AMD Throws Up A Bull Flag (Technical Analysis)

Dec. 02, 2024 5:16 PM ETAdvanced Micro Devices, Inc. (AMD) Stock, AMD:CA Stock4 Comments
John Bowman profile picture
John Bowman
2.8K Followers
(6min)

Summary

  • Advanced Micro Devices, Inc.'s price action shows positive technicals, with a bullish flag pattern having emerged in the last few months.
  • Currently, AMD has retraced 39.39%, forming a full bull flag pattern, suggesting a continuation of the previous bullish trend.
  • There is a healthy support level below, in case of fundamental changes to the stock that may negatively impact it.
  • This article also reviews oscillators and momentum signals for AMD.

SlavkoSereda/iStock via Getty Images

Introduction

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor and computer hardware manufacturer in the US. They are the primary competitor with Intel for CPUs and the best contender Nvidia Corporation (

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About AMD Stock

SymbolLast Price% Chg
AMD
142.063.56%
Post142.460.28%
Created with Highcharts 11.2.0Nov 27Nov 29Dec 2130140150
Market Cap
$222.61B
PE (FWD)
41.23
Yield
-
Rev Growth (YoY)
9.88%
Short Interest
3.04%
Prev. Close
$137.18
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