- AMD stock is trading at $113.91 and the AMD price increased by 2.40% in the last 24 hours.
- The market capitalization of AMD stock is $183.463 Billion.
- The Advanced Micro Devices Inc., stock 52-week price bound range is $54.57 – $132.83.
The Advanced Micro Devices Inc., price highlights that the stock is trying to sustain itself at the current level of $113.31 to reach above the resistance levels. The AMD stock price needs to gather the bulls’ power with great momentum to surge above the resistance levels. This month the AMD price trend was bearish as the price was down by 6.95%. The AMD price underperformed this month. The AMD price has seen an increment in its price by 78.63% in the last six months which highlights its good performance. Moreover, the Advanced Micro Devices Inc., price year-to-date return is positive with an increase of 72.60%.
AMD Stock Price Technical Analysis
Source: AMD.1D.NASDAQ by TradingView
The AMD stock price indicates the amount of AMD share price traded in a day is $53.379 Million. As observed from the volume graph, the trading activity is good in the AMD stock. However, the positive volume is increasing, highlighting the return of the bull’s interest.
The price has respected its significant trendline forming a double top, which highlights that the price might go in a downward direction. The price went downward but took support from 50EMA. As per the trendline the AMD share price took support on the trendline and is headed upwards as the majority of EMA’s are supporting the price, we can expect more upward move in AMD stock price.
As of the day of publishing, the Advanced Micro Devices Inc., price is trying to sustain itself at the current level on the 1D chart. The AMD share price is trading above the 50, 100 & 200-day EMA (exponential moving average), which is supporting the AMD share price trend upwards. Only 20 EMA is slightly rejecting the trend, since the major interest of bulls is active, 20 EMA might get surpassed soon. There is a possibility that the AMD share price worth will increase even further in the forthcoming week if the bulls push the price up.
Source: AMD.1D.NASDAQ by TradingView
The MACD indicator summarizes the bearish crossover of AMD share price. The MACD line is above the signal line in the positive territory and it can be presumed that AMD share price might be seeing an upside trend soon. The MACD line at 0.2079 and signal line at 1.98 is above the zero line, suggesting that the MACD is in positive territory and is giving bullish signals.
The current value of RSI is 50.74 points. The 14 SMA line is above the median line at 52.53 points which indicates an upward direction and bullish sentiment in the market. As the price is heading toward overbought territory, the market is encountering bullish sentiment.
The technical parameters of AMD stock price suggest the continuation of the uptrend over the daily time frame chart. The AMD share price reflects an optimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt positive signals about the AMD stock price.
Extraction
The AMD stock price indicates that the stock is trying to sustain itself at the current level of $113.31 to reach above the resistance levels. The AMD stock is waiting for more accumulation of buyers to surge from the above hurdles. The sentiments and perspectives of investors and traders regarding the AMD stock are bullish in the 1D timeframe. The AMD stock reflects an optimistic view at the time of publishing. The technical parameters for the AMD stock price indicate bullish pressure.
Technical Levels:
- The nearest support level is $107.56.
- The nearest resistance level is $126.9.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
