Advanced Micro Devices, Inc. (NASDAQ:AMD) HEFFX Highlights

Advanced Micro Devices, Inc. (NASDAQ:AMD) HEFFX Highlights

Advanced Micro Devices, Inc. (NASDAQ:AMD) HEFFX Highlights

  • AMD’s Epyc server chips look very competitive in early benchmarks versus Intel’s latest Xeon chips.
  • However, there’s more to the story, and AMD’s penetration of the server market isn’t necessarily straightforward.
  • Still, all things weighted, it would look like there are significant niches to be explored by AMD.

Advanced Micro Devices, Inc. is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company’s segments include the Computing and Graphics segment, and the Enterprise, Embedded and Semi-Custom segment. The Computing and Graphics segment primarily includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics. The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom SoC products, development services, technology for game consoles and licensing portions of its intellectual property portfolio.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 12.55.

The projected upper bound is: 15.38.

The projected lower bound is: 12.37.

The projected closing price is: 13.87.

ADV MICRO DEVICE closed down -0.120 at 13.800. Volume was 5% below average (neutral) and Bollinger Bands were 8% narrower than normal.

Open         High        Low          Close         Volume
14.030      14.120      13.510      13.800      71,690,792

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period          50-period         200-period
Close:                       13.50                 12.16                  11.17
Volatility:                69                       77                       80
Volume:                   81,006,240      83,609,440      64,783,404

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ADV MICRO DEVICE is currently 23.5% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into AMD.O (mildly bullish). Our trend forecasting oscillators are currently bullish on AMD.O and have had this outlook for the last 28 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 40.0000. This is not an overbought or oversold reading. The last signal was a sell 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 57.18. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 15 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 65. This is not a topping or bottoming area. The last signal was a sell 13 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 4 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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