Short term predictionOverall chip stocks been pushed upward extensively and seems not decisive last trading days. Correction and ranging price actions are expected. Lets see what happens!by MoneyJumperUpdated 1
Analog Devices Surges 10% as it Beat Profit and Sales EstimatesAnalog Devices ( NASDAQ:ADI ), a semiconductor manufacturer, has reported better-than-expected results and guidance as inventory backlogs eased. The company's fiscal second-quarter adjusted earnings per share (EPS) of $1.40 beat estimates, while revenue slumped 34% year-over-year to $2.16 billion, but that was above forecasts. CEO Vincent Roche explained that revenue exceeded the midpoint of its outlook despite continued macro and inventory headwinds. However, he pointed out that inventory rationalization across the broad customer base is stabilizing, clearing a path for the company to return to sequential growth in the third quarter. Analog Devices ( NASDAQ:ADI ) sees current-quarter adjusted EPS of $1.50, plus or minus $0.10, with revenue of $2.27 billion, plus or minus $100 million. Both midpoints were higher than anticipated. Analog Devices ( NASDAQ:ADI ) forecasts robust quarterly revenue on chip market recovery, thanks to a rise in demand for its industrial chips after a prolonged slump. The upbeat forecast signals that clients are placing new orders amid signs of an easing economy. The company expects revenue of $2.27 billion, plus or minus $100 million, for the third quarter, compared with estimates of $2.16 billion, according to LSEG data. Analog Devices ( NASDAQ:ADI ) also touted its artificial intelligence efforts and expects to drive "record revenues" for its chip testing segment in the near to mid-term due to strong demand for high-bandwidth memory chips. The company's results follow a strong forecast from chipmaker Texas Instruments, fanning optimism for a rise in analog chip demand. Technical Outlook Analog Devices ( NASDAQ:ADI ) stock is currently overbought with a Relative Strength Index (RSI) of 82. The stock is up 10.87% as of the time of writing and up 18% since the start of 2024.Longby DEXWireNews1
ADI - 15 months HEAD & SHOULDERS (slope-up) + 5 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.Longby TheArtOfCharting4
ADI TRADING IDEASAnalog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.by Khairil_Anuar2
220 Next Price Target for me on ADIJust analyzing. Caught this bad boy around 201, looking for 220. Likely before mid may. ALL IMOLongby sully3572
ADI Analog Devices Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ADI Analog Devices prior to the earnings report this week, I would consider purchasing the 195usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $3.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptionsUpdated 1
ADI: Possible Buy AreaQuite perfect entry for another long would be on the marked gap. Final target around 226 USD.Longby M0_BTCUpdated 1
Breakout from consolidation.I’m just waiting for the stock exchange to open to check the possibility of entering on the breakout of consolidation. The worst part is that the market can open with a gap. Then my scenario will be cancelled.Longby czasnaefektyUpdated 1
ADI: 1h TechnicalsCurrently trading in a clear downward channel, breakout above is expected if we hold longer term trend line.Longby M0_BTCUpdated 0
Analog Devices Inc LONGADI long position. Market get to a lower Lin Reg and below MACD on H4. Confirmation on H1 and M15 !!! - BUT.... I STILL DON'T LIKE THE RISK/REWARD RATIO!! Small position on buy - I said small!!! Suggested TP: Tp1 at $189.30(close 50% of the position) and 2nd at $194.55(green arrows). or Main TP at level $192.61(blue arrow). Suggested SL: Always follow the Risk/Reward Ratio - min 1:3(that's what I meant!!!! - that's why only small position). Suggested SL: $167.75(Risk/Reward Ratio 1:1 Warning!!!! This content should not be interpreted as financial advice. Longby VL741
$ADI with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:ADI after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.Longby EPSMomentum0
Breakout Watch on Monthly Cup & Handlemonitor for a breakout of the monthly chart. There is a bullish cup and handle set up. This is another Nanotechnology stock. firm primarily produces integrated circuits, power management products, and other microelectromechanical systems (MEMS)Longby moneyflow_trader2
ADI Short Swing Head N Shoulders- Wyckoff Distribution on top edge Limit order on the previous support of the distribution area Stop Loss on top of resistance Take Profit on the other edgeShortby koumkouat0
ADI | Line DrawingInformation to have in mind: I've graphed a few historic values that most analysts have in their notes. Analog Devices Inc. reported their earnings this morning BMO: I'm anticipating the market will open and buy the surprise. The %B is at a good value to "signal a continuation in buying". Longby HGCRD2
ADI: confluence tradingA falling wedge pattern and double bottom pattern appear to be developing. Above 188 supports a bullish trend direction. Increase long exposure for a break above 193. Upside target at 198 (see the targets from the patterns). Stop-loss at 185. Negate the bullish stance for a break below this level. The MACD also close giving a bullish crossover. Longby Peet_Serfontein1
long position on ADIMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maketLongby batchangoyves2023
Let's see where we go from hereThis break out wasn't the strongest but seems the most convincing. Be careful Powel on Wednesday. Take da gainz when you get them.Longby nah00
$ADI Nice Pivot at Its 10 Week MA$ADI pulled back to the top of its breakout base that took place on earning and setting up a nice pivot after testing its 10 week ma.Longby TaPlot3
$ADI Squeeze/ Equilibrium Pattern$ADI in a daily squeeze/equilibrium pattern tightening up. Weekly consolidation came off all time high’s 5 weeks ago. Stacked bullish EMA’s on the daily/ weekly. If we see some bullish continuation in the markets, especially in tech - ADI is poised well for a bullish play if we see a bull break this squeeze/eq pattern. If top or bottom fishing for a position inside the Eq pattern, take note of the way ADI moves with lunar declination: maximum and minimum lunar declination correlate well with pivots within 1-2 days. NASDAQ:ADIby Margo_Amala0
annoying candle but not the worst$ADI still looks fine. I don't think this play falls apart just yet. The market is swinging very wide, and the Semis are strong. Even with $ADI vs the indexes. The indexes fell harder and $ADI and all semis look strong. Longby nah00
$ADI at the levelHere we see $ADI overtook every moving average on 2 hour and looks primed to move back higher. Need to see how it continues to interact with the $187 level. Semi companies have been flying think $NVDA, $AMD, even $ON. After earnings $ADI since calmed down, and with the overall market permitting wants to join the party again. This company fundamentally can be at $200-$200, but of course trade with caution and don't rely on price targets to hit.Longby nah00
ADI good spot mainly off or S&RI like $ADI because of the candles and the support and resistance around it. It just works out that there is a symmetrical triangle around it as well. For real good confirmation I would love to see that 20-day SMA get overtaken. Then path for upside is very clear. There are price targets for it above $200, I'm not sure about holding a lot of this looking for that price, but $190's can definitely happen. Semis have had quite a bit of strength lead mainly by NVDA and AMD. This one IMO can hit its ATH again or very close. Remember to keep the flowers and cut the weeds.Longby nah00
ADI LongADI is in an uptrend. Bounced on support. Volume shows sings of accumulationLongby GabrielVasile0