Score 8.6 (out of 10): ADVANCED MICRO DEVICES sets up for +21.9% rally in 3 months

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What’s Going On Here?

AMD has started shipping the first ever server CPUs built by overlaying individually manufactured chips on top of each other.

Why Now?

ADVANCED MICRO DEVICES has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, ADVANCED MICRO DEVICES shares had a median return of +21.9%, 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 2022-March-21 with last price of 115.92.

What’s This Company About?

ADVANCED MICRO DEVICES is in the Electronic Compo-Semicon business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth +32% (average). Ticker symbol: AMD US.

What’s My Risk / Reward and Time Horizon?

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 141.27 (+21.9%) 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 105.02 (last price at 115.92), which is equivalent to a -9.4% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

31.4% (October-2021), 7.7% (April-2021), -10.3% (February-2021), 49.5% (June-2020), 17.4% (March-2020), 72.6% (October-2019), 23.1% (August-2019), 14.5% (May-2019), 43.5% (January-2019), 20.7% (November-2018).

Historical Chart:

Summary:

NameADVANCED MICRO DEVICES
ViewUp
Star (1 to 10)8.6
Target+21.9%
Time3 months
Hit Rate90%

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