Robots Generate Over 10% Returns on AMD Stocks ($115.96) Last Week.
On Friday, stocks rose at the end of the week following strong employment data for May. The Dow jumped 701.19 points, or 2.12%, marking its best day since January, and closed the week at 33,762.76. The S&P 500 increased by 1.45% to 4,282.37 points, while the Nasdaq Composite rose by 1.07% to 13,240.77, extending its sixth consecutive week of gains. Our robots also mostly closed in positive territory last week. Notably, the robots at Swing-Trader-High-Volatility-Stocks-for-Active-Trading-TA-FA and Choppy-Market-Trader-for-Beginners-Hi-tech-Stocks-TA-FA showed strong performance.
Over the weekend, President Joe Biden signed a debt ceiling law, averting a potentially catastrophic U.S. government default.
Investor sentiment was high on Friday after a sharp increase in nonfarm payrolls in May, as reported by the Labor Department. Employment in the government and private sectors grew by 339,000 jobs in May, surpassing the Dow Jones estimate of 190,000. Average hourly earnings rose by 4.3% on an annual basis, slightly lower than economists' expectations, and the average workweek shortened by a fraction. The report alleviated concerns about an impending recession.
As for economic data, traders can expect PMI data for May from the Institute for Supply Management and S&P Global on Monday, as well as April's manufacturing orders and durable goods. On Wednesday, the Mortgage Bankers Association will release its latest data on mortgage applications.
Momentum Indicator for AMD turns negative, indicating new downward trend
AMD saw its Momentum Indicator move below the 0 level on September 15, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 84 similar instances where the indicator turned negative. In of the 84 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for AMD turned negative on September 15, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for AMD entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AMD's RSI Oscillator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMD advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
AMD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AMD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.854) is normal, around the industry mean (7.944). AMD's P/E Ratio (588.235) is considerably higher than the industry average of (53.779). Projected Growth (PEG Ratio) (1.114) is also within normal values, averaging (2.342). AMD has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (7.194) is also within normal values, averaging (72.586).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of integrated circuits for semiconductors
Industry Semiconductors
AMD and
Correlation & Price change
A.I.dvisor indicates that over the last year, AMD has been closely correlated with ADI. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if AMD jumps, then ADI could also see price increases.
| Ticker / NAME | Correlation To AMD | 1D Price Change % | ||
|---|---|---|---|---|
| AMD | 100% | -1.46% | ||
| ADI - AMD | 80% Closely correlated | -1.76% | ||
| NVDA - AMD | 77% Closely correlated | -0.74% | ||
| AOSL - AMD | 76% Closely correlated | -3.50% | ||
| ASML - AMD | 74% Closely correlated | -2.29% | ||
| AMAT - AMD | 72% Closely correlated | -1.84% | ||
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