$AMD - puts below $147.50 at 0.5 fib level.AMD - Stock down on earnings report now testing 0.5 fib level at $147.87. if breaks next support at $141.66 at 0.618 FIB level. Stock is weak on indicators looking for puts below $147.50.
AMD trade ideas
AMD Technical Analysis for Nov. 12, 2024Technical Analysis Breakdown:
Support and Resistance:
The price of AMD is currently testing resistance around the $152 level. A confirmed break above this level could trigger a strong move upward. The next key resistance is located at $156, and I'll be watching closely for price action around this zone. Immediate support is around $146, with a stronger support level near $140, which could provide a cushion if the price declines.
Indicators and Patterns:
RSI: The RSI is in a neutral zone, not showing overbought or oversold conditions. This indicates the potential for further movement in either direction depending on price action at resistance or support.
MACD: The MACD is currently signaling a mild bullish divergence, which suggests some strength in the recent uptrend. However, momentum is relatively low, so confirmation of a trend continuation would be ideal before entering a position.
EMA: Price is currently trading around the 9 EMA, which suggests a cautious stance in the short term. If it holds above this EMA, it may signal continuation of an uptrend, while a drop below could indicate a short-term downtrend.
Chart Pattern: The chart is showing a wedge pattern, indicating a potential breakout in either direction. A break above the upper boundary of the wedge could indicate bullish momentum, while a break below may signal bearish sentiment.
Trade Setup:
Entry: I’m looking to enter at around $152 on a confirmed breakout above this resistance or a bounce off the $146 support.
Stop Loss: A protective stop is set at $144, just below the $146 support, to minimize risk in case of a false breakout.
Target: First target is $156, with a second target at $160 based on previous highs and potential breakout continuation.
Risk/Reward:
This setup offers a favorable 2:1 risk/reward ratio. With a well-defined stop-loss and clear targets, this trade provides a solid opportunity for success while effectively managing risk.
Conclusion:
With AMD testing key resistance levels and indicators suggesting potential for a breakout, this setup looks promising for a bullish move if the price confirms a break above resistance. However, be cautious of false breakouts and monitor price action closely. Ensure sound risk management by using stop-losses and only risking a small portion of your capital.
Disclaimer:
This analysis is not financial advice. Please do your own research before making any trades. Trading involves risk, and past performance is not indicative of future results.
AMD scenarioToday we are in a distinctly upward trend, we set a high and now we are correcting in a corrective way to the 0.5 areas of the trend (Fibonacci) + to interesting liquidity areas.
In my opinion, we will receive a continuation of declines according to the scenario I drew - in my estimation, the distribution of dividends at the beginning of 2025 will bring in smart money - we will receive a decline into buying and then we will begin to build long-term positions up to an all-time high.
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 is looking spicy!boost and follow for more ❤️🔥 Chart kind of speaks for itself, AMD is at trend support and support zone making it a cluster support zone. Rally to 182 - 212 targets 🎯 is very possible and can happen in the next few months..
Stock Analysis: Advanced Micro Devices (AMD) – October 30Technical Analysis and Price Targets
Following AMD’s Q3 2024 earnings release on October 29, the stock is still positioned within a symmetrical triangle, signaling a potential breakout. The updated earnings data, along with key technical indicators, provide a refined outlook on AMD’s likely price movement.
Bullish Scenario: A breakout above $170 could push the stock toward two main targets:
Target 1: Around $186, aligning with previous resistance, would likely confirm buyer strength and signal renewed upward momentum.
Target 2: Around $225.50, which would represent a multi-year high, indicating strong investor confidence in AMD’s growth potential within the AI and data center markets.
Bearish Scenario: If AMD fails to hold support at $140, a breakdown could target lower levels:
Target 1: Around $128.66, representing an initial support level that may signal sustained selling pressure.
Target 2: Around $93.62, which would suggest a significant downtrend if broader tech market sentiment or sector-specific risks intensify.
Key Technical Indicators
Moving Averages: AMD’s 50-day moving average crossing above the 200-day average, forming a “golden cross,” suggests a potential bullish trend. Confirmation, however, is needed through a breakout above resistance.
RSI: The Relative Strength Index is at 43, suggesting neutral-to-slightly oversold conditions. This leaves room for a potential bullish move if positive sentiment gains traction.
ADX: With an ADX of 17, the current trend lacks strong direction. A rising ADX following a breakout would confirm the strength of the next move.
Q3 2024 Earnings Summary
-AMD’s Q3 earnings exceeded Wall Street estimates, with revenue reaching $6.82 billion compared to the expected $6.71 billion
SHACKNEWS
-The revenue increase was largely driven by the data center segment, which recorded $3.5 billion in sales—a year-over-year growth of 122%
MARKETBEAT
-This performance highlights AMD’s successful expansion in high-growth areas, particularly with its EPYC server processors and products geared toward AI applications.
Despite the strong earnings, AMD’s stock reaction was mixed. The stock rose by $6.33 during regular trading hours on October 29 but fell by over $10 in after-hours trading. This cautious response likely reflects broader market concerns, including rising interest rates, economic uncertainty, and geopolitical factors such as U.S.-China trade tensions that may impact supply chains and production costs for semiconductor companies
Sector and Economic Context
AMD’s data center success comes amid a semiconductor industry facing complex conditions. Demand for AI and high-performance computing continues to drive growth opportunities. However, recent U.S. restrictions on chip exports to China and efforts to relocate manufacturing to the U.S. add layers of uncertainty. While reshoring may benefit companies like AMD in the long term, it could also lead to near-term logistical challenges and added costs.
Macro factors, including high interest rates and potential economic slowdowns, also pose risks to tech stocks. Growth stocks like AMD are often more sensitive to rate hikes, as higher borrowing costs reduce the appeal of future earnings.
Investment Strategy
For Bullish Traders: If AMD breaks above $170 with high volume, it could signal a buying opportunity, targeting $186 and potentially $225.50. Given the company’s recent performance in AI and data centers, such a move would reflect confidence in its strategic direction and growth potential.
For Bearish Traders: A breakdown below $140 could indicate a bearish setup, targeting $128.66 initially, with a possible extension to $93.62 if selling pressure intensifies. This approach may be favorable for traders looking to capitalize on downside risks associated with economic uncertainty and sector-specific challenges.
Long-Term Investors: Those with a long-term perspective may see AMD’s current price consolidation as an opportunity to accumulate shares at a reasonable price, especially given its strong positioning in AI and data center markets. A cautious, dollar-cost averaging approach could mitigate short-term volatility while taking advantage of AMD’s growth potential in the semiconductor industry.
Conclusion
AMD’s Q3 2024 earnings highlight the company’s strength in high-demand sectors, yet the stock’s mixed response indicates investor caution. The anticipated breakout from the current triangle pattern will be crucial in setting the next trend. As AMD navigates a rapidly evolving industry landscape, investors should stay vigilant for both technical signals and broader economic developments to inform their strategies.
AMD Trend RetestBig oof for AMD after earnings, but perfect retest of the channel/triangle breakout this morning. If it can maintain, I like the long up to fill the gap at least, next targets after that are $187 and $215 from another idea.
Be careful with AMD !!!In my opinion, the shares of this company are 14.5% overvalued and should reach a price of $137. The reason for the recent decline in AMD shares is due to cautious statements at Morgan Stanley. Advanced Micro Devices (NASDAQ:AMD) shares fell more than 3% on Tuesday following cautious comments from Morgan Stanley, highlighting concerns over the company's AI supply chain strategy.
Analysts noted that AMD appears to have reduced its wafer bookings for MI325 at Taiwan Semiconductor Manufacturing Company (TSMC) for 2025 due to uncertainty over MI325 demand. Morgan Stanley stated, 'It appears that AMD has reduced some of its CoWoS wafer bookings at TSMC for 2025 due to uncertainty over MI325 demand. This move indicates AMD's conservative approach to managing potential demand volatility for its AI processors.'
However, Morgan Stanley analysts added that Nvidia (NASDAQ:NVDA) quickly absorbed the vacated capacity at TSMC, emphasizing Nvidia's aggressive positioning in the AI market.
The bank's note also provides insight into broader trends in the semiconductor industry, indicating that other companies are ramping up production. For instance, Marvell (NASDAQ:MRVL) tripled its CoWoS bookings for 2025 compared to 2024. Meanwhile, Intel's Habana division kept its wafer bookings at TSMC unchanged, indicating stability in its AI-related production.
The cautious tone from analysts on AMD follows a period of intense competition in the AI space, with Nvidia strengthening its leadership. The note also mentions that 'WPG's sales in the third quarter grew 25% quarter-over-quarter, compared to previous guidance of only 5.5% quarter-over-quarter growth,' with the bank noting 'increased business from AMD processors and GPUs.
AMD - ALTERNATE Bear Case - Confluence at $95Warning - before you come attacking me full force - this is an alternate bearish scenario for AMD - not my primary scenario, but I noticed a few things that I must point out.
1. 2 5-wave structures - Between Oct 2022 and Mar 2024 we completed 2 structures that can be counted in 5 waves, but the resulting pullback from Mar 2024 to Aug 2024 came back a bit deeper than I would have expected for an impulsive move. This is suspect.
2. ABC Corrections - a 3 wave correction can be seen all over the place but what I want to point out is the structure I outlined in point 1 above can be seen as impulsive. The pullback off the first 5-wave structure only retraced 38.2% - which is fine - but - that only works in a very bullish market - which we were in - but where's the follow through? After Mar 2024, there was a severe lack of follow through.
3. From Mar 2024 - we see a clear 3-wave correction - but now that we have the monster ABC correction outlined in point 2 above, measuring it puts the 61.8% internal retracement fib (the golden zone between 61.8-65%) at $95 AND if you measure the correction from Mar to Aug 2024 and project it from the pullback in early Oct 2024, you get a 100% extension target at.... $95 - coincidence? Well, that also happens to be the bottom of the Oct 2023 correction as well.
TL/DR? I'd be a heavy buyer at $95 if we get there.
Incoming 70% correction to $40 for AMD?On the above 7 week chart price action has rallied 10,000% since 2016. Cathie Wood is now a buyer. Should we be concerned?
Yahoo finance - August
“Cathie Wood-Led Ark Invest Buys $47.5M Of AMD Shares”
source:https://tinyurl.com/zc3cah5p
Motley Fool - September
“AMD is more stable financially and boasts a more established role in artificial intelligence than Intel. Alongside recent growth in its data centre division, AMD's stock is too good to pass up.”
source: tinyurl.com
Madness.
Why bearish?
Failed trend support. It is very clear to see, price action has broken through support.
Rising wedge breakout. The trend support breakout confirmed the rising wedge direction. Yes price action could rally all the way to 190 in the next 1 or 2 candles but that would not invalidate the wedge. The rules of a rising wedge allow us to forecast the correction magnitude, 70% to the $40 area.
The best for last.
** Double top bearish divergence with Gravestone DOJI **
Not since 2016 has this many oscillators printed negatively with price action. Both instances measured with the same specifications. This higher high in price action with a lower low in RSI (among others) following a Gravestone DOJI print…. Go Cathie.
A clearer picture of the Gravestone DOJI is shown below.
Is it possible price action continues to rise? Sure.
Is it probable? No.
Ww
7 week Gravestone DOJI
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 $120 level, we maintain our bullish outlook. However, losing this level would confirm a bearish trend shift.
We expect continued volatility, particularly post-earnings, and will monitor for a potential move higher or consolidation around these resistance levels. We are optimistic about AMD’s prospects but await further developments at this critical juncture.
AMDs not doneFor the most 2024, AMD has taken a seat back in the market - being up less than 6% YTD - while wall street AI darling NASDAQ:NVDA has enjoyed major growth, rallying up over 140% YTD. Although AMD is known for having one of the most overvalued Forward P/E ratios, from a technical perspective and overall market outlook for Q4 2024, I think there is still some room for AMD to climb higher.
Since Q4 2022, AMD has remained within this rising channel testing support and resistance in a series of higher highs and higher lows, and currently sits at a key support area on the weekly chart. AMD's 246B "miniscule" market cap compared to NVDA's 2.9T requires less trading volume to see a significant move up, and with rate cuts tipped in the markets favor for Q4, I think we can easily see a 175$ - 185$ AMD by years end. It’s also good to see that Trading View’s current analyst rating sports AMD as a “buy”, while the average 1Y price forecast sits at 186$.
A lot of people cover this so stock so I will be looking to cover this on a weekly basis. Best of luck!
AMD With Bullish Outlook Before EarningsAhead of the quarterly figures, AMD presents a medium-term bullish picture. The OBV shows a long-term hidden bullish divergence, while the price is trending upwards.
We therefore expect the price to move towards USD 169.50 in the near future as there is an unmitigated order block and a potential liquidity grab.
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 eyes on $172 above and $154 below: Key zones after dud eventAMD live event was apparently a dud.
Was at resistance already, so easy drop.
Green support zone below is a Must-Hold.
$ 163.30 - 163.55 is minor support that looks burnt.
$ 151.42 - 154.86 is crucial zone with strong bottom.
$ 171.10 - 174.28 is key resistance with strong middle.
===============================================
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AMD Technical Analysis on Oct. 29, 20241. Trend Analysis and Chart Patterns:
Ascending Trendline Support: AMD is showing an uptrend with higher lows, as indicated by the ascending trendline. This trendline can act as support, and a break below could signal a potential shift in trend.
Bullish Momentum: AMD has recently broken above a previous consolidation, which can indicate bullish momentum if it holds above the breakout level.
2. Support and Resistance Levels:
Immediate Resistance Levels:
161.31 - 163.00: AMD is close to this resistance zone, where selling pressure might emerge. If it breaks above 163, it could indicate continued bullish strength.
Support Levels:
158.28: This level aligns with recent consolidation and might act as short-term support if AMD retraces.
152.33: A significant support level from a previous pivot low, marking a potential reversal point in case of a deeper pullback.
150.55: Key support below, where buyers may step in if AMD sees a sharp decline.
3. MACD and Volume Analysis:
MACD: Slight bearish crossover, indicating weakening momentum. If MACD remains below the signal line, it may indicate a pullback or consolidation phase.
Volume: Recent volume spikes on upward moves suggest strong buying interest. Lower volume on pullbacks would support a continuation of the uptrend.
4. Trading Strategy:
Scalping Opportunities:
Long Entry: Consider going long around 158.28 if it shows a bounce, with a target towards 161.31 and beyond.
Short Entry: If AMD breaks below 158.28 with strong volume, a short position could target 155.78 or lower.
Swing Trading Strategy:
Bullish Scenario: A break above 161.31 with strong volume could indicate an opportunity to swing trade to 163 or higher. Look for confirmation with a higher low forming above 158.28.
Bearish Scenario: A break below the ascending trendline and 152.33 may suggest a short-term bearish trend reversal. In this case, 150.55 would be a possible target.
5. Key Levels Summary:
Support Zones: 158.28, 155.78, 152.33, 150.55
Resistance Zones: 161.31, 163.00
6. Expected Direction and Price Action Today:
Open: Expect AMD to test 161.31 at open. If it fails to break this resistance, it may pull back to test support levels around 158.28.
During the Day: If 158.28 holds as support, AMD could see a bounce and consolidate around 161.31. If this level breaks, expect it to test 163.
Close: Likely bullish close if it holds above 161.31, but bearish sentiment could emerge if it fails to break this level and dips below 158.28.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results. Conduct thorough research or consult a financial advisor before making trading decisions.
Earning report Today! Can $AMD breakout the downtrend line?
Technically, AMD is closing to the downtrend line again. There was a FAKEOUT three weeks before.So will NASDAQ:AMD truly breakout the downtrend line this time?
It will depends on the earnings report today!
Here are 3 Things I'm Watching in NASDAQ:AMD 's Earnings on Tuesday
1. MI300 Series: Flagship AI GPU
• Their new Instinct MI300 series GPUs are built to compete directly with NASDAQ:NVDA H100 chips, supporting both training and inference for large-scale AI models. The MI300 offers high memory capacity and multi-chip module (MCM) architecture, making it suitable for AI workloads that require massive data processing. Early deployments include partnerships with key cloud providers like NASDAQ:MSFT Azure -- which is leveraging AMD’s GPUs for its AI infrastructure.
2. AI-Powered Accelerated Processing Units (APUs)
• Their APUs, which combine CPU and GPU capabilities on a single chip, are designed to handle AI tasks efficiently in edge computing and consumer applications. For instance, AMD’s latest Ryzen AI-powered APUs provide AI acceleration directly in laptops -- aiming to improve tasks like image processing and natural language interactions.
3. Capturing AI Market Share
• Their approach is centered around capturing a larger share of the rapidly growing AI semiconductor market, which is projected to surpass $400B by 2030. As AI models become more sophisticated, they require increased computational resources. AMD’s focus on energy efficiency and competitive pricing allows it to offer alternatives to Nvidia, making it more appealing to enterprises managing rising energy costs and budget constraints. Unlike Nvidia, which has historically focused on high-end GPUs, AMD’s diverse product mix, including CPUs, APUs, and data center GPUs, enables it to serve a broader range of AI use cases. This could lead to more consistent revenue growth as AI applications proliferate beyond just data centers -- spreading into edge devices and personal computing.
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.
Trade 1: AMD, long, Entry: 158.90, Stop: 156.20, Timeframe: dail*Trade Type:** long
**Ticker:** AMD
**Entry Price:** 158.90
**Stop Loss:** 156.20
**Take Profit 1:** 164.12
**Take Profit 2:** 168.82
**Risk/Reward Ratio:** 1.97
**Timeframe:** daily
**Trading idea only, not financial advice. Any use of this information is solely at the user's own risk.**
$AMD earnings playNASDAQ:AMD Earning on Tue. Could move either side 10-15$. Need to hold Friday low on Monday. I will go Long above 158 level break. Should be careful at 160 level which is recent resistance. If we break above, this could easily hit 168$ level with good earnings. Down side as well if this breaks Friday low can go down to next target (yellow line)
AMD: Expecting a BIG Move UpwardAMD broke out of a bullish descending wedge in late September and has since shown little sign of a significant breakout to the upside. We are seeing higher highs and higher lows as well as an upward continuation in the weekly SMA's. I have drawn out to Fibonacci extensions from the high and low of Aug/Sept and another using the high and low of October leaving us with a PT range between 180 and 189 after earnings.
AMD earnings call.Following Tesla positive earnings call on Friday and based of my chart analysis , I’m pretty bulish on AMD and my price target for this is 186..
Always remember to do your research and this is not financial advice .
