AMD Stock: Continued Downtrend Expected After Short-Term Rebound



The AMD weekly trend has been in a Bearish zone for the past 13 weeks. Although there was a recent uptrend over the last 3 weeks, this week marks a point where the buying momentum from the uptrend is gradually weakening, and selling pressure is strengthening, indicating a re-entry into a downtrend.

It is anticipated that a similar pattern will continue into the next week, with a potentially larger downward movement. Following this trend, it is expected that a downtrend will persist over the next 3 to 4 weeks. A reversal into an uptrend is projected around mid-November.

It is worth noting that this prediction is subject to change based on the direction of the US stock market, given the 74% similarity between AMD's trends and the broader US market. Even if a reversal to an uptrend occurs in November, the overall trend is likely to remain within the Bearish zone, limiting potential profits. Any strong upward movement indicating a significant uptrend may require a considerable waiting period.


Oct 09, 2023

Closed price

105.09

-2.00%

 

 

Appropriate Investment Position: Bearish-Sell [Long-term strategy]

This week's stock price Buy-Sell intensity analysis

The current trend appears to be 'Entering a downtrend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing an appropriate HIGH-price to the current trend and a weaker LOW-price Finally, the CLOSE-price closed with a weaker decline rate than the current trend.

The overall buy-sell intensity indicates that the sell intensity is stronger than the buy.

Assuming that the average sell intensity is -100%,

This week's sell intensity is

-5%

 

 

Next week's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like AMD stock will enter a Downtrend next week

The %intensity of Risk & Return next week :

-100%

HIGH ~ LOW % range next week :

1.0%

-7.5%

Predicted Average loss over the next 3 weeks:

-14.0%

The price of AMD stock moves in line with the rise and fall of the stock market index with a probability of

74%

 

, and conversely, it moves against the stock market index trend with a probability of

26%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-week forecast may also change.

AMD stock price 10 Week prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 weeks will follow a descending rectangle pattern, with a ratio of 6 : 4 for the downward to upward direction, indicating a higher proportion of the downward trend. And, in terms of the expected strength of the upward and downward movements, the downward strength is higher, while the upward strength is moderate. Currently, it's about to begin a downtrend as a rebound trend gradually gives way to small increases and sharp declines. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bearish zone. Therefore, it is recommended to implement a strategy to reduce risk and take a suitable investing position. A suitable investing position is 'Sell(Bearish)' for now. The appropriate selling timing is predicted to be this week or next week.

The selling date is

Oct 16

 

 

A good price to sell a stock:

$ 105.40

And the appropriate buying timing is predicted to be in 3 weeks.

The buying date is

Oct 23

to

Oct 30

A good price to buy a stock:

$ 92.67

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 1 week from now, 5 weeks from now, 8 weeks from now

73%

Prediction of Upper~Lower price range over the next 10 weeks

Price:

88.73

~

111.40

% Change:

-15.6%

~

6.0%

Median price between the upper and lower prices

100.06

-4.8%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 weeks, the average trend zone & level%

Bullish

22%

The Current trend zone & level%

Bearish

-27%

The expected average trend zone & level% for the next 10 weeks

Bearish

-44%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

38%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-82%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 week: Entering a downtrend

-100%

1.0%

-7.5%

In 2 weeks: Downtrend

-97%

0.7%

-5.1%

In 3 weeks: Entering a rebound trend

-22%

0.8%

-1.8%

In 4 weeks: Entering a rebound trend

47%

6.3%

-0.8%

In 5 weeks: Entering a rebound trend

32%

5.3%

-0.2%

In 6 weeks: Rebound trend

36%

4.6%

0.0%

In 7 weeks: Entering a downtrend

-90%

1.5%

-4.7%

In 8 weeks: Entering a downtrend

-100%

0.4%

-6.3%

In 9 weeks: Downtrend

-80%

1.8%

-4.5%

In 10 weeks: Entering a rebound trend

-87%

0.0%

-4.6%

Average closing price in case of rising:

 

5.0%

=> HIGH ~ LOW range:

8.3%

~

-3.8%

Average closing price in case of falling:

 

-6.0%

=> HIGH ~ LOW range:

3.3%

~

-7.2%

The 10-week prediction and technical analysis of AMD stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

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