AMD indicators look good but it's overpriced

Short

Advanced Micro Devices Inc (NASDAQ:AMD)

NASDAQ:AMD Advanced Micro Devices Inc

trendanalysis indicator beyondta overpriced

Technical indicators look positive but the price of AMD is way overpriced in comparison to its past earnings performance. Price has tested the resistance zone and the movement is downwards. Predicating this stock to go down until next earning report.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.