Advanced Micro Devices Inc (AMD)
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. AMD's main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations, personal computers and embedded system applications.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 98.61% per annum.
- AMD price at the close of April 25, 2024 was $153.76 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 88.97% per annum.
- AMD price at the close of April 25, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of AMD price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 22, 2022
End date: April 16, 2024
a = 1.7647
b = 0.0019
s = 0.1140
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 98.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1140) – 1
= 57.79%
September 22, 2022 calculations
Top border of price channel:
Exp(Y859)
= Exp(a + b × X859 + 2 × s)
= Exp(a + b × 1,245 + 2 × s)
= Exp(1.7647 + 0.0019 × 1,245 + 2 × 0.1140)
= Exp(4.3332)
= $76.19
Bottom border of price channel:
Exp(Y859)
= Exp(a + b × X859 – 2 × s)
= Exp(a + b × 1,245 – 2 × s)
= Exp(1.7647 + 0.0019 × 1,245 – 2 × 0.1140)
= Exp(3.8771)
= $48.28
April 16, 2024 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,817 + 2 × s)
= Exp(1.7647 + 0.0019 × 1,817 + 2 × 0.1140)
= Exp(5.4085)
= $223.30
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,817 – 2 × s)
= Exp(1.7647 + 0.0019 × 1,817 – 2 × 0.1140)
= Exp(4.9524)
= $141.51
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 98.61% per annum.
- AMD price at the close of April 25, 2024 was $153.76 and was inside the primary price channel.
Secondary Trend
Start date: March 1, 2024
End date: April 25, 2024
a = 16.0454
b = -0.0060
s = 0.0289
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0060) – 1
= -88.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0289) – 1
= 12.24%
March 1, 2024 calculations
Top border of price channel:
Exp(Y1,220)
= Exp(a + b × X1,220 + 2 × s)
= Exp(a + b × 1,771 + 2 × s)
= Exp(16.0454 + -0.0060 × 1,771 + 2 × 0.0289)
= Exp(5.4051)
= $222.54
Bottom border of price channel:
Exp(Y1,220)
= Exp(a + b × X1,220 – 2 × s)
= Exp(a + b × 1,771 – 2 × s)
= Exp(16.0454 + -0.0060 × 1,771 – 2 × 0.0289)
= Exp(5.2897)
= $198.28
April 25, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(16.0454 + -0.0060 × 1,826 + 2 × 0.0289)
= Exp(5.0729)
= $159.63
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(16.0454 + -0.0060 × 1,826 – 2 × 0.0289)
= Exp(4.9574)
= $142.23
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 88.97% per annum.
- AMD price at the close of April 25, 2024 was inside the secondary price channel.