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Technical analysis indicates a sell signal based on both short and long-term moving averages, although a buy signal emerged from a recent pivot bottom. Increased volume accompanying price gains serves as a positive technical indicator, suggesting the possibility of upward movement if resistance levels at $121 and $119.27 are breached.
Support and Volatility
AMD’s stock demonstrates support at accumulated volume levels around $110.48, providing a potentially strategic entry point should the stock rebound from this level. The stock has illustrated moderate average daily volatility, with a recorded fluctuation of $4.10 between its high and low points on the previous trading day.