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

The Advanced Micro Devices stock price gained 0.428% on the last trading day (Wednesday, 9th Jul 2025), rising from $137.82 to $138.41. During the last trading day the stock fluctuated 2.22% from a day low at $137.60 to a day high of $140.65. The price has risen in 6 of the last 10 days but is still down by -0.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 667 thousand more shares were traded than the day before. In total, 37 million shares were bought and sold for approximately $5.06 billion.

On Jul 01, 2025, it was reported that Bernstein gave AMD a "Reduce" grade with a "hold" 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 56.81% during the next 3 months and, with a 90% probability hold a price between $204.90 and $235.46 at the end of this 3-month period.

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 $137.91 and $124.81. A breakdown below any of these levels will issue sell signals. 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. 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 Friday, June 27, 2025, and so far it has fallen -3.75%. Further fall is indicated until a new bottom pivot has been found.

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 $3.05 between high and low, or 2.22%. For the last week, the stock has had daily average volatility of 2.57%.

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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.