AMD Technical Analysis (NASDAQ:AMD)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The AMD stock price data and volume are plotted in AMD stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for AMD. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of AMD stock analysis.
AMD Moving Average:
AMD stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of AMD chart patterns after the calculations remain the same. The 100 day moving average of 11.21 is below the last closing price of 13.69. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for AMD are mostly signals of long term trends and will help long term traders.
AMD Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the AMD stock. Currently the stock price of $13.69 is in the upper range of AMD bollinger bands.
AMD Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The AMD MACD line is above the signal line.
AMD Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of AMD stock is 55.83. .