Advanced Micro Devices stock downgraded to Buy Candidate

The Advanced Micro Devices stock price gained 0.0905% on the last trading day (Friday, 27th Jun 2025), rising from $143.68 to $143.81. It has now gained 6 days in a row. It is not often that stock manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.31% from a day low at $141.64 to a day high of $147.75. The price has risen in 8 of the last 10 days and is up by 21.36% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 61 million shares were bought and sold for approximately $8.77 billion.

On Jun 20, 2025, it was reported that Piper Sandler gave AMD a "Overweight" grade with a "hold" action.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 45.27% during the next 3 months and, with a 90% probability hold a price between $173.82 and $217.82 at the end of this 3-month period.

Mostly positive signals in the chart today. 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 $136.28 and $119.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 08, 2025, and so far it has risen 83.88%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $127.10 and $126.39.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Advanced Micro Devices finds support just below today's level at $127.10. If this is broken, then the next support from accumulated volume will be at $126.39 and $117.72.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $6.11 between high and low, or 4.31%. For the last week, the stock has had daily average volatility of 3.96%.

Since the Advanced Micro Devices has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

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.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.