AMDCL trade ideas
$AMD - simplified. BEARISH "for me/imo"Here's my new assessment for our beloved NVDA's kid.
Retested Neckline for a beartrend.
market structure overall was bullish for a while - SPY/QQQ broke and had a trend change but AMD still on the verge of melting down.
MACD- RSI no signs of strength
🔍💼 AMD Stock Analysis 💡📈Sentiment Overview:
Cautiously optimistic sentiment surrounds NASDAQ:AMD , despite near-term challenges such as supply constraints impacting data center results. Analysts' price targets vary, indicating potential upside ranging from modest gains to substantial increases.
Critical Point:
The stock is at a critical juncture, with technical indicators suggesting a possible bullish reversal if it rebounds from current support levels. However, a move to new lows could signal further downside.
Price Targets:
Market response will determine if AMD can reach targets like $160 or even $180, indicating a potential complete reversal in sentiment.
Fundamental Strengths:
Despite near-term uncertainty, AMD's underlying fundamentals, including AI ramp and potential for improved data center results, warrant a moderate buy sentiment among analysts.
📊🚀 Investor Action: Monitor market dynamics and technical indicators closely for insights into AMD's future trajectory. #AMDStock #MarketAnalysis 📉💼
"Entry point support line""Key points to observe for profiting from a downturn: If the price drops below Support Level 1, it's a point to enter for profit from the decline. Support Level 2 serves as a profit-taking point if the candlestick falls to it."
AMD Stock Down 9.6% as AI Chip Forecast Falls ShortAdvanced Micro Devices Inc. ( NASDAQ:AMD ) is grappling with investor disappointment as its projection for artificial intelligence (AI) chip revenue fails to meet lofty expectations, triggering a notable decline in its stock price. The chipmaker forecasted revenue of about $4 billion for its MI300 lineup, an increase from previous estimates but below analysts' more optimistic projections, which had reached as high as $8 billion.
AMD's AI accelerators are designed to compete with offerings from Nvidia Corp., which currently dominates the lucrative AI chip market. Despite being regarded as a leading contender in this space, NASDAQ:AMD is encountering challenges in ramping up production to meet demand, a sentiment echoed by CEO Lisa Su. Supply constraints are inhibiting the company's ability to fully capitalize on the burgeoning AI market.
The tepid forecast extended beyond AI chips, with NASDAQ:AMD also providing a subdued revenue outlook for the current quarter. Sales are expected to reach approximately $5.7 billion, falling slightly short of analyst estimates. Weak demand for chips used in video game hardware has contributed to the subdued growth trajectory.
The disappointing forecast comes in the wake of a lackluster performance from rival Intel Corp., which anticipates sluggish demand in the first half of the year. Despite projecting modest growth in the current quarter, NASDAQ:AMD faces stiff competition from Nvidia, whose data center business continues to outpace its rivals.
While supply constraints are expected to ease later in the year, they are likely to impact AMD's performance in the near term. In the first quarter, the company reported earnings of 62 cents per share, exceeding estimates, and revenue of $5.47 billion. However, revenue from its PC chip division slightly surpassed expectations, while gaming-related revenue fell short.
Investors had previously fueled a rally in AMD's stock on bullish expectations for its AI prospects, but recent developments, including the announcement of a next-generation Nvidia chip, have tempered enthusiasm. The company's competitive landscape includes not only Nvidia but also Intel, particularly in the server and PC processor markets.
Technical Outlook
Advance Micro Devices ( NASDAQ:AMD ) stock is down 9.6% as at the time of writing trading with a weak Relative Strength Index (RSI) of 32.43 putting itself in a position of an oversold region. Traders ought to be careful incase of a trend reversal.
Short Opportunity AMDBearish P03 on AMD, breaker block confirmed, I don't think the price will go back much more as a lot of liquidity was taken, I'm targetting the downside liquidity.
4/30/24 - $amd buyer into print4/30/24 - vrockstar - obviously expensive but the EPS growth allows to make up whatever multiple. one of few co's that is probably minimally 2 yrs away from whatever nvda is putting out and has capacity to absorb something similar (e.g. groq) or partner w/ someone else. think the narrative on semis remains strong/ bid and any beat here will be a rip and stick. any dip is probably bought bc hard to understand why the guide would be something -ve. buyer on this print b/c of the give back and similar levels to last results
AMD reports for LONG?AMD reports 30-April: Popular stock + Above the average line 150 + Chip field is "HOT" + Fibonacci retracement. Is it possible to climb 42% to all time high? Only an idea and not a recommendation for trading!
AMD April 25, 2024: A Possible BottomOn April 25, 2024, I opened a pilot position in NASDAQ:AMD here for a few reasons..
The stock seems to react well at the MA-150 (the orange line) on the daily chart
On the weekly chart, NASDAQ:AMD is trading at a meaningful support which is the previous peak from 2022.
We should be careful here because the earnings will be released on April 30. And we can see recently that most tech stocks did not perform well after earnings, for example NYSE:IBM , NASDAQ:META , NYSE:NOW
Therefore, I am planning to keep this pilot position into earnings, and will consider adding to this position only if it works out well after earnings.
AMDEarnings around the corner.
looking some divergence in RSI and MACD.
hovering around 50 day MA is key
AMD Advanced Micro Devices Options Ahead of EarningsIf you haven`t bought AMD on the strong buy rating:
Then 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 170usd strike price Calls with
an expiration date of 2024-5-3,
for a premium of approximately $2.39.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMD | Good EntryAMD is now on the lower end of the upward channel and sits right on the daily MA-50. If you believe it will go up, then this is the perfect entry. If it drops out of the channel and below the MA-50, then it's time to go short.
AMD - Correction And LongsHello Traders, welcome to today's analysis of AMD.
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Explanation of my video analysis:
After the massive triangle breakout on AMD in 2016, we saw a rally of more than +7.000% towards the upside. After the recent bear market in December of 2021, where AMD perfectly retested previous structure, we saw another rally of +250%. I am now waiting for a retest of the triangle breakout level mentioned in the analysis and then I will look for even more long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Looking long on AMD today at close for a swing! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
AMD PRICE ACTION 23 JULY 2024This is the price action for AMD. If you have any doubts, make sure to DM here. I have discussed all the levels and my trade action as well.
NOTE:SELLING PRESSURE IS WAY TOO MUCH
Building my algorithms on a weekly chartThis has been a highly requested video and AMD may not have been the best place to start - but it is helpful to see nonetheless.
I will start to do this type of analysis video more in the future if people find it helpful toward building their own algorithms and their own "story".
See you all next time!
Happy Trading :)
- TraderDaddyOG
[Weekly] $AMD #AMD NASDAQ:AMD #AMD
A 6 weeks free fall of about 82$ creates a significant and an attractive opportunity.
The stock price is testing a 2 years upper broken wedge "gray" and a weekly demand zone dates back to December 2023.
Chip makers facing more competition, as per Barron'srecent article on Barron's chip makers are facing more competition, I did talk positive about AMD growth but mention about Cerebras Systems with a new IPO this year and a faster chip that will more than double NVDA's. The is still some selling pressure but we are reaching some good support and volume has decrease a bit on sell days.
AMD - The Psychological Pitfalls of a Market CycleNASDAQ:AMD is trading at a PE multiple of 296. Their CEO has done a very good job building confidence in the company but unfortunately the euphoria is over. The numbers don't jive and the market is starting to come to grips. Time for a reset of expectations. The Psychological Pitfalls of a Market Cycle at its finest
$AMD if it will bounce or reverse IT HAS TO SHOW SIGNS TOMORROW.If not then we are continue to see its down fall..
lowest it might tap is 135-133
earnings will either rekt them more or save them..
Good luck traders.
I have puts all over but swinging calls if opportunity presents itself "relief bounce"
$AMD - Head and shoulder break downNASDAQ:AMD On March 24, I posted about a potential head and shoulder pattern forming on the chart and mentioned that we could see it decline to $160. Well, it went past that area.
A full measured move for the breakdown is $121, which coincides with a check back to the uptrend line established since October 2023.
Judging from the magnitude of this pullback and the RSI being close to oversold, I would think it is close to bottoming.
Here are the support levels below:
$136 (200-day moving average)
$121 (trendline checkback)
