Million

Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AMD stock price is trading above the key moving averages, indicating bullishness.</a> </li> 
 <li> <span>2</span> <a>Advanced Micro Devices (AMD) stock witnessed buyers’ support in the last few trading sessions.</a> </li> 
</ul> 
<p>AMD stock price action indicates bullishness. The bears are making short positions in an attempt to pull back. Bulls are accumulating the stock and getting ready to cross $132 in the next sessions.</p> 
<p>The chart formation shows the bulls’ momentum and signals a positive outlook on the charts. Advanced Micro Devices stock is aiming to break the previous highs, and investors are watching it closely.</p> 
<p>The price action shows a strong chart structure with buyers’ dominance, and long buildup activity was noted in the past trading sessions. Furthermore, sellers were now becoming cautious due to the vertical rally that trapped sellers in the past weeks.</p> 
<p>AMD’s price was at $109.01 and has gained 1.91% of its market capitalization during the day’s trading session. The last 24-hour trading volume was 57.106 Million and the last 10 days’ average trading volume is 53.749 Million. This demonstrates that buyers are trying to accumulate in order to surge toward the upper price range.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-amd-stock-price-in-1-d-time-frame-strong"><strong>Technical Analysis of AMD&nbsp; Stock Price in 1-D Time Frame</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1433" height="652" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-377.png" alt="AMD Stock: AMD stock Price Bounces Back; Targeting $132" class="wp-image-175263" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-377.png 1433w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-377-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-377-1024x466.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-377-768x349.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-377-750x341.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-377-1140x519.png 1140w" sizes="(max-width: 1433px) 100vw, 1433px">
  <figcaption class="wp-element-caption">
   Source: AMD.1D.NYSE by <a href="https://www.tradingview.com/x/1qU3smxx/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>AMD (NYSE: Advanced Micro Devices) rose steadily last month, gaining 1.86%. Also, it gained 7.09% in the last week. At press time, AMD stock price was $109.01, above the 50 and 200-day exponential moving averages(EMAs), which are supporting the price momentum.&nbsp;</p> 
<p>The current value of RSI is 59.47 points. The 14 SMA is above the median line at 45.88 points which indicates that the AMD stock is bullish.</p> 
<p>The MACD line is at 0.1877 and the signal line at -1.07. A bullish crossover is observed in the MACD which signals strength in the momentum of the Advanced Micro Devices <a href="https://www.thecoinrepublic.com/2023/10/03/advanced-micro-devices-inc-will-amd-stock-price-reach-120-mark/" target="_blank" rel="noreferrer noopener">stock</a> price.</p> 
<h2 class="wp-block-heading" id="strong-weekly-time-horizon-analysis-strong"><strong>Weekly Time Horizon Analysis</strong></h2> 
<p>AMD stock has shown buyers’ strength on the weekly charts. Moreover, the price is above the key EMAs, which signaling strength in the stock. The RSI curve is near the overbought region at 54, and a positive outlook was noted, indicating bullishness in the stock. However, the MACD indicator persisted to form red bars, and a bearish crossover was noted, which signals bearish moves.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>AMD stock price technical oscillators also support the bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the AMD stock price. Price action suggests that the investors and traders are bullish on the 1-day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $94.44 and $83.10.</p> 
<p>Resistance Levels:&nbsp; $111.79 and $122.52.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

AMD Stock: AMD stock Price Bounces Back; Targeting $132

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