Short AMD?Something's going on there at that level. Look at those sharp selloffs once touching that level where price is closing at right now. There's some evidence to take a risk on the swing to the downside, whaddya think?
AMD trade ideas
AMD AnalysisPrice playing out exactly as my last analysis, respecting the order block at 98.87 and gave us a nice rally to the upside. Right now, price has moved +17.31% since my last analysis. I'm expecting a little more upside to take out the equal highs at 122.12 before a retracement. However, since price is in premium and within a bearish order block right now, longs are more risky and a bearish retracement is more likely here.
Advanced Micro Devices (AMD: NASDAQ)Impressive 42% YoY revenue increase in the client processor segment, reaching $1.5 billion, driven by robust laptop processor sales. CEO Lisa Su emphasizes commitments from hyperscale customers for Instinct MI300 accelerators. Consistent revenue growth of 32% over the past five years.
Bullish stance for #AMD, expecting upward movement above $100.00-$102.00, targeting $160.00-$162.00.
#StockMarket
AMD Broke Out... Now What??!!... An Earnings Story!!AMD appears to have confirmed a technical breakout on the Daily chart. The stock has experienced a meteoric rise since its last earnings report(10/30/23) moving over +20% in just a few short days. This extremely BULLISH price action has not only been fueled by a great earnings report, but there is also a major news catalyst driving the stock price higher. The catalyst has been strong enough to boost the price despite weak 'Q4 forward guidance. There are talks of a new AI chip that may allow them to compete with the likes of NVDA, the main player in the semiconductor industry. AMD may never surpass NVDA in stature however, AI projects to be the biggest technological innovation since the implementation of the internet making being the second, or even third biggest player in the space not a bad spot to be in. The need for semiconductors in general will most likely dominate the future resulting in plenty of profits to be made.
The recent price action of AMD is really a tale of earnings. Zooming out to the Daily chart and this phenomenon can be easily identified. The story really began with an earnings miss on 11/01/22. A few days before the release of this report AMD would set what ultimately turned out to be its 52 wk Low. This was preceded by a precipitous drop from the ATH of $164.46 set on 11/30/21. This rise to a new ATH and subsequent fall to a new 52 wk Low ironically occurred during a streak of nine consecutive earnings beats. Further analysis and one is able to discern that price action broke down over a series of DBL TOP patterns before recovering in a series of a DBL BTM patterns. This behavior may prove to be foreshadowing, but I digress.
Fast forward to 11/3/23 AMD has just closed above the neckline of a DBL BTM pattern, after completing a series of DBL TOP patterns, in the midst of four consecutive earnings beats. History may not repeat itself, but it has a tendency to rhyme. The stock has also broken through the top of a Descending Channel(D) that it has been trading in since the start of the series of DBL TOP patterns. The upward momentum has been so strong that the stock broken and closed above the 200MA(D), 100MA(D), and 50MA(D) over just the last three trading sessions, making a new local high in the process. The stock has been on a rocket ship since finding support at levels identified and explained in a previous idea(see AMD Earnings Breakout or Breakdown).
As for this idea. The series of DBL TOP patterns is represented by the black curves above the would be tops, with their respective necklines identified by the small black circles seen on the chart. The DBL BTM pattern is represented by the green curves found at the would be bottoms with the neckline also identified with a circle as well. The red curves represent a failed DBL TOP even after a closing confirmation on the Daily chart below what would have been the neckline. Proof that the markets can do anything at any time therefore, you can never let your guard down. However, it should be noted that this failed DBL TOP pattern comes after two successfully executed DBL TOP patterns, and a third that could be considered successful depending on your perspective. The third one just happened to occur near the 200MA(D) which has historically been strong support for any asset. Regardless the diagnosis it still amounts to a series of successful BEARISH patterns that have begun to fail, possibly indicating BULLISH price action moving forward.
Bull Case
1. Strength above $111.31. If the DBL BTM pattern is to play out, this area would be the neckline of the formation.
2. Strength above the top of the Descending Channel(D) in which the stock has been trading for the past three months or so. The stock has closed above the top of the channel with momentum. It would not be shocking to see the stock retest the top of the channel.
3. A retest and bounce from the local low, creating a higher low. This would be a BULLISH indication as the stock has already created a higher high signaling the potential start of an uptrend.
Bear Case
1. Strong rejection at the stock's current levels. Such price action could imply yet another DBL TOP formation, leading to further downward momentum.
2. BEARISH price action, chart patterns, or strong rejection at the yellow rectangle drawn above the current price level. This area represents the Golden Zone of a BEARISH Fib Retracement from the local high of $132.83 to the local low of $93.12. This area serves as a strong area of resistance and could serve as a logical area of rejection. Especially given how far and fast the stock has run since earnings.
3. A break below the DBL BTM pattern all together. This would be extremely BEARISH and could signal a falling knife situation. Under these circumstances bias should switch to the downside and the stock should be monitored for short opportunities.
*As things currently stand, bias is to the upside, with a guilty until proven innocent approach. The market has been extremely erratic, and rallies have been hard to trust. The stock has only created its first higher high, after trading in a clear downtrend(a series of lower highs and lower lows).
*RSI(D) displays a DBL BTM formation that has been confirmed with a break of the neckline.
*Watching AVP(52 wk Low)(POC), Moving Averages(D), Descending Channel(D), Key Levels(black rectangles), Ascending Support(red trendline), Bollinger Bands(D), and the AVWAP(52 wk Low) at their respective levels for additional confluence.
Advanced Micro Devices Inc (NASDAQ:AMD) Soaring As Market GainsAMD made significant revenue and unit share gains in the server, laptop, and desktop PC markets during the last quarter. Year-over-year, AMD gained 5.8% unit share in desktop PCs, 3.8% in mobile, and 5.8% in servers. Looking at the percentage of the cash AMD gained compared to its rivals (revenue share) year-over-year, AMD gained 4.1% in desktops, 5.1% in notebooks, and 1.7% in servers.
The preceding quarters were challenging both for the consumer PC and server markets as chipmakers and their clients tried to normalize inventory levels and align supply and demand. The situation has largely normalized for the two major CPU suppliers — AMD and Intel — in the third quarter as PC makers started to purchase processors for back-to-school and holiday seasons, whereas server makers ramped up production of machines based on the latest EPYC and Xeon platforms. Overall, AMD was luckier than Intel in Q3 2023 as it gained share, according to Mercury Research.
As it turns out, AMD has gained client and server CPU market share both quarter-over-quarter and year-over-year in the third quarter of 2023, based on data from Mercury Research. The data does not include numbers for Intel and Arm, though, given the dominance of AMD and Intel in client PCs, we can guess that AMD's gains were at Intel's expense.
Technical Analysist
Price Momentum
AMD is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
AMD (Double Bottom Bounce)Recap:
During the precious 3 days, AMD printed a bearish candle below structur, reclaimed back above structure, then proceeded to print 2 inside - inside (a candlestick pattern illustrating price consolidation on a lower timeframe). Ahead of earnings on Oct 31st, AMD has printed a bullish engulfing candle above the highs of the previous 3 candles and is closing into a previous resistance.
Note that AMD on the higher timeframe (weekly) is forming a sort of descending channel within what seems to be a huge pennant. This descending channel is also being at the HTF uptrend support.
Another piece of confluence is that price has broken the downtrend on the lower time frames while bounce from a demand and trendline support. Also, the stochastic and RSI are both oversold with both curling up.
Trade Idea:
As I do not trade earnings drops, I will wait for price action to confirm a trend change and move above resistance at 99.75 - 100.45 and hold above this level while forming a trend. If I get the trigger, I will expecting for price to make a move above to retest the downtrend line of the descending channel and possible even the major resistance at 111.09 - 111.77.
Targets: 105.56, 109.20, and 111.09
STOP: Daily candle close below 93.31, Weekly candle close below the green uptrend support line.
CAUTION: The MACD has yet cross up the signal line and we also have earning today so I wouldn't just swing blindly from here.
AMD A great long-term buy. First Bullish Cross after 1 year!Advanced Micro Devices (AMD) rose on its most aggressive 1W green candle last week since May 22, as it tested and closed above the 1W MA50 (blue trend-line), which is the long-term Support. This MA level was also tested and held on the week of May 01, which shows that the market has a clear buy zone, despite at times the not so encouraging macro-economics.
Last week's rise also broke above the 5-month Channel Down, which puts it back as a long-term Bull Flag, as it also held the Higher Lows Zone from the October 2022 market bottom.
Perhaps the most important development is the emergence of a Bullish Cross on the 1W MACD, the first since November 14 2022, essentially after a whole year. The minimum rise of AMD's bullish legs since then was +35.24% so we expect this to be fulfilled at $126.00 and then buy the pull-back on the 1D MA50 (red trend-line). With that, we will target $133.15 (Resistance 1). That bullish leg has the potential to test the $164.85 All Time High (ATH) and we will buy it if we close a 1W candle above Resistance 1.
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$AMD Bullish TradeHowdy Traders!
In this chart, a clear parallel channel is present. As of right now, NASDAQ:AMD has broken out through the top, and has headed to the golden resistance line. If the breakout in the upwards direction becomes successful, then NASDAQ:AMD will head towards a price level of $124.
In the long-run, this shows a bullish trend, since NASDAQ:AMD is once again re-entering the golden parallel channel (the same parallel channel as seen in some of the other posts).
Buena Suerte (Good Luck)!
forecasting AMD /STOCK in dayli chart Hello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graph
AMD to BUY & HOLDDear Investors,
AMD is showing a strong buying signal after good fundamentals this year.
this could be your opportunity to invest in a low-risk high-reward trade.
you can contact me for more info on why this is a good trade & give you a strategy on how to manage this trade and close it in the best scenario possible.
you can check my old trades too to get an idea of my trading mentality.
AMD shortAMD in a rising wedge
Short setup with risk-reward ratio: 8,7
Entree, stoploss and exit are on the chart.
AMD: Beware the trapNASDAQ:AMD had an amazing day launching higher after their earnings report.
That being said... a trap is forming.
We have detected a rug pull event on the 30 min. timeframe at the $97 price level. This brings a high probability that price action will drop back to $97 sometime in the near future.
See below for other examples of rug pulls on the NASDAQ:AMD 30 minute timeframe:
Of note, there are several dormant rug pull events in the $109-$111 price range on smaller timeframes, so we do expect price to continue to this range as a minimum upside target.
A substantial break of the AVWAP would indicate a reversal back to $97 has likely begun. This currently sits around $104.
Keeping an eye on this one...
$AMD Double Bottom Bouncehere is a technical analysis description of AMD stock, observing a double bottom pattern, indicating a potential rebound:
AMD Stock Technical Analysis: Double Bottom Pattern
Advanced Micro Devices, Inc. (AMD) stock has been in a downtrend since the beginning of the year. However, in recent weeks, it has formed a double bottom pattern, which is a bullish reversal signal.
A double bottom pattern is formed when a security's price falls to a low, rebounds, falls back to the same low, and then rebounds again. The second rebound is typically accompanied by an increase in volume, which confirms that buyers are gaining control of the market.
In the case of AMD stock, the first bottom was formed in June at around $70 per share. The stock then rebounded to over $80 per share in July, but it fell back to the same low in August. The stock has since rebounded again, and it is now trading above $75 per share.
The double bottom pattern on AMD stock is also supported by a bullish divergence in the MACD indicator. The MACD is a momentum indicator that compares the moving average of a security's closing price to the moving average of its 26-day exponential moving average.
A bullish divergence occurs when the price of a security is making lower lows, but the MACD is making higher lows. This indicates that the momentum of the downtrend is weakening, and that a reversal is likely.
Overall, the technical analysis of AMD stock suggests that a rebound is in the making. The double bottom pattern and the bullish divergence in the MACD indicator are both bullish signals.
AMD Shares Climb 9% On AI Optimism Despite Lowering GuidanceAMD expects to sell $2 billion in AI-powered chips next year, as it attempts to catch up to rival Nvidia.
Advanced Micro Devices (AMD) shares leaped more than 9% Wednesday after the company said it expects to sell $2 billion in AI-powered chips next year as it attempts to catch up to market leader and rival Nvidia (NVDA).
The company, which reported better-than-expected third quarter earnings yesterday, is projecting revenue of $6.1 billion (plus or minus $300 million) in the last three months of the year. That number is up from $5.8 billion for the third quarter but below the $6.4 billion analysts had expected.
However, according to some analysts, AMD's lineup of AI processors is more important than its embedded business—chips for industrial, automotive and networking sectors.
AMD is ramping up its investments in artificial intelligence (AI) in an effort to catch up to rival Nvidia, which has become one of the world's biggest semiconductor companies with a market cap exceeding $1 trillion.
AMD's MI300 processor, which the company has described as "the world's most advanced accelerator for generative AI," could help the chipmaker catch up to its bigger rival. Sales of AI-powered graphics processing units (GPUs) are expected to reach $2 billion next year, AMD Chair and CEO Lisa Su said on the company's earnings call.
Su earlier this year called AI "the defining technology shaping the next generation of computing and the largest strategic growth opportunity for AMD," and said the company is "laser-focused on accelerating the deployment of AI platforms at scale in the data center."
Shipments of MI300 processors are expected to begin by the end of 2023, Su said at a product showcase in June.
With Wednesday's gain, shares of AMD are up almost 69% so far this year. While impressive, it's a small gain compared to those of rival Nvidia, which has almost tripled year-to-date and is the S&P 500's best-performing stock this year.
AMD: Not long term bullish yet.Advanced Micro Devices has had an enormously bullish day as a natural result of yesterday's better than expected earnings and this rise closed the session almost at the top of the Channel Down pattern. This was enough to turn the 1D timeframe bullish (RSI = 59.297, MACD = -1.230, ADX = 33.876).
This however isn't yet a long term buy signal buy for the first time since June, it is an encouraging one as it is being executed after a 1D MACD Bullish Divergence, on a Bullish Cross too. However we will only buy for the long term after the price crosses over the R1 level and then retests it as Support. If fulfilled, our target will be the 0.786 Fibonacci level (TP = 124.00).
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Downtrend line hitNice day for AMD, bodes well for long-term holders... unfortunately the downtrend line won't make it easy for more gains. Look for a pullback or a rejection.
AMD bearish downtrend heading into ER, can it break?🐻good ER report and rally to 100-120 should come quick! nice support here for AMD 🚀
Break of 91.85/trend support zone and there's no short term support till low 80s! bad news for longs if this comes
Boost and follow for more.. thanks 💜
Damn Im Good With Charts. AMD Hit both my implied targets. I dont change my charts. Once i draw a line or trend it stays there. AMD is now breaking out of that downtrend channel or some would see a bull flag. Itll be a slow grind but 110 by Dec IMO.
