Is AMD Stock a Buy Now? Technical Indicators Suggest Yes
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Analyzing AMD Stock's Technical Indicators
According to TipRanks' easy-to-understand technical analysis tool, AMD stock is currently on an upward trend. The stock's 50-day Exponential Moving Average (EMA) is 119.81, while its price is $137.91, implying a bullish signal. Further, its shorter duration EMA (20 days) also signals a Buy.
Moreover, the Rate of Change (ROC) is a momentum-based technical indicator. It measures the percentage change in a stock's price between the current price and the price from a specific number of periods ago. Typically, a ROC above zero confirms an uptrend. AMD stock currently has an ROC of 14.35, which signals a Buy.
Another technical indicator, Williams %R, helps traders see if a stock is overbought or oversold. For AMD, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
Is AMD a Good Stock to Buy?
On TipRanks, AMD stock has a Moderate Buy consensus rating based on 24 Buys and 10 Holds assigned in the last three months. The average AMD price target of $132.76 suggests a downside potential of 3.73% from its current price. In the past three months, shares of the company have gained about 64.89%.
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