AMD trade ideas
AMD Advanced Micro Devices Options Ahead of EarningsIf you haven`t bought AMD before the previous earnings:
Now analyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $6.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMD Technical Analysis on Oct. 29, 20241. Trend Analysis and Chart Patterns:
Ascending Trendline Support: AMD is showing an uptrend with higher lows, as indicated by the ascending trendline. This trendline can act as support, and a break below could signal a potential shift in trend.
Bullish Momentum: AMD has recently broken above a previous consolidation, which can indicate bullish momentum if it holds above the breakout level.
2. Support and Resistance Levels:
Immediate Resistance Levels:
161.31 - 163.00: AMD is close to this resistance zone, where selling pressure might emerge. If it breaks above 163, it could indicate continued bullish strength.
Support Levels:
158.28: This level aligns with recent consolidation and might act as short-term support if AMD retraces.
152.33: A significant support level from a previous pivot low, marking a potential reversal point in case of a deeper pullback.
150.55: Key support below, where buyers may step in if AMD sees a sharp decline.
3. MACD and Volume Analysis:
MACD: Slight bearish crossover, indicating weakening momentum. If MACD remains below the signal line, it may indicate a pullback or consolidation phase.
Volume: Recent volume spikes on upward moves suggest strong buying interest. Lower volume on pullbacks would support a continuation of the uptrend.
4. Trading Strategy:
Scalping Opportunities:
Long Entry: Consider going long around 158.28 if it shows a bounce, with a target towards 161.31 and beyond.
Short Entry: If AMD breaks below 158.28 with strong volume, a short position could target 155.78 or lower.
Swing Trading Strategy:
Bullish Scenario: A break above 161.31 with strong volume could indicate an opportunity to swing trade to 163 or higher. Look for confirmation with a higher low forming above 158.28.
Bearish Scenario: A break below the ascending trendline and 152.33 may suggest a short-term bearish trend reversal. In this case, 150.55 would be a possible target.
5. Key Levels Summary:
Support Zones: 158.28, 155.78, 152.33, 150.55
Resistance Zones: 161.31, 163.00
6. Expected Direction and Price Action Today:
Open: Expect AMD to test 161.31 at open. If it fails to break this resistance, it may pull back to test support levels around 158.28.
During the Day: If 158.28 holds as support, AMD could see a bounce and consolidate around 161.31. If this level breaks, expect it to test 163.
Close: Likely bullish close if it holds above 161.31, but bearish sentiment could emerge if it fails to break this level and dips below 158.28.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. Conduct thorough research or consult a financial advisor before making trading decisions.
AMD correction done. TIME TO RISE! Huge bargain deal.AMD went on a good correction phase after touching a recent peak at 220 area following the market's long term trim action. Profit takers has swept the market even the top guns with the likes of NVDA, TSLA, AMZN, AAPL.
Based on recent data, it looks like the market's correction has more-or-less come to an end -- and net positioning for most blue chip stocks has already commenced.
AMD is one stock which you can't dismissed it's price growth potential after that huge discount drop. You know it's a bargain when a growth company gives it to you -- and not just a growth company, a major chipmaker / tech giant which the world can't live without. with the advent of AI and modern tech revolutions, AMD is one stock you can bet in the next 50-100 years.
Based on recent daily data, we are currently bouncing off a major order block support at 150.0 area -- and a significant shift has been spotted. More series of ascending action is expected from this range -- with a possible breakout of its recent peak at 220 this year.
This one, I won't doubt.
Spotted at 150.0
TAYOR.
AMD eyes on $172 above and $154 below: Key zones after dud eventAMD live event was apparently a dud.
Was at resistance already, so easy drop.
Green support zone below is a Must-Hold.
$ 163.30 - 163.55 is minor support that looks burnt.
$ 151.42 - 154.86 is crucial zone with strong bottom.
$ 171.10 - 174.28 is key resistance with strong middle.
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AMD earnings call.Following Tesla positive earnings call on Friday and based of my chart analysis , I’m pretty bulish on AMD and my price target for this is 186..
Always remember to do your research and this is not financial advice .
AMDHello community,
Daily chart in log.
The channel is bullish, but we are below the 200-period simple moving average.
On the chart we see the volume zones, just above the price.
I have indicated the price targets in orange on the chart
Make your opinion, before placing an order.
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$AMD earnings playNASDAQ:AMD Earning on Tue. Could move either side 10-15$. Need to hold Friday low on Monday. I will go Long above 158 level break. Should be careful at 160 level which is recent resistance. If we break above, this could easily hit 168$ level with good earnings. Down side as well if this breaks Friday low can go down to next target (yellow line)
$AMD Falling Wedge Trend ReversalFalling wedge could indicate a strong trend reversal after the strong close on Wednesday.
If we can get a breakout above the wedge resistance it is possible we see a push to $158.35 - $161.34
AMD scenarioToday we are in a distinctly upward trend, we set a high and now we are correcting in a corrective way to the 0.5 areas of the trend (Fibonacci) + to interesting liquidity areas.
In my opinion, we will receive a continuation of declines according to the scenario I drew - in my estimation, the distribution of dividends at the beginning of 2025 will bring in smart money - we will receive a decline into buying and then we will begin to build long-term positions up to an all-time high.
Trade 1: AMD, long, Entry: 158.90, Stop: 156.20, Timeframe: dail*Trade Type:** long
**Ticker:** AMD
**Entry Price:** 158.90
**Stop Loss:** 156.20
**Take Profit 1:** 164.12
**Take Profit 2:** 168.82
**Risk/Reward Ratio:** 1.97
**Timeframe:** daily
**Trading idea only, not financial advice. Any use of this information is solely at the user's own risk.**
Bearish Gartley on AMDWe have a formation of Bearish Gartley complete on NASDAQ:AMD
✅ Target 1 : $151.46
✅ Target 2 : $124.79
⛔ Stop Loss: $177.39
Have a good weekend! 🫡✌️
$AMD - Will it bounce?NASDAQ:AMD I started a position on today's pullback.
The stock checks back to the trendline and lower VWAP, which could provide good support.
There's a risk that it could fall to the $140 area. If that happens, I will be adding more.
Targets are in the chart.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
AMDAMD is in major up trend from 1/2023 make major correction from 3/2024 to 8/2024 it is retesting down trend now
it is great chance with very small stop loss and good profit
short term trader enter 153$ stop loss closing below 147$ first target 158$ second target 171$
long term trader: enter 153$ stop loss close under 140$ target 228$
AMD big move soonAfter a few weeks of falling to the bottom of this ascending channel I believe AMD will see a pivot back to the upside soon!
$AMD breaking out!$AMD. Could fly along with the NVDA flying new highs.
Could possibly fill the gap above.
Levels to manage $AMD while waiting for its MI350 and MI390Copy & Paste from Morgan Stanley's note:
Can MI350 be the Rome of AI? Yes, it's possible. The company's scramble to add AI engineers through two transactions is actually a good sign. While bears see it as an indication of a software ecosystem that is behind the competition, we thought that anyway, and the company making an aggressive push to turn that around quickly rather than accepting an immature position and fixing it a little bit at a time is certainly a positive. AMD executes very well, having never meaningfully missing a product launch target in the Lisa Su era, which we find exceptional. And unlike the initial server ramp, Instinct will benefit from being directly tied to the server CPUs that are becoming dominant in cloud- which gives them leverage to at least build a ubiquitous presence across multiple clouds.
AMD opened the product announcements with the launch of their 5th gen EPYC server processor (Turin), which should build on their leading position with cloud customers. Gen 5 is platform compatible with AMD's zen 4 lineup and will feature two primary product families, one more enterprise focused "scale up" set of 4nm skews and cloud focused "scale out" 3nm versions where the high end 192 core product offers 2.7x performance vs 64 core Emerald Rapids from Intel (launched late last year) on an industry standard integer score benchmark. With AMD highlighting leading performance vs Intel in other areas including ML and AI workloads. Both families of zen 5 utilize a 6mn IO die. Representatives from google cloud, and Oracle Cloud were on stage with positive endorsements for the new products.
Advanced Micro Devices | AMD Team RED is READY
As with any competitor, a quarterly earnings report from a peer can provide great insight into the market. For Advanced Micro Devices, the Q2'23 earnings report from Intel provides great views on the surging demand for AI chips and a rebound in PC demand crucial for AMD
The most immediate signal from Intel beating Q2'23 estimates and guiding up for Q3 is the rebound in PC demand. Most importantly, the inventory correction appears over with OEMs no longer digesting chip inventory.Back in Q3'22, AMD shocked the market by cutting PC revenue estimates by $1 billion. The company quickly went from $2 billion in quarterly CPU sales for PCs to less than $1 billion.
Intel still reported Q2 Client Computing revenue was down 12% YoY to $6.8 billion, but the number was up $1.0 billion sequentially. The chip giant guided up Q3 revenue to $13.4 billion, up $0.5 billion sequentially.In Q1'23, AMD reported that client revenues had fallen further to only $739 million. AMD CPU revenues are now far over $1 billion per quarter below the peak levels providing substantial upside potential when the PC market normalizes.
Intel discussed a mixed picture for their business in the near term due to AI. The chip giant is seeing a wallet share shift from the sever CPU spend towards AI chips.The move is both good and bad for AMD. The company has the MI300 AI GPU chip hitting the market in Q4 providing a strong competitor to the booming demand for the H100 from Nvidia, but the chip isn't out on the market yet.
In the near term, AMD may see some suppressed data center demand while heading into 2024. Ultimately, the company should see upside from AI demand for the MI300 along with the Alveo AI accelerator.On the Q2'23 earnings call, Intel CEO Pat Gelsinger suggested the AI pipeline for 2024 had surged to $1 billion: In my formal remarks, we said we now have over $1 billion of pipeline, 6x in the last quarter.
Going back a few months, Morgan Stanley had estimated the AI potential for AMD was only $400 million with upside potential to $1.2 billion. The Intel forecasts would suggest the AI potential for AMD is far higher next year when the MI300 is in full-scale production.
Nvidia guided up current quarter sales estimates by 50% to over $11 billion. The company suggested data center sales would reach $7+ billion in the quarter.
AMD has only seen data center sales reach $1.3 billion in quarterly sales leaving a huge gap from Nvidia. Even Intel still hit $4.0 billion in data center sales during Q2'23, though the amount is down nearly 20% form 2022 levels due in part to losing market share to AMD.
The big issue for AMD is whether data center sales growth stalls causing a miss to 2H sales targets while booming AI demand ultimately boosts sales starting in Q1'24, or maybe Q4. The chip company peaked at quarterly sales of $6.6 billion back Q2'22 and the current quarterly analyst estimates aren't very aggressive.
A rebound in PC demand to more normalized levels places AMD back at the Q4'23 revenue target of $6.5 billion alone. A PC rebound to normal digestion ($2 billion quarterly run rate) along with higher data center or AI demand leads to vastly higher revenues in 2024.
The current analysts aren't even factoring in much growth in the Q2'24 revenue estimate of $6.76 billion. The amount is just 4% upside from Q2'22 despite potentially surging demand from AMD entering the AI GPU space.
AMD is set to report earrings after the close on August 1. Investors should focus less on the Q2 numbers or even Q3 guidance and focus more on a return to more normalized revenue levels plus the upside from AI.Our view has long held that AMD has the earnings potential of $5 to $6 and the AI opportunity is all upside to this view.
The key investor takeaway is that AMD is still $50 below all time highs while Nvidia has soared over $100 above the late 2021 highs. Investors should use the current weakness in AMD to load up on the stock while leaving some capital to buy any weakness following Q2 earnings due to the potential for near term disappointment leading to long term opportunities.
still a sell to 150 all indicators pointing in one directionWith the channel approaching support and other indicators seeing a continuing pattern to the support line, it may pick back up after 140s.
AMD (Advanced Micro Devices, Inc.) BUY TF D1 TP = 184.94On the D1 chart the trend started on Aug.8 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 184.94
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
AMD LONG TERM TARGETSConsidering that AMD will be the next competitor to NVDA, particularly in the area of servers and mainly with consumers of consoles with integrated artificial intelligence, these are my targets and accumulations for AMD in the long term
Market Position
Data Centers and AI
Financial Performance
Revenue Growth
Profitability
Technology and Innovation
Zen Architecture
Integration of Xilinx
Challenges and Risks
Supply Chain Issues
Competitive Pressure
Economic Factors
Growth Potential
AI and Machine Learning
Cloud Computing and Data Centers
Gaming Industry
AMD on the Weekly has a bullish MACD signal ready to RISE!The weekly MACD for AMD has generated a signal with bullish momentum up
