Home Markets Stocks Advanced Micro Is Challenging a Trend Line: Chart of the Day

Advanced Micro Is Challenging a Trend Line: Chart of the Day

By

-

June 11, 2021

265

Believe it or not, Advanced Micro Devices has been little changed for 10 months. But now the semiconductor stock may be getting ready to move.

This chart shows how AMD is stuck between a falling trend line and its 50-day moving average. Our Moving Average Speed custom script shows how the 50-day SMA only turned positive two weeks ago.

Next, Average True Range has narrowed to its tightest level since …

For more, please click here to view the related idea and chart analysis on TradingView.

Advanced Micro Devices (AMD), daily chart with selected patterns, courtesy of TradingView.

IMPORTANT INFORMATION:

Market Insights, its pages and content are hosted by TradeStation Group, Inc.

TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under theTradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.

Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, including the document titled Characteristics and Risks of Standardized Options if you are interested in trading equity or index options. Online trading is not suitable for all investors. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.

Stocks Fight Higher as Nvidia Drives Artificial Intelligence Rally on the…

Positives Build Amid Debt Ceiling Wait: Market Trends This Week

Stocks Challenge Highs as Bulls Wait for Debt Ceiling Progress

Growth Stocks Are Leading Again as Inflation Worries Fade

Chart of the Day: Micron Pulls Back After Breaking Out

Options Alert: Call Volume Grows as Salesforce.com Nears Highs

Technical Analysis: Amazon.com Could Be Struggling After Uncertain Guidance

Chart of the Day: Will Alcoa Continue Lower?

Attention Fed Watchers: 4 Reasons Why April’s Inflation Report Could Be…

Rate Fears and Bank Failures Have Sent The Stock Market on…

Fear Could Be Evaporating After Another Cool Inflation Report

Art of TradeStation: Getting Ready for Earnings Season

Positives Build Amid Debt Ceiling Wait: Market Trends This Week

Here’s a Way to See Price Action More Clearly on the…

Inflation Cools as Market Hopes for Debt Ceiling Resolution: Market Trends…

Double Top Before the Debt Ceiling? Market Trends This Week

Advanced Micro Is Challenging a Trend Line: Chart of the Day

LATEST NEWS

Options Alert: Call Volume Grows as Salesforce.com Nears Highs

Will American Express Run Again? A Big Options Trader May Think So

Complex Options Strategy Targets More Upside in Banking Giant

Quadruple Witching Dates for 2023: How Can They Impact Stock and Futures Trading?

Options Alert: Trader Looks for More Upside in Chinese Tech Stock

MUST READ

Stocks Fight Higher as Nvidia Drives Artificial Intelligence Rally on the Nasdaq

Rolling Options: Key Things for Traders to Know

Quadruple Witching Dates for 2023: How Can They Impact Stock and Futures Trading?

Technical Analysis: The Nightmare Could Be Ending in Chinese Tech Stocks

Forget About Bitcoin and Tesla. This Forgotten Corner of Technology Is...