Based on last trading day of AmD , is it bullish or bearish
6/17/2024 08:17am
To assess the bullish or bearish sentiment for AMD on the last trading day, we can consider several indicators and analyze the price movement:
1. **Closing Price and Percentage Change**: AMD's closing price on the last trading day was $159.63, with a slight decrease of 0.17% from the previous day. This indicates a minor downward correction.
2. **Trading Volume**: The trading volume was 34.05 million shares, which suggests moderate investor interest and activity.
3. **Moving Averages**: The stock is trading below its 5-day and 10-day moving averages but above its 50-day moving average. This could indicate a short-term downward trend but a longer-term positive outlook.
|Ticker|Name|50-Day Moving Average|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|AMD.O|Advanced Micro|159.8142|159.8140|162.3430|20240614|AMD|186|
4. **Technical Indicators**:
- The MACD is negative at -1.46, which typically suggests bearish momentum.
- The RSI is at 39.2, indicating neither overbought nor oversold conditions and not a strong indicator of bullish or bearish sentiment.
- The KDJ value of 13.73 is relatively low, which could indicate an oversold condition and a potential reversal.
|Ticker|Name|RSI|MACD|KDJ|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|AMD.O|Advanced Micro|39.2017|-1.4607|13.7300|20240614|AMD|186|
5. **Short-Term Price Movement**:
- The 1-week, 1-month, and 3-month percentage changes show a decline of -14.66%, -1.84%, and -4.91%, respectively. This indicates a short-term bearish trend.
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|AMD.O|Advanced Micro|-14.663744253180802|20240315-20240614|AMD|186|
|AMD.O|Advanced Micro|-1.8386422334276282|20240517-20240614|AMD|186|
|AMD.O|Advanced Micro|-4.908560195389295|20240610-20240614|AMD|186|
6. **Fundamental Indicators**:
- The P/E ratio is high at 231.19, which could suggest that the stock is overvalued or that investors have high expectations for future earnings.
- The EPS is $0.08, and the ROE is 0.22%, both of which are relatively low and may not support a strong bullish case.
In conclusion, based on the mixed signals from the technical and fundamental indicators, as well as the slight decrease in price and negative short-term price movement, the sentiment for AMD on the last trading day appears to be more bearish. However, the trading volume and KDJ indicator suggest there may be potential for a reversal. Investors should exercise caution and consider these factors along with their own investment strategy and risk tolerance before making any decisions.