Stronger technical forecast for Advanced Micro Devices stock price after Thursday trading

The Advanced Micro Devices stock price gained 4.15% on the last trading day (Thursday, 10th Jul 2025), rising from $138.41 to $144.16. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.80% from a day low at $141.85 to a day high of $145.82. The price has risen in 6 of the last 10 days and is up by 0.53% 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, 24 million more shares were traded than the day before. In total, 61 million shares were bought and sold for approximately $8.74 billion.

On Jul 10, 2025, it was reported that Piper Sandler gave AMD a "Overweight" grade with a "upgrade" action.

The stock lies in the middle of a 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 56.21% during the next 3 months and, with a 90% probability hold a price between $205.73 and $238.16 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 $138.23 and $125.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 07, 2025, and so far it has risen 6.94%. 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 $3.97 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 2.45%.

Advanced Micro Devices holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.