AMD Tightening Range Signals Pending Move at $465.58
Advanced Micro Devices Inc (AMD) fell 2.33% to finish at $465.58 on August 30.
From a technical standpoint, the outlook appears bearish:
Momentum
RSI at 45.0 is neutral but improving. MACD reads -7.84 against its -7.60 signal line (bearish).
Moving Averages
Price sits below both the 9-day ($475.01) and 21-day ($482.24) EMAs, suggesting short-term weakness.
Volatility
A 9-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
Traders are watching $451.48 on the downside and $512.59 on the upside.
