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AMD trade ideas

Better alternative for Nvidia NASDAQ:AMD might be a better alternative to NASDAQ:NVDA right now. Here are a few reasons why: 1. AMD has recently demonstrated stronger data center growth compared to Nvidia. 2. Nvidia appears to have reached a peak, with its revenue growth unlikely to remain as significant as before. 3. Nvidia's growth margins are slowing and even showing slight declines. 4. Nvidia's high stock price lacks a clear outlook for substantial gains. Considering these points, I believe AMD has the potential to outperform Nvidia in the coming months. However, AMD first needs to break out of its current downtrend. If that happens, I plan to reduce my Nvidia position and allocate it to AMD.
NASDAQ:AMDLong
by Glancu
Bullish Reversal on AMD with Trendline SupportAMD’s price action shows a strong upward trendline support, recently rebounding off this line around $143, suggesting a potential bullish reversal. This technical setup aligns with AMD’s solid fundamentals, including its growing presence in the server CPU market, stable financial performance, and ambitions in the AI sector. While AMD currently trails NVIDIA in AI market share, it has made strategic moves to position itself for growth in this high-potential area. This setup could see AMD moving toward previous resistance levels in the $170–$175 range. Fundamental Strengths : Dominant Position in the Server CPU Market : AMD has steadily gained market share in the high-performance server CPU segment, particularly with its EPYC processors. Leveraging advancements in power efficiency and performance, AMD’s server CPUs are increasingly adopted by major cloud providers and enterprise data centers. This expansion supports a robust revenue base and strengthens AMD’s positioning against competitors like Intel in the server and data center markets, a high-growth area driven by AI and data-centric applications. Solid Financials: AMD has consistently demonstrated strong financials, showing year-over-year revenue growth and improving gross margins. The company's strong balance sheet, with healthy cash reserves and manageable debt, gives it the flexibility to continue investing in R&D and expand market share. Additionally, the revenue from high-margin segments, such as data centers, boosts profitability and provides stability amid broader market volatility. AI Ambitions : While NVIDIA currently dominates the AI GPU market, AMD is actively pursuing growth in this space with its MI200 and MI300 series GPUs, targeting data centers and high-performance computing (HPC) applications. Although it has yet to capture significant AI market share, AMD’s commitment to AI development reflects a strategic ambition to diversify and tap into the growing demand for AI and machine learning hardware. As the AI market expands, AMD’s advances may gradually open new revenue streams, especially in areas complementary to its existing strengths in CPUs. Potential Trade Setup: Entry : Consider entering a long position (or a call option) around the current price of $143-145, leveraging the trendline support and AMD's promising growth outlook across multiple sectors. Target : Aim for a price target near $170, where previous highs could act as resistance, especially if positive sentiment around AMD's server CPU and AI ambitions builds. Stop-Loss : Place a stop-loss just below the trendline, around $135, to manage downside risk if the stock breaks below support.
NASDAQ:AMDLong
by Maleven11
AMD bulls on parade tgt $163Ok, I'm definitely thinking the bears are done in this for a bit. My work is all done through dowsing with a pendulum fyi. I know some technicals, but everyone does that already & I'm just doing things my own way. It's just more interesting, really, and often mind blowing (& frustrating). I've had a decent break from stocks & the market, and today went back in my journal & found on 10/1 that I had AMD lining up as a short in a couple days. Well, it wasn't the best short until the high of the 8th (ideally), but was easy to get on board once it started going down and did turn to a downtrend. Dowsing advised to exit the short on the date of 11/16 (a Saturday tho). So when I looked at the chart & see a low was made on the 15th, I get excited as this suggests selling could be over. Dowsing today says the most important thing to know is that "it'll keep going up" & is a "safe investment". The next date I have 3/11 as a daily swing high and exit date. This will be very interesting to see if these dates can get consistent. When I ask advice for investors I get a reversal & "spike down reverse up". This may be on NVDA earnings tomorrow or suggesting the past action. It seems a buying opportunity on dips.
NASDAQ:AMDLong
by JenRz
1
AMD: Final shot to rise in this Channel. $290 if successful.Advanced Micro Devices are bearish on the 1D timeframe (RSI = 38.717, MACD = -4.560, ADX = 33.691) but just under neutrality on the 1W technical outlook (RSI = 43.494, MACD = -3.840, ADX = 18.724). This indicates that this is the final support long term to reverse the medium term bearish sentiment and this is quite evident on this chart where the price is at the bottom of the 2 year Channel Up. Roughly every November inside this Channel (2022, 2023 and 2024), it is on a corrective wave (or has been the month before), so the symmetric structure on this pattern is very strong. Another reason to see a massive bullish wave next. The previous two peaked approximately 160 days after that low, completing a +141.24% rally from the HL. Consequently, we are aiming for a similar rally (TP = 290.00) by late April 2025. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AMDLong
by InvestingScope
7
AMD Advanced micro devices 24hr potterbox.AMD Advanced micro devices 24 hr potterbox. AMD is trading below the 50 percent line at about $140.00 as im righting this. it needs to come back up to $150.34 ish to be at the 50 % line. I use the box to plan my trades. I always try to buy longer time frame options. this seems to be working so far. i try to only buy quality stocks such as AMD,Tesla to trade but always do a finviz search for the strongest stocks to trade.$127.18 seems to be the bottom of the box. trade accordingly. not financial advise learning purposes only. Have a good day.
NASDAQ:AMDLong
by potrod
AMD going for a FLUSH to 94 levelsThe chart for AMD is displaying a large symmetrical triangle formation , with the price breaking below the lower trendline. Symmetrical triangles often signify indecision in the market, but this breakdown suggests that sellers are gaining control. The broader trend leading into the triangle and the breakdown signal a bearish continuation pattern. Oscillators and momentum indicators are skewed bearish, with no signs of reversal at this stage. Strong selling pressure confirms the potential for further downside. Declining volume during the triangle’s formation and a likely volume spike on breakdown signal a bearish continuation. Weakness in the tech sector or macroeconomic pressures could exacerbate the downward trend for AMD, watch closely for NVDA earnings to push this even lower. Entry Strategy: Short Position: Enter a short trade if the price stays below $134.90 with sustained volume confirming the breakdown. Aggressive Entry: Traders could scale into shorts immediately, as the price has already breached the triangle support line. Profit Target Calculation: Triangle Height: $140.90 (top of the pattern) - $128.37 (bottom of the pattern) = $12.53. Breakdown Target: Subtract the height ($12.53) from the breakdown point ($134.90): Primary Target: $122.37 If bearish momentum continues, the price could retest the major support level at $106.48. Further bearish extension may lead to $94.59 as a long-term target. Place a stop-loss above the breakdown level, at $138.50, to account for potential false breakdowns or whipsaws. A confirmed breakdown is expected to gain momentum within the next 1–2 weeks. Watch for increasing volume to validate the breakdown. I am going to take a position on Wednesday before NVDA ER.
NASDAQ:AMDShort
by EssieQuantumTrader
2
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.
NASDAQ:AMD
by BullBearInsights
2
Eyes on AMD for Potential Breakout Above $151 AMD has seen notable fluctuations recently, experiencing a pullback while being perceived as a robust alternative within the semiconductor sector. The company's price action has been closely watched, particularly as it navigates through the key support and resistance levels highlighted recently. - AMD's recent performance shows resilience despite facing headwinds, showing a span of highs and lows that suggests a consolidation phase. The stock has been testing significant levels and has garnered investor interest due to its potential in upcoming quarters. Friday's close indicates uncertainty after rebounding from a recent pullback, yet it remains in a bullish structure, outperforming some peers. - Key actionable insights for AMD include watching for a breakout above the critical resistance level of $150.98, which could signal renewed bullish momentum. Consider a long position if this level is convincingly breached. Conversely, if there is a rejection at this level or breaks below $145.30, it could indicate potential weakness or a deeper consolidation. - Sentiment analysis for AMD reveals a current sentiment score of 39.375, significantly improved from -32.08 last week. The sentiment change of 71.46 signals growing optimism among investors, with a total of 9 mentions across sources emphasizing AMD's relevance in current discussions. - Expert opinions highlight AMD as a stock to watch, particularly its positioning within the semiconductor market. Analysts note the critical nature of resistance at $150.98 and the importance of monitoring Nvidia's performance, as it may influence AMD's trajectory. - Based on the wisdom of all professional traders, the short-term targets for AMD are set at: Target 1: $150.98 Target 2: $162 Stop 1: $145.30 Stop 2: $138 Should AMD sustain above $150.98, a longer-term target of $162 could be realized within the next few weeks, contingent on broader market conditions. - Notable news affecting AMD includes ongoing developments in the semiconductor industry, where AMD continues to innovate in product releases. The company remains competitive in the market with its graphics processing units and processors, while broader sector trends indicate continued demand, particularly in cloud computing and gaming.
NASDAQ:AMDLong
by CrowdWisdomTrading
1
AMD Long Swing AMD is setting up well for a long entry. On the 2-day candle, AMD is holding within an ascending pattern, forming a bottom near an upward trendline as well as the 200-day moving average, signaling potential support. The setup offers a favorable risk-to-reward ratio, with the first price target at 187.25 (~30% potential gain) and a second price target around 227 (~56% potential gain). A stop loss can be considered if a 2-day candle closes within the lower demand zone (around 132, as highlighted), with the overall bullish uptrend invalidated on a close below ~121.
NASDAQ:AMDLong
by TristanJeffery
1