AMD closes within prior day's range
AMD finished Thursday at 16.25 losing $0.07 (-0.43%) on high volume. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Thursday's trading range was $1.21 (7.28%), that's far above last trading month's daily average range of $0.55. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.
In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bearish Outside Bar.
After trading as low as 15.58 during the day, the share bounced off the key support level at 15.97. The failure to close below the support might increase that levels importance as support going forward.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Advanced Micro Devices Inc
|White Candle||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Bullish Bounce off SMA 20||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
|Bounced off Technical Support S1||TQ Pro Members Only|
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