AMD weekly special report based On 1.00 Lot Calculation:
AMD: ANALYSIS AND EVENTS
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Advanced Micro Devices, Inc. (AMD) produces semiconductor products and devices. The Company offers products such as microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products and supplies it to third-party foundries, as well as provides assembling, testing, and packaging services. AMD serves customers worldwide.
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AMD market capitalization is around 115.43 billion dollars which puts this company as one of the biggest GPU producers in the world.
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COMPETITIVE ADVANTAGE: AMDs pace of innovation, brand strength along with its strong engineering team enables AMD to release its products faster than most of its competitors.
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EVENT (January 31, AFTERMARKET): Q4 EARNING REPORTS: AMD will announce its Q4 earning reports on January 31, aftermarket. According to Bloomberg from the last 10 earnings releases, AMD EPS was all 10 times above expectations and 9 out of 10 times AMDs revenue beat expectations.
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TECHNICAL ANALYSIS: According to monthly Stochastic and MACD oscillators, AMD price is on the deep oversold area which could imply trend reversal.
AMD: PRICE ACTION
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THE STOCK HAS HAD A DOWNWARD CORRECTION OF AROUND 67% FROM IT'S ALL- TIME HIGH OF $164.36 (November 28, 2021). The stock fell to its lowest level since July 2020 at 54.52$ in September 2022 . AMD was last trading around $71.58, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 130%, however the price could decline further.
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ANALYST OPINION: Bernstein forecasts $95 a share. Susquehanna forecasts $80. Wedbush forecasts $100. Credit Suisse forecasts $90. Bloomberg one year price target consensus stands at 84.94$.
#AMD, January 19, 2023
Current Price: 69.80
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AMD |
Weekly |
|
Trend direction |
|
|
104.00 |
|
|
90.00 |
|
|
81.00 |
|
|
60.00 |
|
|
55.00 |
|
|
47.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
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Pivot Points |
||||||
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Profit or loss in $ |
34,200.00 |
20,200.00 |
11,200.00 |
-9,800.00 |
-14,800.00 |
-22,800.00 |
|
Profit or loss in €2 |
31,611.05 |
18,670.86 |
10,352.16 |
-9,058.14 |
-13,679.64 |
-21,074.04 |
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Profit or loss in £2 |
27,728.23 |
16,377.49 |
9,080.59 |
-7,945.52 |
-11,999.35 |
-18,485.49 |
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Profit or loss in C2 |
46,167.26 |
27,268.38 |
15,119.10 |
-13,229.22 |
-19,978.82 |
-30,778.18 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 09:35 (GMT) 19/01/2023
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more details