AMD stock: buy or sell

AMD stock price: $97.93 7.58% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

AMD stock brief

  • AMD closed on Wednesday at $97.93 after skyrocketing a 7.58%.
  • On Tuesday, AMD released its Q2 financial report
  • From the chart point view, price is drawing a scaled uptrend since last May with higher tops and higher bottoms. This rally marked a 35.08% gain. On Wednesday AMD broke out above $95.44 giving a buy point
  • The price is currently above the upper Bollinger band, which often indicates a short-term correction
  • On Wednesday broke out above its latest top at $95.44
  • Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom.

Should I buy AMD stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $AMD stock a buy?

Currently, AMD stock matches 2 trading strategies:

Uptrend buy setup

AMD stock continues to trend higher since last May and has marked an amazing 35.08% gain. Price marked a pull back in this uptrend at $84.24 on July 19, and since then it bounced up a 16.25%. Price just broke out above the entry point at $95.44, but it's still eligible. If price goes above $100.21, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $85.90

Buy setupBuy pointStop lossRisk
Uptrend buy setup$95.44$85.9010.00%

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that shares price doesn't struggle with upper resistances, and usually it scales quickly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Price is now at 1.33% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $99.23. The stop loss would be placed at $89.31

Buy setupBuy pointStop lossRisk
ATH buy setup$99.23$89.3110.00%

Should I sell AMD stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies allow us to avoid rash decisions based on our personal moods or the noise that surrounds the market. We like very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies are not intended for shorting $AMD stock

A guiding principle is that you should not mantain an open trade that leads to higher than expected losses upon purchase. When to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell AMD stock?

In the current situation of AMD there is not any eligible sell setup, so AMD stock holders with operations in profit can keep their positions

AMD ratings

In the previous 30 days we couldn't find any rating for AMD

AMD stock analysis

Since last May, AMD has been drawing an uptrend that so far marked an amazing 35.08%. Rising peaks and troughs can be seen easily on a chart and how price action provided very few buy points on the breakouts. Latest low was on July 19, when price bounced at $84.24. AMD broke out above $95.44 (its last top) on Wednesday. That breakout was a good buying opportunity

SMAs overview

AMD stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $97.98 (0.05% above)
  • R2: $99.23 (1.33% above)
  • The current support levels are:

  • S1: $95.44 (-2.54% below)
  • S2: $94.28 (-3.73% below)
  • S3: $94.22 (-3.79% below)
  • Bollinger bands

    Price levels both above or below the Bollinger Bands signal that the price has followed a strong trend that has led to extreme highs or lows. For this case, the price is beyond the upper band, and that should mean a possible short-term correction (at least) until it is under the band

    AMD stock Bollinger Bands chart

    Relative strength index

    Broke through the 70 level Wednesday, marking a value of 71.24. Breaking through above the level of 70 is not a sell signal, as stocks can rise during several weeks being in the overbought zone

    AMD stock RSI chart

    AMD stock price history

    AMD started trading on Mar 17th, 1980 at $0.00 per share1. Since then, AMD stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in AMD stock on the IPO, it would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    AMD stock price history chart

    Price target for AMD stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

    The following table shows the price forecasts published by analysts in the last month. If you are a small investor you shouldn't trade based on these projections.

    We don't have any target price posted in the last 30 days for AMD.

    Earnings and financials

    Financial event was hosted by AMD ($AMD) on Tuesday after presenting the financial report. The company released earnings of $0.63 per share, surpassing the Wall St consensus estimate of $0.54 per share.

    In contrast, the EPS for the same quarter last year was $0.18, so current EPS means a gain of 250.00%. Turnover skyrocketed a 92.89% on an annualized basis in the , from $17.9B to $34.5B last quarter.

    AMD ($AMD) is hosting the Q3 earnings call next October. Estimated for this quarter is $0.56, compared to $0.63 that was reported for Q2.

    AMD performance

    AMD performance compared
    Company1m3m6m
    AMD ($AMD) 12.00% 15.60% 9.00%

    Important:
    The opinions expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not know the specific circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for educative reasons only

    AMD summary

    Wednesday, July 28th, 2021
    Open$93.44
    Close$97.93
    Day range$89.65 - $98.71
    Previous close$91.03
    Session gain7.58%
    Average true range$2.99
    50d mov avg$84.84
    100d mov avg$82.17
    200d mov avg$84.92
    Earnings dateOctober 25th, 2021

    Frequently asked questions

    What is AMD stock symbol?

    Advanced Micro Devices, Inc. is a public company trading in the US stock market with the AMD symbol

    Is AMD stock a buy or sell?

    AMD had no ratings in the last 4 weeks Read the article to get additional tips on trading AMD stock.

    Will AMD go up?

    There were no forecasts published by market analysts in the last month for AMD.