Amd price prediction by end of the week

The price of Advanced Micro Devices (AMD) by the end of the week is difficult to predict with certainty, but here's a detailed analysis based on various indicators:

1. Current Price and Trends: AMD's closing price as of September 3, 2024, was $136.94. The stock has experienced a recent decline of 7.1%, indicating a bearish short-term trend.

2. Technical Indicators:
   • The Moving Average Convergence Divergence (MACD) is negative at -0.44, suggesting a bearish momentum.
   • The Relative Strength Index (RSI) is at 28.15, indicating that the stock is neither overbought nor oversold.

3. Analyst Ratings and Price Targets:
   • The consensus rating is a "Buy" with an average price target of $184.44, suggesting potential upside from the current price.
   • However, the average price target from analysts is $190.25, with a high estimate of $250 and a low estimate of $150.
4. Market Sentiment and News:
   • The call put ratio is 1.2 calls to 1 put, indicating a slight preference for calls, which can be a sign of optimism.
   • The appointment of Keith Strier as senior vice president of global AI markets could potentially benefit AMD's AI capabilities and future growth.
5. Historical Performance and Predictions:
   • AMD has shown strong performance in the AI sector, which could be a key driver for future growth.
   • Analysts have provided varying long-term price targets, with some predicting significant increases by 2025-2026.

In conclusion, while there are signs of bearish sentiment in the short term, the overall analyst sentiment and long-term growth potential suggest a more positive outlook for AMD. By the end of the week, the stock could experience some volatility but may also benefit from positive developments and long-term growth prospects.