Amd - It Comes Down To This Support!Amd ( NASDAQ:AMD ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
For more than three years, we have been seeing a quite volatile consolidation phase on Amd. Looking at recent price history though, Amd just came back to retest a massive horizontal support level and if we see bulls taking over, a rally of +100% is very possible.
Levels to watch: $120, $240
Keep your long term vision,
Philip (BasicTrading)
Advancedmicrodevices
AMD: Wave (3) of [3]As anticipated, AMD has realized strong sell-offs, breaking below the support at $121.82. We primarily expect the magenta wave (3) to conclude further south, followed by a corrective rise in the subsequent wave (4). Below $121.82, however, the stock should resume the magenta downward impulse and, thus, start wave (5).
AMD Bullish break-out above the 3-month Resistance.Advanced Micro Devices (AMD) opened (and closed) yesterday above the 3-month Channel Down pattern that started after the October 09 2024 High and that is technically a strong bullish break-out signal.
The previous break-out in August 2024, eventually reached the 0.786 Fibonacci extension, which was the October 09 2024 High, before declining again.
Even though we are long-term bullish on AMD, as it even kept clear the 1W MA200 (red trend-line), which is its multi-month Support, we expect it to reach at least $160.00 (just below the 0.786 Fib) on the short-term.
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Semiconductor Stocks Blast Off as Foxconn's Revenue Takes FlightA perfect storm of positive factors sent semiconductor stocks soaring, with major players experiencing significant gains. Here are the key drivers behind this surge:
1. Foxconn's Record-Breaking Revenue: A 15% year-over-year revenue increase and a 42% rise in December sales ignited investor optimism in the sector.
2. AI Demand Anticipation: Foxconn's strong results underscored ongoing demand for AI technologies, fueling expectations for future growth in the semiconductor space.
3. Microsoft's $80 Billion AI Investment: The tech giant's commitment to AI-enabled data centers further boosted expectations for increased demand for specialized chips, particularly from Nvidia.
The impact on leading semiconductor companies was substantial:
● Nvidia Corporation NASDAQ:NVDA : Up +3.4%
● Advanced Micro Devices NASDAQ:AMD : Up +3.3%
● Micron Technology NASDAQ:MU : Up +10.5%
As the demand for AI technologies continues to grow, semiconductor companies are well-positioned to capitalize on this trend, driving growth and innovation in the sector.
AMD = The Trader Slayer!NASDAQ:AMD
We got a lot going on here with AMD!
- In the volume gap and could fall down to the shelf at $108 or we could have just hit a double bottom with a breakout spot at $174ish.
-H5 Indicator is RED and they are in a downtrend while also forming a Bull Flag (barely).
-Sitting on the bottom of the Wr% and could form a downtrend box or start running to the upside.
It all makes sense to me. This name is an extremely difficult name to trade and has eaten the best traders whole, myself included.
One thing is clear to me! trying to trade this name right now with all of these mixed signals is risky-business! I'm steering clear until we get some certainty!
No price targets because who knows whats gonna happen. 🤣
Not financial advice.
ADVANCED MICRO DEVICES $AMD | CHIP STOCKS FALL DOWN Dec11'24ADVANCED MICRO DEVICES NASDAQ:AMD | CHIP STOCKS FALL Dec11'24
NASDAQ:AMD BUY/LONG ZONE (GREEN): $141.50 - $166.50
NASDAQ:AMD DO NOT TRADE/DNT ZONE (WHITE): $134.50 - $141.50
NASDAQ:AMD SELL/SHORT ZONE (RED): $110.00 - $134.50
NASDAQ:AMD Trends:
NASDAQ:AMD Weekly Trend: Bearish
NASDAQ:AMD Daily Trend: Bearish
NASDAQ:AMD 4H Trend: Bearish
NASDAQ:AMD 1H Trend: Bearish
NASDAQ:AMD Oct29 earnings release started bearish trend. Bears should start targeting the previous quarter's lows. Price is currently breaking my indicator's range to the downside, and all display indicators are pointing to a bearish trend for $amd. Recently, bearish momentum breaks down from the DNT range this week.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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Advanced Micro Devices (AMD) AnalysisCompany Overview:
Advanced Micro Devices NASDAQ:AMD is a global leader in high-performance computing, graphics, and AI solutions, catering to enterprise, gaming, and data center markets. The company's strategic focus on innovation, competitive pricing, and market expansion has solidified its position as a compelling alternative to larger industry players.
Key Growth Catalysts
Data Center Momentum:
AMD’s EPYC CPUs and Instinct GPUs are gaining significant traction among enterprise and cloud customers.
Increasing adoption of AMD’s products by major hyperscalers reflects its strong positioning in AI workloads and high-performance computing (HPC).
AI Leadership Expansion:
Recent acquisitions of Silo AI and ZT Systems bolster AMD's expertise in AI model development and HPC systems, addressing growing demand for scalable AI infrastructure.
Partnerships with leading cloud providers like Microsoft Azure and Google Cloud further strengthen its foothold in the AI and gaming-as-a-service markets.
Gaming and Graphics:
AMD’s Radeon GPUs and Ryzen CPUs remain highly competitive in the gaming sector, supported by robust demand for gaming consoles and PC components.
Collaboration with console manufacturers like Sony (PlayStation) and Microsoft (Xbox) ensures consistent revenue streams.
Innovation and Pricing:
AMD’s focus on delivering price-performance leadership positions it as a viable competitor to industry giants like NVIDIA and Intel.
Cutting-edge technologies like 3D chip stacking and advanced manufacturing nodes give AMD a technical edge.
Financial and Market Outlook
Strategic Partnerships: Collaborations with Microsoft and Google provide long-term growth potential in cloud computing and AI services.
Revenue Growth: AMD’s expansion into AI accelerators and HPC ensures consistent double-digit growth in revenue and profitability.
Investment Thesis
Bullish Case:
We remain bullish on AMD above the $108.00-$110.00 range, supported by its strong product lineup, strategic acquisitions, and partnerships in key growth sectors like AI, cloud, and gaming.
Upside Potential:
Our price target is $225.00-$230.00, reflecting confidence in AMD’s ability to expand market share and sustain innovation-driven growth.
🚀 AMD—Leading the Next Wave of High-Performance Computing and AI Transformation. #AI #CloudComputing #Gaming #HPC
AMD Among My Top 10 Picks for 2025 | Price TargetIf you haven`t bought AMD on this strong buy rating:
My price target for AMD in 2025 is $175, driven by the following fundamental factors:
Robust Growth in Data Center and AI Segments:
AMD is experiencing significant momentum in its data center business, particularly with its EPYC processors and AI accelerators. The company has raised its revenue outlook for its MI300 AI accelerators to over $5 billion for 2024, reflecting robust demand and an expanding market presence. Analysts project that AMD's earnings per share (EPS) will grow by approximately 55% in 2025, driven by increasing contributions from these high-margin segments. This growth trajectory positions AMD favorably to capture a larger share of the rapidly expanding AI and data center markets, which are projected to see substantial investments in the coming years.
Competitive Positioning Against Rivals:
AMD's strategic focus on providing cost-effective and high-performance solutions allows it to compete effectively against industry giants like NVIDIA. The launch of its MI325X accelerator, which offers competitive performance at lower price points compared to NVIDIA's offerings, is expected to attract hyperscale clients. This competitive edge is crucial as demand for AI processing power continues to surge across various industries.
Strong Financial Health and Valuation:
AMD's financial metrics indicate a solid foundation for growth. The company has demonstrated impressive gross margins, recently reported at around 52%, and is expected to see further margin expansion as it shifts towards higher-margin products. Currently trading at a forward price-to-earnings (P/E) ratio of approximately 24x for fiscal 2025, AMD is considered undervalued compared to its peers, particularly given its projected earnings growth. Analysts have set an average price target of $182 for AMD by the end of 2025, suggesting significant upside potential from current levels.
Strategic Acquisitions and Leadership:
Under CEO Lisa Su's leadership, AMD has transformed into a powerhouse in the semiconductor industry. Recent strategic acquisitions, such as ZT Systems, enhance AMD's capabilities in providing comprehensive AI infrastructure solutions. This strategy not only expands AMD's product offerings but also strengthens its relationships with key clients in the cloud computing space.
AMD Stock Price Rebounds from Yearly Low. 2025 ForecastAMD Stock Price Rebounds from Yearly Low. 2025 Forecast
As the chart indicates, Advanced Micro Devices (AMD) reached its yearly low on 20th December, dropping below $120.
However, on Monday, AMD emerged as one of the top-performing stocks in the market. The trading session opened with a bullish gap, and by the close, the stock had gained approximately 4.5% compared to Friday's close. Meanwhile, the S&P 500 (US SPX 500 mini on FXOpen) rose by 0.7% on the same day.
According to technical analysis of the AMD stock chart, in 2024, the price formed a descending price channel (highlighted in red), characterised by the following:
- Bears broke below three trendlines, forming a structure reminiscent of Gann fans.
- The fourth (lowest) trendline could serve as a strong support level, preventing the price from reaching the bottom of the channel. The sharp upward reversal from the $120 level may be considered a sign supporting this scenario.
Price action suggests increasing demand, and analysts (as outlined below) believe buyers may play a more active role in 2025.
AMD Stock Price Forecast for 2025
In 2024, AMD underperformed the market. Amid the AI boom, Nvidia (NVDA) and Broadcom (AVGO) stocks reached all-time highs, while AMD's stock price dropped by about 12% since the beginning of 2024.
According to Yahoo Finance, the company’s strategic approach provides a rationale for investors to hold or buy AMD shares heading into 2025.
AMD has historically avoided introducing revolutionary products. Instead, the company enters established markets with alternative products that offer specific advantages.
This strategy could apply to the AI boom:
- 2024: AMD’s stock declines as the company adopts a wait-and-see approach, assessing the AI market's needs.
- 2025: AMD could benefit from the AI race, possibly through new processors in its EPYC series.
According to TipRanks:
- 22 out of 30 surveyed analysts recommend buying AMD shares.
- The average price target for AMD is $182 by the end of 2025, representing a 46% increase from current levels.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
AMD Strongest buy signal in more than a yearAdvanced Micro Devices (AMD) is approaching the 1W MA200 (orange trend-line), extending a 10-month correction of Lower Highs and Lower Lows since the March 04 2024 High. The last time the price came close to the 1W MA200 was more than a year ago on the October 23 2023 1W candle, which was the previous Higher Low of the Bull Cycle that started on the October 10 2022 market bottom.
The 1W MA200 has been basically holding as the stock's long-term Support since the January 23 2023 bullish break-out and has been successfully tested 3 times already. The 1W RSI shows that the corrective wave since October 2024 is very similar to those that led to the previous 2 bottoms. In fact the whole correction since the March 2024 High has been almost -48%, approximately the same as the late 2022 correction.
Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. If the 1W MA200 holds yet again and kick-starts the new Bullish Leg, we expect another +141.87% rally until the next market Top, so we set a Target at $280.00.
As a side-note, see how accurately the Sine Waves display the previous two bottoms, indicating that there is a high degree of symmetry on this Bull Cycle.
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$AMD Forms Another Double Bottom – Will History Repeat Itself?I wanted to share an interesting setup I’ve noticed on NASDAQ:AMD daily chart. The stock just completed what looks like a classic double bottom pattern—something it’s done before with impressive results.
What I’m Seeing:
Double Bottom Revisited:
We can see that AMD has formed another “W” shaped bottom, where price tested a support zone twice and successfully bounced.
Historical Precedent:
The last time AMD completed a double bottom, the subsequent breakout and follow-through rally were significant. After the neckline breakout, price continued to move higher, rewarding patient traders and confirming the pattern’s bullish nature.
Volume & Confirmation:
It’s worth looking closely at volume to confirm the pattern. In many textbook double bottoms, volume often increases on the breakout, signaling that buyers are stepping in. If we see heavier trading volumes as AMD breaks through the neckline, it could be an indication that a similar move might unfold.
Potential Price Target:
A common way to project a double bottom target is to measure the height of the “W” and add it to the breakout point. If this pattern performs similarly to the last one, we could see a significant upside move. Of course, there are no guarantees, but patterns like these give traders a framework to manage risk and set objectives.
What to Watch For:
Neckline Break: A clean move above the neckline (resistance area) would be a key bullish signal.
Volume Expansion: Higher volume on the breakout adds conviction.
Market Conditions: Broader market health and sentiment can affect whether the pattern plays out as expected.
AMD has shown us before that this pattern can precede major rallies. As always, manage your risk appropriately—no matter how promising a setup looks, it’s wise to confirm with price action and volume before jumping in.
AMD Is it really as 'dead' as it looks?Advanced Micro Devices / AMD is down -45% since their March 2024 All Time High and the market appears to be quickly losing faith on the stock.
However, this is not the first time we've encountered such decline on this stock as the exact same Channel Down that had a drop of -42% also took place during the previous Bull Cycle.
In fact this is what we called the mid Bull Cycle accumulation Channel and as you see in both patterns, the 1week MA100 supported. On the 2017/18 case, it kickstarted a rebound to the 1.382 Fibonacci extension.
It is amazing to see that even the Bear Cycles that preceded those Channels (2022 and 2014/15), they declined by the same amount (-66.41%).
So for now the 1week MA100 is supporting the November-December consolidation and this is the 1nd time it has since the August 5th low.
Once the 1week RSI hits 38.00 again (like it did on March 26th 2018), it will be the ultimate time to buy again but being so close to it right now, you can start buying even now.
Target 350.00 (little under the 1.382 Fib).
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AMD: Final shot to rise in this Channel. $290 if successful.Advanced Micro Devices are bearish on the 1D timeframe (RSI = 38.717, MACD = -4.560, ADX = 33.691) but just under neutrality on the 1W technical outlook (RSI = 43.494, MACD = -3.840, ADX = 18.724). This indicates that this is the final support long term to reverse the medium term bearish sentiment and this is quite evident on this chart where the price is at the bottom of the 2 year Channel Up.
Roughly every November inside this Channel (2022, 2023 and 2024), it is on a corrective wave (or has been the month before), so the symmetric structure on this pattern is very strong. Another reason to see a massive bullish wave next. The previous two peaked approximately 160 days after that low, completing a +141.24% rally from the HL. Consequently, we are aiming for a similar rally (TP = 290.00) by late April 2025.
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Will AMD ever break out? Let's see!Will AMD ever break out? Let's see!
We have a massive one year bull flag on the charts.
We are still sitting on the bottom of a volume shelf in which we need to hold if we want to keep this name on the watchlist.
To enter, all we need is a flip to green on our H5 Indicator and a breakout of the bull flag pattern.
Measure Move is: $300 (2x)
Measured Time: FEB2026
NFA
AMD Can it survive this horrific week?On August 13 (see chart below) we called the start of the new long-term Bullish Leg on Advanced Micro Devices (AMD), as a week before it entered the 2-year Higher Lows Zone and rebounded:
Still, the road (green Channel Up) isn't without its hurdles, and one of them is this week where the price is again being brutally sold towards the Higher Lows Zone. Notice that during the previous 2-week correction (August 26 - September 03 1W candles), the Zone's top was tested and held.
As a result, the multi-year trend remains bullish and will be this way for as long as the Higher Lows Zone holds.
It is interesting to observe at this point that the Bearish Phase of this pattern (March 04 - August 05) was in the shape of a Bearish Megaphone and can be compared to the one that bottomed on October 10 2022 and practically started the new Bull Cycle.
Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. Within this comparison, and if we plot the Fibonacci levels from the Leg's bottom to top, we can see that the first Bullish Leg also had a rejection on the 0.618 Fib level and pull-back below the 0.786 into the Higher Lows Zone.
Obviously the current correction isn't ideal but it is not something we haven't seen and is within the tolerance levels of this 2-year pattern.
We expect another +141.87% rally to be concluded on this Bullish Leg, so our Target is straight up $295.00.
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Amd - Break, Retest And New All Time Highs!Amd ( NASDAQ:AMD ) is about to start another +100% rally:
Click chart above to see the detailed analysis👆🏻
Amd just retested and rejected a major previous horizontal structure and is starting the next major bullish wave towards the upside. Looking at previous cycles and the rising channel pattern, it is quite likely that Amd will follow Nvidia and create new all time highs soon.
Levels to watch: $130, $270
Keep your long term vision,
Philip (BasicTrading)
AMD (AMD): Trendline test coming - crucial for bullish case!Following the completion of wave 3, NASDAQ:AMD has also completed wave 4 with a near-perfect correction at the 78.6% Fibonacci retracement level. The rapid V-shaped recovery after the drop validates our count and points to continued bullish momentum as long as key support levels hold.
AMD’s earnings report on Tuesday aligned with forecasts but projected slightly weaker revenue than expected for the upcoming quarter. This led to a 6% decline in after-hours trading, raising concerns about potential deceleration in AMD’s overall business, even as the company remains a key player in the AI chip sector alongside its competitor, Nvidia.
From a technical perspective, NASDAQ:AMD now faces a crucial test. The stock must break through the resistance zone between $162 and $174 to confirm further upside potential. Failing to do so could result in a pullback to the trendline, a level that has been respected several times since early 2023. As long as the stock remains above the $120 level, we maintain our bullish outlook. However, losing this level would confirm a bearish trend shift.
We expect continued volatility, particularly post-earnings, and will monitor for a potential move higher or consolidation around these resistance levels. We are optimistic about AMD’s prospects but await further developments at this critical juncture.
AMD: New bullish wave to $197 has started.Advanced Micro Devices have entered a healthy bullish 1D technical outlook (RSI = 59.730, MACD = 0.360, ADX = 17.320) as the price crossed over the 1D MA200 today, with the 1D RSI above its MA since yesterday. Technically, it has started the 3rd bullish wave of the 3 month Channel Up. The two waves before this have risen by at least +31%, and that is our next target (TP = 197.00) for the next 2 months.
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AMD Advanced Micro Devices Options Ahead of EarningsIf you haven`t bought AMD before the previous earnings:
Now analyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $6.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMD: 4H Golden Cross is the best buy signal you can get.Advanced Micro Devices may be having a noticeable correction that turned the stock back to neutral both on the 4H and 1D technical outlook (RSI = 54.728, MACD = 5.610, ADX = 40.223) but it just formed the strongest bullish pattern of all: a Golden Cross on the 4H chart. In the past 2 years we've been given another two 4H Golden Crosses and both turned out to be the utmost bullish validation for enormous rallies, which in both cases extended at +141% from the bottom. We expect another such run and now we have the best confirmation (TP = 290.00).
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AMD broke above the Lower Highs and confirms a massive rally.It's been a while (August 13, see chart below) since we last looked into the Advanced Micro Devices (AMD), which was a strong long-term buy signal, with the price reacting very favorably, having already started its new Bullish Leg:
Today we take it to the 1D time-frame where where the scale of where the price might be compared to the previous two mega rallies since the October 13 2023 bottom, may be clearer. Remarkably, the last two rallies were both of around +142%. In symmetrical terms we are around the 0.618 Fibonacci level mark where both Bullish Legs had a technical pull-back.
The key bullish development of last week though has been the break above the Lower Highs trend-line, which in line with previous Legs, has been the confirmation of the start of the long-term rally. As a result, we have now validated that the Bearish Leg is behind us and any pull-backs this structure gives, will be buy opportunities.
Our Target is intact at $295.00.
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AMD is setting up for another long-run
Jan / Feb 2024 Advanced Micro Devices broke-out & cursed up the charts.
Then it took a couple of months to pullback & then entered some months of consolidation.
Now, its pulled back like a sling-shot and ready to go again.
Plus, it has so much in common with Nvidia.
AMD: Close to giving the signal for mega buy to $295.Advanced Micro Devices is about to test the 1D MA200 on very healthy bullish technicals on the 1D timeframe (RSI = 60.924, MACD = 3.070, ADX = 28.078). This chart is on the 1W timeframe which is still neutral (RSI = 52.205, MACD = -1.400, ADX = 23.295), meaning that if the 1D MA200 breaks, the market would still be significantly undervalued with strong upside potential. As shown the long term pattern is a Channel Up, with the Fibonacci levels explaining pressure zones. The two bullish waves of the Channel have remarkably been of the exact same rise (+143.89%). If the once that will be validated by the 1D MA200 crossing posts the same rally, we expect the 0.786 Fib Channel level to be reached and we will set our target accordingly.(TP = 295.00).
Perhaps the strongest reason to buy for the long term right now is the Bullish Cross on the 1W MACD (seen on the pane below the chart). This has been formed exactly on the two prior bottoms of the Channel on November 6th 2023 and November 14th 2022. Combined with the 1D MA200 breakout, this MACD formation is the mega buy signal we've been waiting for.
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