AMD stock: buy or sell?

AMD stock price: $92.63 -0.03% At close on Dec 1st, 2020

Updated on:
Dec 1st, 2020

2

AMD stock brief

  • AMD closed on Tuesday at $92.63 after slightly moving a -0.03% breaking a streak of 3 sessions in positive.
  • The price is currently above the upper Bollinger band, which often indicates a near-term correction
  • On Monday broke out above its latest top at $88.72
  • 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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 one trading strategy:

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 all-time highs is that price doesn't have upper resistances, and usually it rises fast. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is always important. Price is now at 1.78% 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 $94.28. The stop loss would be ordered at $84.85

Buy setupBuy pointStop lossRisk
ATH buy setup$94.28$84.8510.00%

Should I sell AMD stock?

Do you know when is it time to sell AMD stock?. Trading strategies help us to avoid rash decisions based on our personal sentiments or the noise surrounding the market. When selling, as well as buying, our setups are very simple to use and are only valid for selling stocks in your porfolio, not for shorting AMD stock

A golden rule is that you should never keep an open trade that produces greater losses than those expected upon the buy. When to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell AMD stock?

Currently, AMD stock doesn't match any of our preferred sell setups, so if you hold AMD stock and your operation is in profit probably is not time to sell now

AMD ratings

In the last 30 days, 4 analyst ratings were published for AMD

AMD analysts' ratings - Last 30 days
Brokerage firmRating
Nov 4th, 2020
The Goldman Sachs Group NeutralStrong buy
Nov 6th, 2020
Wells Fargo & Company
Nov 16th, 2020
Cleveland Research NeutralStrong buy
Nov 23rd, 2020
Royal Bank of Canada Neutral

AMD stock analysis

Downtrend breakout

SMAs overview

AMD stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $94.28 (1.78% above)
  • The current supports are:

  • S1: $88.72 (-4.22% below)
  • S2: $87.29 (-5.76% below)
  • S3: $76.10 (-17.85% below)
  • Bollinger bands

    When the price moves out of the band (above the upper line or below the lower line) it signals that the price is currently having a very strong trend and therefore can reverse the trend to the average. In this case, the price is over the upper band, meaning a short-term adjustment (at least) until it is under the band

    AMD stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for some weeks, and therefore, without this indicator really being helpful in making any decisions.

    AMD stock RSI chart

    AMD stock price history

    AMD went public on Mar 17th, 1980 at $0.00 per share1. Since then, AMD stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars on the IPO would have a value of $inf nowadays.

    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. Banks and financial organisations publish their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and many times. Again, these targets are not direct recommendations for individual investors and should not be trusted blindly.

    Averaging all price targets exposed below, the forecasted price for AMD stock is $98.67. AMD closed at $92.63 on Tuesday, so the target price is expecting an increase by 6.52%.

    AMD stock price predictions
    Brokerage firmPrice target
    Nov 4th, 2020
    The Goldman Sachs Group $84.00$96.00
    Nov 6th, 2020
    Wells Fargo & Company $82.00$100.00
    Nov 16th, 2020
    Cleveland Research Not available
    Nov 23rd, 2020
    Royal Bank of Canada $92.00$100.00

    Earnings and financials

    AMD ($AMD) had the quarterly shareholders event and posted the report last October. AMD beat market estimates and reported of $0.41, that is a 17.14% increase versus the predictions of $0.35. In line, reported sales were $2.8 billion compared to estimates of $2.6 billion.

    This compares to Earnings of $0.18 per share same quarter last year, so reported EPS means an improvement of 127.78%. Revenue exploded a 55.52% on an annualized basis in the , from $18.0B to $28.0B last quarter.

    AMD ($AMD) is hosting the Q4 earnings call late next January. Analysts estimate of $0.46, that is a 12.20% higher than Q3.

    AMD competitors

    AMD is part of the Technology sector and the Semiconductors industry, where it has 47 industry peers.

    AMD biggest competitors are:

    AMD competitors
    CompanyMarket capRatingBullish ratings1
    AMD ($AMD) $104.3B Buy 2
    Taiwan Semiconductor ($TSM) $419.8B Neutral 0
    NVIDIA ($NVDA) $329.2B Buy 7
    Intel ($INTC) $186.0B Neutral 0
    Qualcomm ($QCOM) $162.7B Buy 11
    Broadcom ($AVGO) $155.1B Neutral 0
    Texas Instruments ($TXN) $145.5B Neutral 0

    1 In the last 30 days.

    AMD performance

    To better understand AMD performance you must compare its gains with other related stocks in same sector or industry.. For AMD, the benchmark is made against Taiwan Semiconductor, NVIDIA, Intel, Qualcomm, Broadcom and Texas Instruments.

    AMD performance compared
    Company1m3m6m
    AMD ($AMD) 22.10% -1.50% 76.10%
    Taiwan Semiconductor ($TSM) 14.90% 21.70% 86.60%
    NVIDIA ($NVDA) 4.30% -0.60% 52.00%
    Intel ($INTC) 10.40% -4.30% -21.50%
    Qualcomm ($QCOM) 19.00% 22.20% 74.20%
    Broadcom ($AVGO) 14.90% 15.80% 36.00%
    Texas Instruments ($TXN) 11.20% 13.60% 29.10%

    Disclaimer:
    The viewpoints contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the individual 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 published for educative reasons only

    AMD summary

    Tuesday, December 1st, 2020
    Open$92.25
    Close$92.63
    Day range$90.78 - $93.89
    Previous close$92.66
    Session gain-0.03%
    Average true range$3.45
    50d mov avg$82.08
    100d mov avg$79.26
    200d mov avg$65.05
    Earnings dateJanuary 26th, 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 received 4 ratings in the last 30 days: 2 bullish, 0 bearish and 1 neutral.

    Will AMD go up?

    AMD had different price predictions posted by analysts in the last 4 weeks forecasting the target price to $98.67. That is a 6.52% than the current price ($92.63).