Advanced Micro Devices Inc (AMD): Price Up $0.37 (0.46)% Over Past Day, Down $-0.49 (-0.61)% Over Past Hour

The Hourly View for AMD

Currently, AMD (Get Ratings)’s price is down $-0.49 (-0.61%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being below 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.

AMD ranks 34th in terms of today’s price percentage change out of Electronic Equipment stocks.

AMD’s Technical Outlook on the Daily Chart

At the time of this writing, AMD’s price is up $0.37 (0.46%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows AMD’s price action over the past 90 days.

AMD

For AMD News Traders

Investors and traders in AMD may be particularly interested in the following story that came out in the past day:

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