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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

AMD

Special Reports - 19/01/2023

19 January, 2023

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

AMD weekly special report based On 1.00 Lot Calculation:

AMD: ANALYSIS AND EVENTS

  • 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.

  • AMD market capitalization is around 115.43 billion dollars which puts this company as one of the biggest GPU producers in the world.

  • 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.

  • 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.

  • 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

  • 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.

  • 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

AMD

Weekly

Trend direction

UP

Resistance 3

104.00

Resistance 2

90.00

Resistance 1

81.00

Support 1

60.00

Support 2

55.00

Support 3

47.00

Example of calculation base on weekly trend direction for 1.00 Lot1

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

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

Profit or loss in £2

27,728.23

16,377.49

9,080.59

-7,945.52

-11,999.35

-18,485.49

Profit or loss in C2

46,167.26

27,268.38

15,119.10

-13,229.22

-19,978.82

-30,778.18

  1. 1.00 lot is equivalent of 100 units
  2. 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.

  • You may wish to consider closing your position in profit, even if it is lower than suggested one

  • Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more details

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