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 while seeking a bottom to bolster it higher, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, amid the dominance of the main upward trend in the medium and short terms.
Therefore we expect the stock to return higher, provided the support of 29.67 holds on, targeting the resistance of 32.29.
Expected trend for today: Bullish