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AMD trade ideas

AMD: Start selling. Top this or the next week.Advanced Micro Devices is excessively overbought both on the 1W (RSI = 82.711) as well as on the 1D (RSI = 74.269, MACD = 10.910, ADX = 31.889) timeframe. Since the October 23 2023 Low, which was a 1W MA50 HL of the long term Channel Up, the stock price has risen by almost +130%. The previous HL-to-HH Bullish Leg made a +143.89% rise. We are very close to that level, so we expect the stock to price its new top this week or the next. In addition, the 1W CCI has been trading sideways but above the overbought limit since November, similar pattern as the sequence that led to the June 2023 peak. It is worth to start selling now, targeting close to the S1 level (TP = 165.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMDShort
by InvestingScope
1
AMD - This Is Not The EndAfter significant price increases in recent months, the AMD share has entered a consolidation phase. The first investors are now beginning to realize their profits. Is this the end of the rally for AMD? No, we don't think so. In the short term, we expect a pullback to the $165 area. We intend to wait for this pullback to optimize our risk/reward ratio to enter a long position in AMD shares. We currently see potential for a price of up to $205 per share.
NASDAQ:AMDLong
by Ochlokrat
2
AMD is no NVDA don't fall into the hype! AMD vs. NVDA: When looking at these two stocks it's clear that NVDA is the clear winner and will maintain its pricing power over alternatives. NVDA's Gross margin (75.97%) is +35.57% that of AMD (40.4%). Although AMD has a low price to sales ratio this is likely due to them having a "Walmart sales model". High volume, low margin. This is illustrated further when looking at both companies price to cash flow ratio. Despite recent surges in NVDA stock price this has been trending lower for NVDA and higher for AMD. Most recent price to cash flow ratios: NVDA (54.1) and AMD (188.14). This helps visualize how much investors are paying for each company to generate cash flow. I don't know about you but I am not willing to get in at these levels and although it is very risky I'm tempted to buy some puts against AMD. Yes they have excellent management and a large economic moat, it does not compare to that of NVDA and it should not be benefiting as greatly as it has recently by NVDA's recent performance. AMD is now approaching the top of a channel that has been strong resistance for higher moves. It seems like everyone in the market is un NASDAQ:AMD NASDAQ:AMD NASDAQ:AMD der the impression nothing ever falls. Although it would be bold and extremely risky to buy puts on any AI stock I believe it to be the correct one. Curious to hear others opinions. AMD: www.tradingview.com NVDA: www.tradingview.com
NASDAQ:AMDShort
by Average_Joe_Options
AMD: When will it End?For AMD, we've continued to see this rise since our last analysis, partly due to very positive news in the market about chips, indicating that chips look very promising in the near future, as expected. AMD rose by 9% yesterday, and pre-market, it's already opening up by 3% higher. We believe that the 161% mark will be reached quite quickly. This Wave (3) could potentially be much larger than the 227.2% mark, yet we think that this range will be a good point for the next correction to occur. However, we should quickly reach this level of $216. It's important to remember that, on a larger scale, we are also in Wave III, which should be positioned significantly higher compared to the subordinate Wave (3), which lies between $216 and can reach up to $368 maximum. That would be quite impressive, but realistically, it's likely to be between $216 and $266.
NASDAQ:AMDLong
by stromm_by_wmc
AMD's Meteoric Rise: Pioneering AI RevolutionAdvanced Micro Devices Inc. ( NASDAQ:AMD ) continues its meteoric ascent, with shares surging to new record highs, propelled by the chipmaker's pivotal role in the artificial intelligence (AI) revolution. As NASDAQ:AMD 's market capitalization surpasses the $300 billion mark for the first time, investors are bullish on the company's prospects in the burgeoning AI market and its ability to outperform competitors. The chipmaker's stellar performance in recent months reflects its status as a primary beneficiary of the AI boom, with demand for AI processors driving significant revenue growth and market expansion. Optimism surrounding NASDAQ:AMD 's new AI processors has fueled investor confidence, leading to a remarkable recovery from earlier setbacks and a surge in stock valuation. Analysts at Citigroup Inc. underscore the bullish sentiment surrounding semiconductor stocks, particularly in light of the expanding AI market. NASDAQ:AMD stands out as a favored pick alongside industry giants like Nvidia Corp. and Broadcom Inc., highlighting its pivotal role in driving innovation and delivering cutting-edge solutions to meet evolving market demands. However, despite NASDAQ:AMD 's impressive growth trajectory, concerns linger about its valuation, with shares trading at a premium compared to industry leader Nvidia. While the stock commands a higher multiple of nearly 50 times estimated earnings, analysts remain broadly positive, with the majority recommending buying NASDAQ:AMD shares. With the semiconductor industry poised for continued growth and innovation, AMD's leadership in AI-driven technologies positions it for sustained success and market dominance. As businesses and organizations across various sectors increasingly adopt AI solutions, the demand for high-performance chips is expected to soar, further fueling NASDAQ:AMD 's growth trajectory. While NASDAQ:AMD 's stock may appear richly valued relative to its peers, the company's strong fundamentals, technological innovation, and strategic positioning justify investor optimism. With shares trading just below the average price target, there remains potential for additional upside, signaling continued momentum and growth prospects in the foreseeable future. In conclusion, NASDAQ:AMD 's remarkable journey to new record highs underscores its leadership in the semiconductor industry and its pivotal role in driving the AI revolution. As the company continues to innovate and capitalize on emerging market trends, investors can expect NASDAQ:AMD to remain at the forefront of technological advancement and deliver long-term value creation in the dynamic semiconductor landscape.
NASDAQ:AMDLong
by DEXWireNews
AMD Short Trade Opportunity - Very Overbought in a Greedy MarketNASDAQ:AMD is currently above a resistance level, and I think the price is very overbought here. There is still some bullishness short-term, but shorts have been getting wrecked and I wouldn't FOMO here. Maybe there could be a short trade setup once AMD stops trending up. I like the current price levels for shorting. I believe semiconductor chip stocks have been extremely bullish, and I haven't wanted to be against them. However, they seem very overvalued at current prices, and I think the market could get a pullback soon. I think the AMD stock price and RSI will need a correction within the next few weeks. The correction could put AMD around $140 price levels.
NASDAQ:AMDShort
by realchartchamp
AMD Double Top formed. Time to pull-back?Advanced Micro Devices (AMD) has been rising non-stop before February, and gave our last solid buy on our December 12 2023 analysis (see chart below): Since then, it formed a High (Higher High for the 1.5 year Channel Up) on January 25 2024 and Resistance 1. On Friday it touched this level again, which is so far a technical Double Top formation. As long as it holds, we expect the 1D MA50 (blue trend-line) to break for the first time in 4 months (since November 01 2023) and approach the 1D MA100 (green trend-line). On top of that, the 1D RSI is on Lower Highs that broke below the Higher Lows which has been the Sell Signal during the previous three occurrences. Our target is a minimum of -19.38% decline such as on the June 26 2023 Low. If the 1D MA100 breaks, we will open another one to target the 1D MA200 (orange trend-line) and 0.382 Fibonacci Channel level at 130.00, which will represent a -29.77% drop, being the total decline on the October 26 2023 Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDShort
by TradingShot
2
AMD Stock Analysis: Testing Resistance and Potential MovementsAMD stock appears to have lacked strong upward momentum as it couldn't close above the red signal on the daily chart. If the daily chart closes below the red signal again, the initial reaction area could be the Kaufman Moving Average at 167.15. On daily closings above the red signal, it may experience some bounce from the middle band of the channel; however, a daily close above the channel might indicate a potential upward momentum. WARNING: THIS ANALYSIS IS NOT INVESTMENT ADVICE. CONSIDER YOUR RISK TOLERANCE AND FINANCIAL SITUATION BEFORE MAKING DECISIONS. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS; THIS IS PURELY AN OPINION. INVEST WISELY AND CONDUCT THOROUGH RESEARCH.
NASDAQ:AMD
by Can_EasyMoney_TR