Score 8.7 (out of 10): ADVANCED MICRO DEVICES poised to seasonally rally by +18.8% during the next 90 days.

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What’s Going On Here?

ADVANCED MICRO DEVICES (AMD) will start supplying server processors to Meta Platforms (aka Facebook). AMD, in competition with Intel and Nvidia, showed off a graphics chip that can better handle artificial intelligence workloads. AMD currently has 10% market share.

Why Now?

ADVANCED MICRO DEVICES indicates an interesting 90 days seasonal set up. During similar occasions, ADVANCED MICRO DEVICES shares had a median return of +18.8% – 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 8.7 (out of 10). This insight was generated with last price of 152.45.

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 -8.9% less (average). Ticker symbol: AMD US.

What’s My Risk / Reward and Time Horizon?

We found 90 days 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 181.11 (+18.8%) 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 138.25 (last price at 152.45), which is equivalent to a -9.3% 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’ shown under (2), etc. 

Previous episodes:

24.9% (November-2021), 21.7% (November-2020), 14.7% (November- 2019), 17.9% (November-2018), -0.2% (November-2017), 23% (November-2016), 11.6% (November-2015), -0.1% (November-2014), 8.9% (November-2013), 8.5% (November-2012)

Summary:

NameADVANCED MICRO DEVICES
ViewUp
Star (1 to 10)8.7
Target+18.8%
Time90 days
Hit Rate90%

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