What Trend Do Technical Indicators Show in AMD’s Stock Price?
When a stock’s short-term moving average is higher than its long-term moving average, it shows technical strength and indicates positive investor sentiments. The 200-day moving average shows a stock’s resistance when its price is below the 200-day moving average and its support when its price is above the 200-day moving average. If a stock falls below its 200-day moving average, it’s believed to be in a downtrend, and vice versa.