Buy Advanced Micro Devices | NASDAQ AMD | Naranj Capital

 BUY   Advanced Micro Devices (NASDAQ: AMD)

Advanced Micro Devices (NASDAQ: AMD) STOCK RECOMMENDATION

Idea BUY
Buy Range 173 – 177
Target 190 – 194
StopLoss* below 165
Duration 14-15 Trading Days
Potential Returns 8% – 10%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 173 – 177 190 – 194 below 165 14-15 Trading Days 8% – 10%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Advanced Micro Devices (NASDAQ: AMD) STOCK OVERVIEW

Advanced Micro Devices, Inc., a global leader in semiconductor technology, specializes in cutting-edge x86 microprocessors, graphics processing units (GPUs), embedded processors, and semi-custom system-on-chip (SoC) solutions. With a diverse portfolio that includes microprocessor and SoC development services, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products, AMD caters to a wide range of industries. Serving clients across the Data Center, Client, Gaming, and Embedded segments, AMD collaborates with original equipment manufacturers, design manufacturers, public cloud service providers, system integrators, independent distributors, and add-in-board manufacturers. Headquartered in Santa Clara, California, AMD has been driving innovation since its establishment in 1969.

Stock Data
NASDAQ Symbol AMD
Sectoral Index Technology – Semiconductors
52 Weeks High 227.3
52 Weeks Low 93.115

Advanced Micro Devices (NASDAQ: AMD) - RELATIVE STRENGTH

AMD vs NASDAQ-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Advanced Micro Devices —     NASDAQ —

Advanced Micro Devices (NASDAQ: AMD) - DAILY TECHNICAL ANALYSIS

AMD-DAILY TECHNICAL ANALYSIS
Advanced Micro Devices (NASDAQ: AMD) - Technical Analysis (Daily)
  • The price was previously consolidating and created a Rounding Bottom pattern.
  • Following the breakout, the price increased significantly and formed a Bullish Pole and Flag pattern.
  • After another breakout, the price reached its all-time high near the 227 level.
  • However, the price experienced a strong rejection and underwent a sharp decline.
  • Ultimately, the price found support near the 142 level and began moving upwards.
  • After a brief consolidation, the price formed a Double Bottom pattern and recently broke out.
  • There is an anticipation that the price may continue to rise from its current level.

Advanced Micro Devices (NASDAQ: AMD) - RSI

AMD-RSI
Advanced Micro Devices (NASDAQ: AMD) - RSI
  • Current RSI of this stock is 67.60, which indicates the strength of buyers.

Advanced Micro Devices (NASDAQ: AMD) - MACD

Advanced Micro Devices (NASDAQ: AMD) - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Advanced Micro Devices (NASDAQ: AMD) - EMA Cross

Advanced Micro Devices (NASDAQ: AMD) - EMA Cross
  • The short length exponential moving average (10 EMA) has just crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Advanced Micro Devices (NASDAQ: AMD) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Advanced Micro Devices stock price target will be USD 190 – USD 194 in the next 14-15 trading sessions.

Advanced Micro Devices (NASDAQ: AMD) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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