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Advanced Micro Devices Inc. Technical Analysis - Advanced Micro Devices Inc. Trading: 2023-05-04
Advanced Micro Devices Technical Analysis Summary
Below 81.22
Sell Stop
Above 90.76
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
Advanced Micro Devices Chart Analysis
Advanced Micro Devices Technical Analysis
The technical analysis of the AMD stock price chart on 4-hour timeframe shows #S-AMD, H4 breached below the 200-period moving average MA(200) which is leveling off. RSI indicator has entered “Oversold “ zone. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 81.22. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper boundary of Donchian channel at 90.76. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (90.76) without reaching the order (81.22), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Advanced Micro Devices
AMD stock plunged after the chip maker gave weak sales forecast. Will the AMD stock price continue retreating?
On Wednesday Advanced Micro Devices, Inc. (AMD) reported first quarter 2023 results. The company forecast Q2 2023 revenue of about $5.3 billion – below Wall Street forecast of $5.5 billion. And earnings calculated according to generally accepted accounting principles (GAAP) were actually negative, with AMD losing $0.09 per share for the quarter. However, the chip maker posted a (non-GAAP) profit of $0.60 per share on sales of $5.35 billion while Wall Street had expected only $0.56 per share on $3.5 billion sales. AMD's Data Center segment revenue grew to $1.3 billion during the first quarter, while PC chip revenue dropped 65% year over year to $739 million. And the gross profit margin fell 4 percentage points to 44%, while the operating profit margin turned from positive 16% to negative 3%. Shares of the company dropped on Wednesday 9.2%.
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