Advanced Micro Devices, Inc. (NASDAQ:AMD) Real Competition Against NVIDIA

Advanced Micro Devices, Inc. (NASDAQ:AMD) Real Competition Against NVIDIA

Advanced Micro Devices, Inc. (NASDAQ:AMD) Real Competition Against NVIDIA

  • AMD is finally unveiling its Radeon RX Vega family of GPUs today, designed to compete with Nvidia at the high end of gaming PCs. Its been years since AMD has truly competed at the top, and the last new flagship card, the Fury X, was released back in 2015.
  • AMD’s Fury X was a reasonable competitor with its unique high-bandwidth memory (HBM), but Nvidia toppled it by releasing the powerful GTX 980 Ti. More than two years later, there’s now a gap in the market that’s been dominated by a standard combination of an Intel Core i7 processor and Nvidia GTX 1080 grahics card. AMD wants to attack that gap on August 14th.
  • We’ve seen plenty of teases about the Vega architecture over the past year, but AMD is now revealing pricing and release dates today for its high-end cards. AMD is launching three cards, with the top being liquid cooled. The standalone Radeon RX Vega 56 (with 56 compute units) will debut on August 14th priced at $399, alongside the $499 Vega 64 air cooled card.
  • AMD is also launching Radeon Packs that bundle games and discounts for hardware that will match the GPU, and you’ll need to opt for one of these if you want a liquid cooled version of the Vega 64.

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 stalling.

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 12.72.

The projected upper bound is: 15.28.

The projected lower bound is: 12.73.

The projected closing price is: 14.01.

ADV MICRO DEVICE closed down -0.170 at 13.950. Volume was 13% below average (neutral) and Bollinger Bands were 22% narrower than normal.

Open        High         Low           Close         Volume
13.845      14.100      13.680      13.950      66,763,752

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

Moving Averages: 10-period           50-period        200-period
Close:                       13.96                  12.70                 11.49
Volatility:                45                        63                      80
Volume:                   90,298,088      86,040,168      67,579,400

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 21.4% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of AMD.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on AMD.O and have had this outlook for the last 37 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 33.5484. This is not an overbought or oversold reading. The last signal was a sell 11 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 54.64. 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 24 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 -11. This is not a topping or bottoming area. The last signal was a sell 1 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 sell 0 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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