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Advanced Micro Devices Inc (Extended Hours)Advanced Micro Devices Inc (Extended Hours)Advanced Micro Devices Inc (Extended Hours)

Advanced Micro Devices Inc (Extended Hours)

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AMD trade ideas

Is AMD topping out AMD's Sideways Consolidation and Bearish Harami Signal In the market analysis, it has been observed that Advanced Micro Devices (AMD) exhibited a bearish harami candlestick pattern on the 4-hour chart, indicating a potential reversal in the stock's price direction. This pattern occurred after a period of sideways movement within a 14-point range, spanning over the past 15 days. The bearish harami pattern suggests a possible shift in market sentiment, with the potential for a downward movement in AMD's price. The pattern consists of a small candlestick, usually representing a trading day with a narrow price range, that is completely encompassed within the previous day's larger candlestick. This formation indicates a potential weakening of the bullish momentum and a potential reversal towards a bearish trend. Furthermore, the preceding period of sideways consolidation, marked by a range of 14 points, indicates a lack of significant price movement or direction. This consolidation phase often signifies a period of market indecision or equilibrium between buyers and sellers. Traders and investors closely monitor such consolidations as they may anticipate a breakout or breakdown from this range, potentially leading to a new trend. Considering the combination of the bearish harami pattern and the recent sideways consolidation, market participants should exercise caution when trading or investing in AMD. Traders may consider waiting for further confirmation of a potential downward move, such as a break below a key support level or the development of additional bearish candlestick patterns. Similarly, investors might reassess their positions and monitor the market closely for any significant developments that could influence AMD's future price trajectory. As with any market analysis, it is important to keep in mind that price movements in financial markets are influenced by a variety of factors, including market sentiment, economic indicators, company-specific news, and broader market trends. Therefore, it is advisable to conduct comprehensive research and utilize additional technical and fundamental analysis tools to make well-informed investment decisions.
NASDAQ:AMDShort
by ThanksNeo
AMD -> Wait For This SupportHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that AMD stock is currently retesting and already starting to reject a quite nice previous weekly resistance area at the $130 level. You can also see that the overall uptrend is still valid, after the recent 50% pump AMD is definitely ready for a correction though so I am now just waiting for a correction back to the next support zone at the $105 level before I then do expect more continuation towards the upside. On the daily timeframe you can see that market structure is still bullish, I am also not really interested in actually shorting AMD, instead I am waiting for a retest of the $105 area and some bullish confirmation and then I do expect another rally towards the upside from there. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:AMDLong
by basictradingtv
39
Is AMD a good buy?AMD (Advanced Micro Devices) is a multinational semiconductor company that specializes in designing and manufacturing computer processors, graphics processing units (GPUs), and other related technologies. AMD is known for its Ryzen processors, Radeon graphics cards, and EPYC server processors. The company competes with Intel in the CPU market and NVIDIA in the GPU market, aiming to provide high-performance and energy-efficient solutions for various computing needs, including gaming, data centers, and personal computing. Starting from a technical perspective, looking at the monthly chart, AMD looks like it may have finished its grand cycle after completing 5 big waves up according to the Elliott Wave theory, especially since the price did not manage to break above the 100% Fibonacci Extension level ($165.00 zone) which may signal the end of a cycle according to Elliott Waves. Thus, we may currently be in the middle of an ABC corrective cycle specifically in wave B which is an upside retest before the downside continuation. Since the price is retesting a critical zone, the $130.00 area (61.8% Fibonacci Retracement and yellow trendline retest), not breaking above it will be a great opportunity to short this stock towards $75.00 as our first target (previous wave iv). Breaking $75.00 will cause further downside toward retesting previous lows. From a fundamental perspective, one concern about investing in AMD stock may be its seemingly stretched valuation. AMD currently trades at a price-to-earnings (P/E) ratio of 31.5 times, which is almost 70% above the industry average. It is also well above some of its main peers, such as Intel, which trades at a modest 8 times. Because it's considered a growth technology stock, the market has priced AMD according to its future potential, rather than its financial results. However, AMD's valuation has been higher than its peers due to its sharp growth — over 760% in the last five years — and its opportunity to keep growing at a considerable pace. This puts AMD under pressure to keep reporting high revenue growth, and not meeting investors' expectations may be catastrophic for the company's stock price in case of a bad earnings report. Investors who delve deeper into the semiconductor sector may find cheaper opportunities at the moment. Not to mention the combination of tight monetary policy and declining credit availability which could take its toll on the economy over the course of the year. A weak economy will pressure earnings growth and likely lead to negative sentiment in the markets. Note that evaluating a company's growth potential is crucial. If a stock's valuation is based on overly optimistic growth expectations that may not materialize, such as today's AMD case during an AI bubble boom, it could be considered overvalued. Goodluck everyone. M.Y.
NASDAQ:AMDShort
by marcyacoub
AMD, 11d+/-25.35%falling cycle -25.35% more than 11 days. ================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NASDAQ:AMDShort
by Tonyder
AMD Short to medium termOn short term AMD possibly finished a wave 3 and is going down in a 4 that will probably take some time. Reaction zones 86.28, 81.32 and 76.45-78.78. If it's bullish enough then maybe 0.618 retracement would not be reached. However if this level will be broken, I expect a bigger drop to at least wave 1 origin @54.7x. Wave 5 should at least reach 106.08-124.xx and then a bigger 2 will come. On the bright side, AMD almost reached, on 13 days time frame, an oversold level that was previously reached in September 2015
NASDAQ:AMD
by bnpascu
AMD SHORT Head and shoulders pattern on AMD's hourly chart. This suggests a bearish flip might be on the cards soon, meaning we could see a price drop. It all hinges on the neckline - a solid break below this level would confirm the trend reversal. Also, considering the buzz around AI is expected to cool off for a bit, AMD's stock could take a short-term hit. But remember, this isn't a crystal ball prediction. Keep an eye out for a spike in trading volume and any breaking news that could sway the market. This doesn't spell doom for AMD though. Once we ride out the correction, the stock is likely to bounce back with more AI developments in the pipeline.
NASDAQ:AMDShort
by benni777
AMD - BREAKOUT AND PULLBACK ON KEY LEVELFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NASDAQ:AMDLong
by Profitlio_Trading
$AMD , Analysing Trends, Patterns, and IndicatorsNASDAQ:AMD Greetings, fellow traders! I am thrilled to present my analysis and insights on TradingView, where I will be sharing trend analysis, chart patterns, and technical indicators to help you navigate the exciting world of the stock market. It's important to note that I maintain a neutral stance and base my decisions solely on identifying promising opportunities. As an observer of market trends, my goal is to provide you with comprehensive and visually appealing charts that showcase the potential opportunities I see. Please remember that I am not a financial advisor, and any investment decisions you make should be thoroughly researched and evaluated based on your own risk tolerance and financial goals. In each analysis, I will walk you through the patterns and indicators I have identified, highlighting key support and resistance levels, trendlines, and other critical technical aspects. My approach is to objectively present the information and allow you to interpret it as you see fit. Whether you choose to go long or short in the stock market is entirely up to you. My main focus is to share the knowledge and insights I have gained from studying charts and technical analysis. By doing so, I hope to contribute to your trading journey and help you become a more informed and confident trader. It is important to continuously learn and adapt to the ever-changing dynamics of the market. I invite you to join me on this exciting journey as we explore the fascinating world of trading together. Feel free to provide feedback, ask questions, and share your own perspectives in the comments section. Your engagement and participation are greatly appreciated. Remember, trading carries risks, and it is essential to conduct thorough due diligence before making any investment decisions. I am here to provide information, but the responsibility lies with each individual trader to make their own choices. Thank you for taking the time to explore my charts. I hope you find value in the insights I share, and may they contribute to your trading success. Happy trading! Disclaimer: I am not a financial advisor. The analysis and opinions expressed here are solely based on my observations and should not be considered as financial advice. Please consult with a licensed professional before making any investment decisions.
NASDAQ:AMD
by wealthwiseida
2
SasanSeifi 💁‍♂️AMD👉12H 118 / 126 ? LETS SEE!▪️ Hello everyone ✌ By examining the chart in the time frame of 12 hours,as you can see, due to the break of the dynamic resistance, the price faced buying pressure after a slight fluctuation from the $95 range and managed to grow to the $102 range. It is currently trading in the 102 range.📊 ‎📈The scenario that we can consider, in case of breaking the important resistance range and stabilizing above the $108 range, after the fluctuation, the price will grow again to the desired targets of the 118/126 range. ❗️ 🔸We have to see how how the price will react to the important resistance range of $108.⚠️ Otherwise, it may be rejected from the range of $108.‼️ ⚠️Keep in mind that maintaining the range of $95 is important to continue the positive trend. ▫️The current price : 102.38💲 ▫️TF : 12-H ❎ (DYOR)...⚠⚜ What do you think about this analysis? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
NASDAQ:AMD
by SasanSeifi
AMD Bullish View with Strong Elliott Wave Impulse RallyShort term Elliott Wave View in Advanced Micro Device (ticker: NASDAQ:AMD ) suggests the rally from 5.4.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 5.4.2023 low, wave (1) ended at 99.94 and pullback in wave (2) ended at 93.45. The stock resumes higher in wave (3) with subdivision as another 5 waves in lesser degree. Up from wave (2), wave ((i)) ended at 97.73 and dips in wave ((ii)) ended at 96.97. The stock resumes higher in wave ((iii)) towards 103.28 and dips in wave ((iv)) ended at 100.05. Final leg higher wave ((v)) ended at 108.50 which completed wave 1. Pullback in wave 2 ended at 103.43 with internal subdivision as a double three Elliott Wave structure. Down from wave 1, wave ((w)) ended at 104.62, wave ((x)) ended at 106.49, and wave ((y)) lower ended at 103.49. This completed wave 2. The stock has resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 108.79 and pullback in wave ((ii)) ended at 105.15. Stock resumes higher in wave ((iii)) towards 120 and dips in wave ((iv)) ended at 115.80. Final leg higher wave ((v)) is expected to complete soon which should end wave 3. Afterwards, the stock should pullback in wave 4 to correct cycle from 5.22.2023 low before the stock resumes higher again. Near term, as far as pivot at 103.43 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
NASDAQ:AMD
by Elliottwave-Forecast