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Advanced Micro Devices Inc.(AMD:NSD)

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Last Candle Pattern: Belt-hold on 30/10/2024
Data as of end of day (EOD): Friday, November 1, 2024
$141.86

-2.2100


BI RATING:

Neutral

% Change -1.53%
Volume 38,449,084
Open 144.44
Day High 144.54
Day Low 141.32
Previous Close 144.07

Daily Commentary

The stock price direction for the day for AMD is DOWN. The stock is experiencing a strong downtrend as of late, with a decrease of more than 8 percent in the last five days. Based on BullishInvestor.com’s proprietary algorithms, AMD is currently signalling NEUTRAL.

The most recent Candle Stick pattern for AMD is the Belt-hold.

There are two possible reasons for the Hold rating currently given to AMD. The first reason is that there may be indecision among the technical indicators or most of them may be neutral for AMD. If the stock chart looks flat lined or is in the midst of a trend direction change, most likely this is why AMD is showing Neutral. If, however the stock is currently in a visible up or down trend, the reason for the Hold may be because the BULLISH or BEARISH rating has already passed.

The last SELL was registered on Oct 30, 2024 when AMD was trading at $148.6. Armed with this knowledge, there may still be some more strength left in this current trend or it may be near a tipping point, the market has not given a clear indication yet.

As such, it may be a wise decision to hold your stock or continue to wait on the sidelines in AMD until BullishInvestor.com changes the rating for AMD.

Technical Indicators

  
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[+] Bollinger Bands
[+] Exponential Moving Average
[+] Parabolic SAR
[+] Money Flow Index
[+] MACD
[+] Relative Strength Index
[+] Stochastics
[+] Williams %R

Did you know that BullishInvestor.com has an advanced view for AMD which let’s experienced technical traders analyze the stock chart of AMD and input specific technical indicators, moving averages, price bands and much more. To view and plot your custom technical stock chart, select the “advanced view” option for AMD located near the top right hand corner of this page or simply click the button below.



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