Advanced Micro Devices Inc (AMD): Price Now Near $89.95; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for AMD

At the time of this writing, AMD (Get Ratings)’s price is up $0.53 (0.59%) from the hour prior. The hourly chart shows that AMD has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 200 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Electronic Equipment stocks, AMD ranks 3rd in regards to today’s price percentage change.

AMD’s Technical Outlook on the Daily Chart

At the moment, AMD’s price is up $0.51 (0.57%) from the day prior. AMD has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Advanced Micro Devices Inc’s price action over the past 90 days can be seen via the chart below.

AMD

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AMD: Daily RSI Analysis

  • AMD’s RSI now stands at 100.
  • AMD and RSI may be exhibiting divergent trends. This may be something to monitor.

For AMD News Traders

News traders keeping an eye on AMD may find value in this recent story:

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