AMD Stock Prediction: Why AMD Stock Has A Bright Future

This article was written by Mathieu Stalder, a Financial Analyst at I Know First.

Summary

  • Stock is in a decisive technical area, as the stock price approaches a resistance and a support zone
  • Solid financial figures but fundamentals indicate a clear overvaluation as the price to book ratio of 15.83 is rather expensive, as the industry average is only 2.10.
  • AMD has been added to NASDAQ-100 due to its high valuation
  • Huge Potential in the Semiconductor Industry as HIS Markit forecasts that by 2025 , there will be around 75 billion installed Internet of Things (IoT)
  • Current Bullish Long Term I Know First Algorithm Forecast

Technical Analysis

Overall seen AMD is one of the best performing stocks in the market as it outperforms 94% of the stocks in the Electronic Components and Accessories industry. This is mostly due to strong growth of the stock 4 month ago. The stock is currently trading in the middle of the 52 weeks range, whereas the S&P500 Index is on the lower end of its 52-week range, which shows that AMD is doing a bit better than the Index. By analyzing the chart of the AMD stock price, it clearly shows that there is a support zone

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Winning AMD & PTLA Forecast

Three months ago, I Know First’s predictive algorithm conducted a forecast that would predict the success of the top stock picks of both bullish and bearish positions. For the long positions, the largest growth was registered by AMD with a return of 61.74%. The package itself which consisted of 5 overall picks in the long position, had an overall average return of 19.20%, providing a premium of 14.68% over the SP500’s return of 4.52%. The best performance in the short position came from PTLA which registered a return of 40.77%. With regards to the forecasted stocks

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