Advanced Micro Devices, Inc. (AMD) Just Flashed an Extremely Rare ‘Hold’ Signal

Advanced Micro Devices, Inc. (NASDAQ:AMD) gained 0.25% in yesterday’s session, going up from its prior closing price of $12.22 to $12.25. The price has fallen in 6 of the last 10 days and is down by -3.31% over the same course of time. Trading activity decreased by -2.29 million shares, and in total, 34.77 M shares exchanged hands for about $425.88 million. It should be noted that increasing price and decreasing volume show lack of interest and this is a warning that something has fundamentally changed.

Inside AMD’s Recent Trend

Advanced Micro Devices, Inc. (AMD) lies in the middle of a wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -6.13% over the course of a quarter and, with 90% chance the price will be floating in the range of $10.70 and $13.37 in this timeframe.

Advanced Micro Devices, Inc. Technical Signals

AMD has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend. Upon corrections, the price will meet resistance from the averages between $12.44 and $12.77. A buy signal will be generated if it crosses above any of these levels.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Support And Resistance Levels

Advanced Micro Devices, Inc. (AMD) recorded volume accumulation so there will probably be a surplus of buyers at $12.23. In case of gains, the next resistance from accumulated volume will be at $13.98, $14.17 and $14.76.

Advanced Micro Devices, Inc. (AMD) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $0.35 (2.89%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 3.26%.

Previous ArticleNext Article

Related Post

A Side-by-side Analysis of Corning Incorporated (G... Corning Incorporated (NYSE:GLW) shares are down more than -10.13% this year and recently decreased -0.21% or -$0.06 to settle at $28.75. Discover Fina...
Are These Stocks A Sure Bet? – Adient plc (A... The shares of Adient plc have decreased by more than -15.16% this year alone. The shares recently went down by -7.65% or -$5.53 and now trades at $66....
Kinross Gold Corporation (KGC) Key Indicators And ... Kinross Gold Corporation (NYSE:KGC) fell by -2.34% in Tuesday’s trading session from $4.28 to $4.18. The price has fallen in 5 of the last 10 days, bu...
Critical Comparison: Realty Income Corporation (O)... Realty Income Corporation (NYSE:O) and SL Green Realty Corp. (NYSE:SLG) are the two most active stocks in the REIT - Retail industry based on today’s ...
DDR Corp. (DDR): How Do the Books Stack Up? DDR Corp. (NYSE:DDR) is on our radar right now but there could still be some opportunities on the horizon. Now trading with a market value of 2.87B, t...