
  • Stoploss Below 165
  • Upside
    Potential
    8% - 10%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Advanced Micro Devices (NASDAQ: AMD) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • AMD
  • Advanced Micro Device
  • Semiconductors
  • 227.3
  • 93.115
  • NASDAQ code AMD
  • Stock Name Advanced Micro Device
  • Sector Semiconductors
  • 52 Weeks High 227.3
  • 52 Weeks Low 93.115
  • Company profile

    Advanced Micro Devices, Inc., a global leader in semiconductor technology, specializes in cutting-edge x86 microprocessors, graphics processing units (GPUs), embedded processors, and semi-custom system-on-chip (SoC) solutions. With a diverse portfolio that includes microprocessor and SoC development services, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products, AMD caters to a wide range of industries. Serving clients across the Data Center, Client, Gaming, and Embedded segments, AMD collaborates with original equipment manufacturers, design manufacturers, public cloud service providers, system integrators, independent distributors, and add-in-board manufacturers. Headquartered in Santa Clara, California, AMD has been driving innovation since its establishment in 1969.

  • Advanced Micro Devices (NASDAQ: AMD) vs NASDAQ - Relative Strength Comparison

    The image showcases Advanced Micro Devices's 1-year performance relative to NASDAQ.
    Relative Performance - Last 1 Year
    AMD —   NASDAQ —

  • Advanced Micro Devices (NASDAQ: AMD) - Technical Analysis (Daily)

    Advanced Micro Devices - Technical Analysis chart on Daily Price and Volume
    Advanced Micro Devices - Technical Analysis chart on Daily Price and Volume

    • The price was previously consolidating and created a Rounding Bottom pattern.
    • Following the breakout, the price increased significantly and formed a Bullish Pole and Flag pattern.
    • After another breakout, the price reached its all-time high near the 227 level.
    • However, the price experienced a strong rejection and underwent a sharp decline.
    • Ultimately, the price found support near the 142 level and began moving upwards.
    • After a brief consolidation, the price formed a Double Bottom pattern and recently broke out.
    • There is an anticipation that the price may continue to rise from its current level.
  • Advanced Micro Devices (NASDAQ: AMD) - RSI Indicator

    Advanced Micro Devices stock analysis based on RSI Indicator
    Advanced Micro Devices - RSI Indicator

    • Current RSI of this stock is 67.60, which indicates the strength of buyers.

  • Advanced Micro Devices (NASDAQ: AMD) - MACD Indicator

    Advanced Micro Devices stock analysis based on MACD Indicator
    Advanced Micro Devices - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Advanced Micro Devices (NASDAQ: AMD) - EMA Crossover

    Advanced Micro Devices stock analysis based on EMA Crossover
    Advanced Micro Devices - EMA Crossover

    • The short length exponential moving average (10 EMA) has just crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Advanced Micro Devices (NASDAQ: AMD) Stock Price Forcast

    Based on our swing stock trading advice in USA, Advanced Micro Devices stock price target will be USD 190 - USD 194 in the next 14-15 trading sessions.

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