Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
AMD's stock fell in the short term, with negative pressure from the 50-day SMA, leaning on the main upward trend line in the medium term, while the RSI reached oversold levels compared to the stock's movements.
Therefore we expect the stock to return higher, provided the support of 29.59 holds on, targeting the resistance of 31.93.
Expected trend for today: Bullish