AMD bullishAMD is testing big zone resistance and also made falling wedge, if it breaks above the zone thats buy opportunity, the next resistance will be 185
AMD trade ideas
AMD broke above the 3-week Bull Flag. Major buy signal!On March 13 (see chart below) we issued a major sell signal on Advanced Micro Devices (AMD), as we saw the stock topping at the top (Higher Highs trend-line) of its 2-year Channel Up:
Our projection was materialized as the price corrected significantly by -37% and has almost reached the 1W MA50 (blue trend-line), which was the level that held, formed the latest Higher Low of the Channel Up and made us give a new long-term buy signal a month ago (while also the 1W RSI reached the symmetrical Support level of the October 2023 bottom (45.50)).
Today the buy sentiment got stronger than ever as AMD not only broke above the 4H MA50 (blue trend-line) but also above the giant Bull Flag pattern that started on the May 28 High. With the 1D MACD about to form a Bullish Cross, a very strong long-term buy signal emerges that call for a new Bullish Leg similar to at least the May 02 - 28 one.
If the prevailing structure is a Channel Up then expect a +23.65% rise, which puts our Target at $190.00 (just below the 1.5 Fibonacci extension).
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AMD: Daily and Weekly Chart Analysis.Daily Chart: Support Levels and Fibonacci Retracement
The daily chart of AMD highlights key support levels and Fibonacci retracement zones. The price recently bounced from a double support level at 153.49, which is both a gap support and a 61.8% Fibonacci retracement of the prior uptrend. This level's resilience suggests a strong buy zone.
The 21-day EMA at 161.47 is acting as a dynamic resistance. If it closes above this level could push the price towards the next resistance at 174.55. The support at 153.49 remains crucial, as a break below this could signal further downside towards 148.00 and 142.00.
Weekly Chart: Ascending Trend Line and Pivot Point
The weekly chart shows AMD trading above a long-term ascending trend line, indicating a sustained bullish trend. The 21-week EMA at 162.06 provides additional support, and it is very close to the 21 EMA on the daily chart, reinforcing the important of a breakout of this key point.
The price has a pivot point of 174.55. Holding above the trend line suggests bullish momentum, with the potential for the price to retest the resistance at 174.55. A break above this level could target the next resistance at 187.00, while a failure to hold above the trend line might lead to a pullback towards the 150.00 level.
Conclusion: Key Levels to Watch for Bullish Continuation
On the daily chart, the double support at 153.49 is critical. The weekly chart's ascending trend line and pivot point at 174.55 will guide the broader trend. Maintaining support above the key levels on both charts will be essential for a continued bullish outlook.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
AMD Investigating Potential Data Breach by Hacking GroupChipmaker AMD is facing a potential data security breach after a hacking group known as IntelBroker claimed to have stolen sensitive information. This information allegedly includes details on upcoming AMD products, customer databases, and internal documents. While leaked screenshots provide some evidence of a compromise, AMD is working with law enforcement to determine the full scope of the breach and mitigate any potential damage.
Investor Jitters and Competitive Risks: The news caused a slight dip in AMD's stock price as investors grappled with the potential consequences. If confirmed, the stolen data could significantly impact AMD's competitive edge, especially if information about future product lines and proprietary technologies is compromised. This wouldn't be the first time AMD has faced such a challenge – the company previously dealt with a data breach in 2022.
Cybersecurity Concerns in the Tech Sector: This incident underscores the escalating threat of cyberattacks within the technology industry. With a reported 78% increase in data breaches from 2022 to 2023, the need for robust cybersecurity strategies and vigilant monitoring is paramount.
Beyond AMD: Broader Implications: The potential breach highlights the far-reaching effects of cyberattacks. Stolen data sold on the dark web can be used for various malicious purposes, impacting not only the targeted company but also its partners, customers, and the entire industry.
Looking Forward: Lessons from the Investigation: As AMD investigates the claims, the outcome will be closely watched not just for its impact on the company's future but also for the broader lessons it offers in the ongoing fight against cybercrime. This incident serves as a stark reminder for all companies to remain proactive and continuously strengthen their cybersecurity defenses against increasingly sophisticated threats.
Support Line Based on the analysis, Support Line 1 has a potential for further decline and may reach Support Lines 2 and 3.
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
AMD BearishNASDAQ:AMD
Negative news on AMD further damage the stock price, pushed it through key support level and closed at 154.63 as of June 18th 2024.
Looking to enter a long vertical put strategy: Buy to Open 1 AMD Aug 16, 2024 155/135 Put Vertical @ $775.00
This is a bearish strategy with limited risk of $775.00 and limited potential reward of $1,225.00.
This strategy will profit if the stock closes below $147.25 by Aug 16, 2024.
There is a 42.43% probability this will happen.
AMD: Survival ModeWill AMD be able to recover from this down-move? With Ichimoku crossing bearish and a lower high being placed, there is a high chance of the trend shifting bearish. With NVDIA booming and the tech sector on fire can AMD recover and start a new bullish move? Personally I'm waiting to see if we can gain some strength here as this area has served as support previously
AMD starting to form a head & shoulders pattern on 4H timeframeAMD starting to form what looks like a head and shoulders pattern on a 4H timeframe. Might want to hedge your Long positions for now. This analysis is for informational purposes only.
AMD to $10 - bearish divergenceOn the above 2-month chart price action has appreciated 8500% since September 2015. A number of reasons now exist to be bearish. Side note: Timing the market tops or bottoms is not my forte. Instead, these large time frame ideas are an attempt to measure the probability of continued trend versus risk.
Why bearish?
1) The ‘incredible sell’ signal prints. On a 2-month chart! This is a bubble. A large bubble. In fact, if you got a moment, it's a twelve-storey bubble with a magnificent entrance hall, carpeting throughout, 24-hour portage, and an enormous sign on the roof, saying 'This Is a Large bubble’. A large bubble requires a large plan.
2) Regular bearish divergence. A number of oscillators are printing bearish divergence with the recent higher high in price action.
3) The upper trend line resistance. Pay attention to this one, look left. Only twice before has price action reacted so strongly to this resistance, once in 84 and again in 2000. Will this time be different? It’s a heck of risk to take!
4) Stochastic RSI tests 40 and rejects. (Purple circles). Look left, the last time this happened a 80% correction followed.
Why $10? Well that’s going back to point 3. On the previous two occasions price action confirmed resistance. A correction to the Fibonacci 0.618 golden ratio was then observed. The ratio currently prints around $10.
Is it possible price action moves higher? For sure. Who knows where the top is.
Is it probable? No. The probability of continued upside is now <10% versus a high risk of downside.
Good luck!
Ww
Looking for a bullish possibility on AMD soon.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Advanced Micro Fails to AdvanceMany chip stocks have surged on AI hopes recently, but Advanced Micro Devices has been notably absent.
The first patterns on today’s chart are weekly lows around $161.81 and $172.49. AMD has been stuck between these levels for the past month. In the process, it’s formed a range below its March peak. Will this mark a new top?
Second, prices have been unable to break above the falling 50-day simple moving average. The 8-day exponential moving average (EMA) has also slipped back under the 21-day EMA. Those events may reflect weakening intermediate and short-term trends.
Third, MACD has turned negative.
The weekly chart may have further signals. The bounce in May stalled at a 50 percent retracement of the drop in March and April. AMD also failed to hold a breakout above its 2021 peak. That could make buyers mull the possibility of an even deeper pullback toward the June 2023 high of $132.82.
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AMD - Trading opportunity is almost there!Hello Traders and Investors, today I will take a look at AMD .
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Explanation of my video analysis:
The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally.
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Keep your long term vision,
Philip (BasicTrading)
The limits of silicon have been reachedNASDAQ:AMD
The limits of silicon have been reached, and computing machines have hit their maximum potential for many decades. There have been no real achievements since 1984; that was the year when the ceiling was reached. The supposed development has ended. Ray tracing and all sorts of AI crap based on thrice-recycled garbage are no longer suitable for consumption.
Advancements in computing technology have stalled, and innovation seems to have plateaued. Despite the hype around new technologies like AI and ray tracing, these developments rely on rehashed concepts and fail to deliver groundbreaking results. The industry needs a fundamental shift to overcome these limitations and achieve true progress.
AMD CALL Bought AMD Call
Strike $180
Expiry 14 Jun
Entry $2.50
Expecting AMD to reach
1st Target $184
2nd Target $193
Analysis as below:
Weekly TF:
1. Uptrend -- Above SMA200
Day TF:
1. Structure -- Inverse Head and shoulder (broke out of neckline, now retesting)
2. RSI -- bullish divergence
4hr TF:
1. MA -- Price closed above EMA 25 (blue)
2. Fib R -- Price closed above 0.618 Fib R aka $158 (uptrend in tact)
3. Confirmation candle -- printed green body candle after bouncing off EMA 25 and 0.618.
4. RSI -- not overbought yet/no bearish divergence (More room for upside)
Remarks:
Price is currently testing the resistance of SMA100(purple) for the 5th time.
The frequency of price testing to break SMA100 becoming shorter (Weaker selling pressure)
If price is able to close above SMA50(green) and SMA100(purple), expect AMD to rally in no time.
AMD on 1hr Pullback to $163 or lowerJust verified from past trends but looking from May 17th and May 21st specifically to today, on 6/7 Friday we’re due for a pullback. 📉🔥
My projected pullback Targets are:
To $165 to 163.05 then to 162.33 as long as there is no crazy news catalyst.
At $165 you might see some chop which was normal from past trends.
If targets hit and drop to the downside: my next targets is $160.30 🔥
Happy Trading! 🤝Just my thoughts. 👸🏻
(Please note VWAP is currently: $166.77)
AMD Bullish in short-termI feel AMD has been punished unnecessarily. There is a Yearly MACD turning to Green around earning time. I am riding myself on 23 October Calls. Worst, I may double up if it retests 130.
AMD: Buy ideaBuy idea on AMD as you see on the chart because we have the breakout with force the vwap and the resistance line!
AMD - Shuffling the Deck
AMD Technological Innovation:
AMD's continuous advancements in CPU and GPU technology, including their Ryzen processors and Radeon graphics cards, are critical. Staying ahead in performance, efficiency, and new architectures like Zen and RDNA ensures competitiveness.
Product Portfolio:
A diverse product lineup covering consumer, professional, and enterprise markets helps AMD address various segments and reduces reliance on any single market.
Market Position:
AMD's competitive positioning against major rivals like Intel and NVIDIA. Their ability to capture market share in the CPU and GPU markets is vital for long-term growth.
Strategic Partnerships:
Collaborations with other tech giants (e.g., Microsoft, Sony for gaming consoles) and key partnerships in data centers (with companies like Google Cloud and Amazon Web Services) enhance AMD's market reach and application of its technology.
Financial Health:
Strong financial performance, including revenue growth, profitability, and solid balance sheets, allows AMD to invest in R&D and weather economic fluctuations.
Research and Development (R&D):
Significant investment in R&D to drive innovation and develop next-generation technologies. R&D is essential for maintaining a competitive edge in the rapidly evolving tech industry.
Supply Chain Management:
Efficient and resilient supply chain operations are crucial for meeting market demand, especially amid global semiconductor shortages and logistical challenges.
Leadership and Management:
Effective leadership and a visionary management team, led by CEO Lisa Su, have been pivotal in AMD's turnaround and strategic direction.
Customer and Market Relationships:
Strong relationships with OEMs (Original Equipment Manufacturers), channel partners, and end customers help AMD secure sales channels and foster brand loyalty.
Sustainability and Corporate Responsibility:
Commitment to environmental sustainability, ethical business practices, and social responsibility can enhance AMD's brand image and align with the increasing emphasis on ESG (Environmental, Social, Governance) factors in the market.
Focusing on these aspects allows AMD to leverage its strengths, mitigate risks, and continue its trajectory as a leading player in the semiconductor industry.
Over the past six weeks, AMD has been prominent in the news for several key developments:
Next-Gen Processors: AMD announced the Ryzen 8000 series processors for both desktop and laptop markets. These include the Ryzen 8000G series, designed for high-performance gaming and content creation, and the Ryzen 8040 series laptops, which are integrated with advanced AI capabilities through AMD's XDNA technology (AMD) (TechRadar).
AI Integration: The Ryzen 8040 series processors, particularly notable for their AI-enhanced performance, were showcased. This integration aims to improve efficiency and capabilities for both consumer and enterprise applications, emphasizing local AI processing without relying on cloud computing (TechRadar).
Strategic Partnerships: AMD has strengthened collaborations with major OEMs like Acer, ASUS, and Lenovo, who are incorporating the new Ryzen 8040 series into their latest laptop models. These partnerships highlight AMD's push into the AI and high-performance computing markets (AMD) (Tom's Hardware).
Zen 5 and Navi 3.5 Graphics: AMD confirmed that the upcoming Ryzen 8000 series desktop processors will feature Zen 5 CPU cores and Navi 3.5 graphics. This announcement indicates significant improvements in processing power and energy efficiency, continuing AMD's competitive edge in the CPU market (Tom's Hardware).
Market Performance and Competitiveness: AMD's new releases are positioned to compete directly with Intel's latest offerings. The flagship Ryzen 8040 laptop processors are expected to outperform Intel’s current high-end models in several key areas, including AI workload performance (TechRadar).
These developments underscore AMD's commitment to innovation in processor technology, particularly with a focus on AI and gaming. The company's strategic direction appears to be setting the stage for continued growth and competitiveness in the semiconductor industry.
Based on the current market evaluation and recent performance, the six-month price expectation for AMD (Advanced Micro Devices) is generally positive, though it comes with some variability.
Analyst Consensus and Price Targets:
The average 12-month price target for AMD from analysts is around $192.45, suggesting a potential upside of approximately 20.3% from its current price of about $160 (Stock Analysis) (MarketBeat).
The price targets range from a low of $145 to a high of $265, indicating a wide range of expectations reflecting different market scenarios (Stock Analysis).
Recent Performance and Key Factors:
AMD has been performing well recently, driven by its advancements in AI and data center technologies, despite some underperformance in its gaming segment (Techopedia) (MarketBeat).
The company's tie-up with Microsoft to offer AI chips in the cloud is seen as a positive move, potentially driving future growth (Techopedia).
AMD's competitive position against Nvidia remains a focal point, especially in the AI GPU market. While AMD is making strides, it is still playing catch-up to Nvidia in this space (Techopedia).
Market Conditions and Expectations:
Analysts remain optimistic about AMD's prospects, with a majority rating it as a "strong buy." This optimism is supported by the company's strong financial health, low debt levels, and promising revenue growth forecasts (Stock Analysis) (MarketBeat).
However, the stock's high valuation metrics, such as its price-to-earnings ratio, suggest it may be overvalued, which could introduce some risk if the company does not meet growth expectations (MarketBeat).
Considering these factors, if AMD continues to capitalize on its strengths in AI and data centers while managing its weaknesses in gaming and supply chain challenges, the stock could see substantial growth over the next six months. However, market volatility and competitive pressures remain key risks to monitor.
For AMD specifically, its stock has experienced significant volatility and strong growth over the past year, driven by robust advancements in AI and other technologies. Given AMD’s recent performance, including a 114% rise in 2023, the expectation for its stock price over the next six months appears positive, although it might not reach the same high growth rates seen previously. Analysts predict a more modest increase, potentially in the range of 20-30% by the end of 2024, assuming continued strong performance in AI and other strategic areas (markets.businessinsider.com).
AMD faces competition from several key companies across its various markets:
Intel:
Intel is AMD's primary competitor in the CPU market. Both companies produce processors for desktops, laptops, and data centers, with Intel historically dominating the market. However, AMD has been gaining market share with its Ryzen and EPYC processors .
NVIDIA:
In the GPU market, NVIDIA is AMD's main competitor. NVIDIA's GeForce and Quadro GPUs compete directly with AMD's Radeon and Radeon Pro GPUs. NVIDIA also has a strong presence in the AI and data center markets with its GPUs .
Apple:
Apple, with its custom-designed M1 and M2 series chips, has emerged as a competitor in the laptop and desktop markets. These chips are highly integrated and efficient, posing a challenge to both AMD and Intel in the high-performance computing segment .
Qualcomm:
Qualcomm competes with AMD in the mobile and embedded processor markets. Qualcomm's Snapdragon processors are widely used in smartphones and tablets, where AMD has a smaller presence .
ARM Holdings:
ARM Holdings provides processor designs that are licensed by other companies like Apple, Qualcomm, and Samsung. ARM-based processors are prevalent in mobile devices and are increasingly being used in servers and PCs, creating indirect competition for AMD .
Samsung:
Samsung produces Exynos processors for its smartphones and is also involved in GPU development. Samsung's efforts in high-performance computing and AI could present future competition for AMD .
Microsoft:
Microsoft, with its custom Azure Sphere chips, is entering the market for specialized processors used in IoT and edge computing, potentially competing with AMD in these areas .
These companies represent the primary competitive landscape for AMD, each posing different challenges across various market segments.
To give you a better perspective of the Ai market space, MSFT, GOOG, AMAZ, own 65% of cloud computing Services. NVDA with 92% dominates the world market for data Centre GPU's or Accelerators and AMD only has 4% of that market share. The other 4% is spread amongst several other companies. ASML makes the machines that make the chips and TSMC makes the chips for NVDA. GPU's are the main kind of processor for Generative Ai applications such as ChatGPT. Also Intel has 70% of the market for CPU's. Now the most important piece of the puzzle is that the Global Ai Intelligence market will grow approximately 15X over the next 10 years. So even though AMD's main competitor is NVDA, AMD is well positioned in areas not tied into NVDA that will allow them to expand in other areas as per their strategic partnerships, but moreover their primary market segment is second tier compared to much of NVDA so they could potentially grow their market share from it's current 4% to 10 or even 12% as not everyone will require the super sophistication and degree of chips and GPU's that NVDA produces but would rather have the specialized computer processors and technologies that AMD can provide. To summarize their future is bright but in their short term there is a likely pull back. AMD has nearly 1.61B shares in their float with a market capitalization of $258.6 B and a P/E ratio of 238.90. Relative to their peers AMD's P/E is 4 times greater than NVDA and 6 times greater than Intel. Personally I suspect there could be a short term rise yet to around $167 however the chart on the long term is breaking down and with the recent quarterly financials that were actually mediocre at best there is potential for the stock price to drop some more in the near term.
AMD is forming a Bear flag on a 15m timeframeAMD is forming a Bear flag on a 15m timeframe. Go Short. This analysis is for informational purposes only.
watching for an explosive break past my long trigger 🚀🟢 boost and follow for more! ❤️🔥 AMD is breaking a local trend resistance but I wouldn't say it's time for parabolic rally just yet...
we are still below an extreme trend support and long trigger, once we can reclaim those then 200-220 and maybe even higher will come and fast!
AMD Cup and handle formation, Go LongAfter a 2 month correction, AMD bounced off EMA9 on a monthly timeframe forming a cup and handle pattern. Go Long.
AMD: Buy ideaHello everyone! This morning on AMD we have an attempt to break the vwap indicator and the resistance line as we can see on the chart. If this is done, it goes without saying that we would have a high probability of seeing the market go up.Thanks!
AMD will be bullishA great status with monthly FRACTAL confirmation ...
My first target is $280 and the rest will be History ...
