AMD stock - Advanced Micro Devices stock price prediction for Thursday September 2nd trading day

AMD stock - Advanced Micro Devices stock price prediction for Thursday September 2nd trading day / Investing
Hello everyone, welcome back to my channel. Today we're taking a look at the Advanced Micro Devices stock, in anticipation of the upcoming Thursday September 2nd trading day.
The Advanced Micro Devices stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $109.52 and $103.22. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, August 04, 2021, and so far it has fallen 7 point 39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Advanced Micro Devices stock to perform well in the short-term.

[@ecast1500]

does the week before a long weekend have any influence

[@NamDinh316]

I would watch the volume. But I would say yes.