MACD on the other hand exhibits the consolidation phase of AMD stock price. RSI was at 48 and is preparing to break out of neutrality to be overbought. Relative strength index showcases the upside trend of AMD stock. Nevertheless, technical indicators are divergent over the price action of AMD shares. ![]() This confirms the facts regarding AMD stock’s maximum recovery during 2023. Moreover, AMD shares surged around 47.71% in the last six months and 71.22% year-to-date. In addition, AMD stock price gained around 3.38% in a month and 30.62% in the last three months. Moreover, AMD share price is trying to remain above the 50, 100 and 200-days Daily Moving Average to move up from the 20-EMA. However, AMD shares need to attract buyers in order to maintain the upside trend over the daily time frame chart. Will AMD Stock Price Break Out to Attend the $130 Mark?Īnalysts believe that if the AMD stock price registers its breakout from the consolidation phase, then AMD shares may reach the $130 recovery level. Trading volume was below average and needs to grow during Wednesday’s trading session. Meanwhile, AMD stocks got up from the lower price range of the consolidation phase, but couldn’t sustain at the upper threshold.ĪMD stock price was at $113.00 and has gained 2.16% of its market capitalization during Tuesday’s trading session. AMD share price slumped till $107 and gathered support to remain inside the horizontal price range of $107 and $122. Moreover, AMD stocks then reached the $133.19 recovery level and couldn’t sustain there, resulting in a slippage. AMD shares surged with a strong upside trend as soon as it broke out of the descending parallel channel over the daily time frame chart. AMD stock price managed to register its breakout in January 2023, and hence, gained 71% year-to-date. (NASDAQ: AMD) develops computer processors and other related technologies for business and consumer markets.Īdvanced Micro Devices, Inc. ![]() ![]() 2 AMD shares recovered out of a declining parallel channel to reach the $133 mark.AMD stock price has been sideways inside a horizontal range-bound area.
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