Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Advanced Micro Devices Inc. AMD stock price is trading at $122.03 currently, with a market capitalization of $187.494 Billion.</a> </li> 
 <li> <span>2</span> <a>AMD stock gave more than 38.40% return to investors in a year.</a> </li> 
</ul> 
<p>Advanced Micro Devices, Inc., is a company that makes semiconductors, such as microprocessors, graphics cards, and other computing products. AMD rivals are Intel and Nvidia in the markets for CPU and GPU, as well as other chip makers in this sector.</p> 
<p>The price of AMD stock (AMD) dropped by $1.50 or 1.27% to close at $116.43 on July 19, 2023. The market capitalization of the company is $187.49 billion, making it one of the largest semiconductor companies in the world. The price-to-earnings ratio (P/E) of the stock was 592.52, indicating how much investors are willing to pay for each dollar of earnings. The earnings per share (EPS) of the company was $0.19, reflecting the profitability of the business. The stock had a 52-week high of $132.83 and a 52-week low of $54.57, showing the range of price fluctuations over the past year.</p> 
<h2 class="wp-block-heading" id="strong-weekly-analysis-of-amd-stock-strong"><strong>Weekly Analysis of AMD Stock</strong></h2> 
<p>The stock price of Advanced Micro Devices Inc. has climbed beyond the 50 and 200-day moving averages in the weekly chart, indicating strong bullish momentum. The market is optimistic about AMD’s performance. Moreover, the weekly RSI and MACD are also in favor of the bulls.</p> 
<h3 class="wp-block-heading" id="strong-amd-stock-price-technical-analysis-strong"><strong>AMD Stock Price Technical Analysis</strong></h3> 
<p>Advanced Micro Devices Inc. AMD is showing strong bullish momentum as its stock price has risen above the 50-day and 200-day moving averages. The stock price could start a new uptrend and move higher if the buying pressure persists. Moreover, the bullish signal on the daily chart confirms the positive outlook.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="469" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/AMD-Stock-Price-Technical-Analysis-1024x469.webp" alt="AMD Stock Price Technical Analysis" class="wp-image-153022" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/AMD-Stock-Price-Technical-Analysis-1024x469.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/AMD-Stock-Price-Technical-Analysis-300x137.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/AMD-Stock-Price-Technical-Analysis-768x351.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/AMD-Stock-Price-Technical-Analysis-750x343.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/AMD-Stock-Price-Technical-Analysis-1140x522.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/AMD-Stock-Price-Technical-Analysis.webp 1272w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: AMD/US DOLLAR by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/07/05/will-amd-stock-take-another-surge-in-its-next-trading-session/" target="_blank" rel="noopener noreferrer nofollow">AMD stock </a>is showing mild bullish signs according to the technical indicators MACD, RSI, and super trend. The MACD line has moved above the signal line, hinting towards bullish strength. The RSI is close to 50, showing a positive trend. The super trend line is below the price, confusing the trend. These indicators imply that AMD stock is in a mild bullish trend and may keep rising if buyers support the price.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Advanced Micro Devices Inc. stock is reaching new highs while it reports an increase in its earnings. AMD stock price is hitting higher highs and surpassed the 50- and 200-day moving averages on daily and weekly time frames. The RSI, MACD, moving averages and super trend are all positive, signalling a strong uptrend.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels:</strong></h5> 
<ul> 
 <li><strong>Support – </strong>The current support level is $116.61.</li> 
</ul> 
<ul> 
 <li><strong>Resistance –</strong>The current resistance level is $127.21.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The AMD stock price prediction given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in stock is a risky task. Please consider your circumstances and risk profile before making any investment decisions.</p>

Advanced Micro Devices Inc (AMD) Stock Price Prediction?

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