Score 8.6 (out of 10): ADVANCED MICRO DEVICES indicates to return +30.3 rally in 3 months


What’s Going On Here?

ADVANCED MICRO DEVICES appears to have reached a potential bottom. During similar occasions, ADVANCED MICRO DEVICES shares had a median return of +30.3%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for ADVANCED MICRO DEVICES received a high score of 8.6 (out of 10). This insight was generated on 2023-May-5 with last price of 86.61.

ADVANCED MICRO DEVICES is in the Electronic Compo-Semicon business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: AMD US.

Historical Chart:

63.1% (July-2020), 24.5% (August-2019), 26.2% (May-2019), 35.5% (November-2018), 52.8% (April-2018), 5.3% (November-2017), -9.3% (August-2017), 5.9% (April-2017), 34.4% (January-2017), 77.4% (September-2016).

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 112.85 (+30.3%) has been reached. Based on ADVANCED MICRO DEVICES’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 81.71 (last price at 86.61), which is equivalent to a -5.7% decline.

Historical Chart:


Leave a Reply