- Advanced Micro Devices Inc. stock price is currently above 20, 50, and 100-day EMA levels.
- AMD stock price is currently trading at $7.82.
- AMD live market cap is $177.5 Billion.
Advanced Micro Devices Inc. (NASDAQ: AMD) stock is famous for their semiconductors business. It creates and produces computer processors and other related technologies. Since its inception in 1969, AMD has grown to be a key player in the semiconductor sector, particularly in the markets for CPUs and GPUs (Graphics Processing Units).
Trend Analysis
The Advanced Micro Devices (NASDAQ: AMD) price is clearly in an uptrend as it continues to make higher highs based on the situation it stands in the weekly timeframe.
AMD’s stock price fell rapidly in November 2021, falling over 65% from its peak of $164.46. However, it discovered a critical level of support at $54, which caused the downturn to noticeably reverse. The stock has now remarkably rebounded, showing a stunning increase of 142% from its lowest point.
Considering the state of the market, AMD’s stock is currently trading close to the crucial support level of $108. However, the market action is closely following a trendline, increasing the likelihood of a positive turnaround and indicating a likely gradual ascent into the resistance levels. The trendline’s alignment offers solid technical support for a bullish outlook.
Overall, AMD’s stock looks like it is creating a solid structure and the current positive trend suggests that there may be more growth ahead.
Last year, the stock price of Advanced Micro Devices has shown a growth of 21%. As a result, the stock’s trend changed.
Advanced Micro Devices (AMD) Stock Price Analysis
EMA
The fact that Advanced Micro Devices (AMD) is currently trading above the 20, 50, and 200-day EMAs on a weekly basis is a reliable sign that the uptrend will continue.
MACD
On a weekly time frame, Advanced Micro Devices’ MACD line is above the signal line, providing a bullish indication. Green histograms are also seen, supporting the indication.
RSI
The stock of Advanced Micro Devices is displaying strong market momentum, as evidenced by the stock’s position around the 14-day Simple Moving Average (SMA) line is positioned below the RSI line. This suggests a possible increase in the stock price in the upcoming days.
Volume Analysis
According to the charts, Advanced Micro Devices stock volume is gradually increasing, which is encouraging and favorable for the upward trend of the stock price. This rising volume suggests a rise in trading activity and perhaps a rise in investor interest in Advanced Micro Devices stock.
Conclusion
The findings show the Advanced Micro Devices’ solid market position and growing momentum. This bullish outlook is supported by indicators like MACD, RSI, and EMA which suggest that the price of Advanced Micro Devices’ stock may increase in the future.
Technical Levels
- Support Level– $208.
- Resistance Level– $134.
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.