Sergey Diakov
Investor attention is shifting back to Advanced Micro Devices as the chip maker holds one of the strongest uptrends in tech this year. After bottoming out early in 2025, AMD reversed in April and has been climbing steadily through November.
Technical Analysis: AMD Shows a Clean, Well-Supported Uptrend
Stock Market Genius recently highlighted AMD's remarkable 238% surge, pointing to strong volume and a healthy technical setup. The numbers back it up: AMD is trading comfortably above its key moving averages, with the 10-day EMA at 251.65, the 50-day at 209.57, and the 65-day at 199.59. All three are angled sharply upward, signaling sustained buying pressure.
Following its April-June turnaround, AMD entered a long rally phase with controlled pullbacks. The stock pushed higher through summer and early fall, then formed a tight consolidation above $240–$250. Price action remains above the 10-day EMA, showing buyers are defending support. There's no heavy distribution in recent candles, suggesting a mature uptrend rather than a speculative blowoff.
Volume Confirms Institutional Participation
Recent trading volume of 67.3 million shares lines up with the accumulation trend building since mid-year. Up-days show heavier volume while pullbacks come on lighter activity—the signature of institutional buying.
RSI sits at 65.09, showing strength without hitting overbought territory, leaving room to continue. MACD remains bullish with the line well above zero. Both suggest the rally still has support.
What's Driving AMD's Exceptional Run?
Several factors are powering AMD's climb:
- AI and data center growth: AMD is making progress in AI compute, improving its accelerator lineup to compete with Nvidia as AI revenue expectations rise.
- Semiconductor recovery: After a slow start, chip demand has bounced back strongly across consumer, enterprise, and cloud markets.
- Broader market tailwinds: Better inflation data and stable interest rates are lifting growth-focused tech stocks.
- Capital rotation into AI infrastructure: Institutional money is flowing into semiconductor leaders like AMD as AI hardware demand accelerates.
Key Price Levels to Watch
Support levels include $240 as the recent consolidation low, $210 as the 50-day EMA, and $200 as the 65-day EMA. For resistance, the current range sits between $260 and $270, with $300 as the next major target.
A break through $270 would strengthen the case for a push toward $300. Holding above $240–$250 keeps the bullish structure intact.
AMD's Trend Remains Strong With More Upside Potential
AMD continues to deliver one of the most compelling trends in semiconductors. Rising moving averages, solid volume, and improving industry fundamentals suggest there's still room to run. As long as the stock holds above $240–$250, the uptrend stays healthy.
Sergey Diakov
