AMD, MACD Histogram just turned positive
This is a Bullish indicator signaling AMD's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I. dvisor identified 50 similar cases where AMD's MACD histogram became positive, and 40 of them led to successful outcomes. Odds of Success: 80%. Current price $95.52 is above $92.66 the highest support line found by Tickeron A.I. Throughout the month of 12/08/20 - 01/11/21, the price experienced a +5% Uptrend. During the week of 01/04/21 - 01/11/21, the stock enjoyed a +5% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 07, 2021. You may want to consider a long position or call options on AMD as a result. In 76 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for AMD just turned positive on January 11, 2021. Looking at past instances where AMD's MACD turned positive, the stock continued to rise, Tickeron A.I. detected that in 40 of 50 cases over the following month. The odds of a continued upward trend are 80%.
The 10-day Moving Average for AMD crossed bullishly above the 50-day moving average on November 13, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 15 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +1.16% 3-day Advance, the price is estimated to grow further. Considering data from situations where AMD advanced for three days, in 278 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 277 of 305 cases where AMD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 07, 2021. You may want to consider a long position or call options on AMD as a result. In 76 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for AMD just turned positive on January 11, 2021. Looking at past instances where AMD's MACD turned positive, the stock continued to rise, Tickeron A.I. detected that in 40 of 50 cases over the following month. The odds of a continued upward trend are 80%.
The 10-day Moving Average for AMD crossed bullishly above the 50-day moving average on November 13, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 15 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +1.16% 3-day Advance, the price is estimated to grow further. Considering data from situations where AMD advanced for three days, in 278 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 277 of 305 cases where AMD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
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