|
AMD price tries to vent off oversold saturation - Forecast today - 08-09-2026
Advanced Micro Devices, Inc. (AMD) advanced in recent intraday trading as the stock attempts to work off some of its pronounced oversold conditions on the momentum indicators, particularly as fresh bullish signals have begun to emerge. However, negative pressure persists as the stock continues to trade below its 50-day Simple Moving Average (SMA), which is acting as dynamic resistance and reinforcing the stability and dominance of the short-term bearish corrective trend. Price action also continues to follow a descending trendline that supports the prevailing bearish bias and limits the prospects for a sustained recovery in the near term.
Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $515.00 remains intact. Under this scenario, the stock is expected to target the support level at $424.00.
Today's price forecast: Bearish.
Thanks for your feedback.
Forecast update for crude oil – 08-09-2026
Crude oil price remains higher in its latest intraday trading, approaching the key resistance level of $92.80 preparing to attack it, amid continued positive support from trading above EMA50, which represents a dynamic support base that strengthens the chances of breaking through that resistance. This comes as the main short-term bullish trend remains dominant, with the price moving along major and minor trend lines supporting this trajectory.
MoreForecast update for Silver - 08-09-2026
The price of silver surrendered to the negative pressure as it reached EMA50’s resistance, which failed the previous attempts to recover, amid the dominance of bearish corrective wave on the short-term basis, besides the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, intensifying the negative pressure on the price, indicating more downside moves in the near upcoming period, especially when breaking the near support levels.
MoreForecast update for Gold - 08-09-2026
Gold price remains under pressure in its latest intraday trading, preparing to break below the current support level of $4,400, amid its trading below EMA50, which represents dynamic resistance that reinforces the stability and dominance of the short-term corrective bearish trend, with its moving along a trend line supporting this bearish path. The relative strength indicators are generating negative signals, suggesting more downside moves in the near upcoming period.
More