Advanced Micro Devices (AMD) Price Forecast: Bullish Structure Holds Near Record Highs

AMD Maintains Strength Near Record Highs

The stock of Advanced Micro Devices (AMD) has been a market leader and remains strong. It is hovering near prior highs around $267. AMD is a leading semiconductor firm specializing in high-performance CPUs, GPUs, and adaptive computer solutions for data centers and gaming. The company competes with Intel (INTC) and Nvidia (NVDA) with innovations like MI300 AI accelerators. In 2025, AMD stock advanced by 77%, and as of Monday’s closing price, it was up by 17.3% year-to-date. Earnings are reported next week.

Weekly Chart Shows Bullish Structure After Breakout

An attempt to further the advance in AMD stock has been underway following a new record high breakout to $267.08 in October. The first pullback culminated with a higher swing low of $194.28 and a seven-month consolidation bottom phase. During the related consolidation period trend support was recognized near the 20-week average. Last week’s the bulls failed to breakout to a new record high as a top was hit at $266.96, very close to the prior high, before weakening on Monday.

Daily Chart Confirms Trend Strength and Channel Support

Following a pullback from last week’s high, the bull structure in AMD shows a likely continuation into new highs. The daily chart confirms underlying strength with faster moving averages rising above the 50-day average recently. Support for the recent pullback was confirmed near the long-term 200-day average. Moreover, a rising channel outlines the price movement within the uptrend, showing the potential for higher prices as the top of the channel is a potential target. A bounce from the lower boundary of the channel improves the possibility of AMD eventually approaching the top boundary line.

Key Support Levels Define Near-Term Risk

Last week’s low of $225.41 is considered the maximum downside for support to hold while maintaining a short-term bullish structure. It remains possible that AMD trades range-bound for a period before another breakout attempt. However, signs of strength following tests of key support levels may signal the potential for a renewed advance toward the $267.08 high.

Fibonacci Levels Highlight Deeper Support Zone

The 38.2% Fibonacci retracement of the prior advance is located at $241.30, while the rising 10-day average is currently near $236. A deeper pullback would bring the 50% retracement into focus at $233.48, which closely aligns with the top of a seven-week consolidation range near $234.02, reinforcing that zone as an important area of technical support.

If you’d like to know more about technical analysis and how traders use it, please visit our educational area.