As we approach the end of January 2026, Advanced Micro Devices (AMD) is shaping up as one of the more compelling charts in the market right now. After couple months of consolidation and a healthy pullback, the stock appears ready for its next major leg higher. This setup offers a strong case for traders and investors looking at medium- to long-term opportunities.
Let’s break down what’s happening across the monthly, weekly, and daily charts—and why AMD deserves close attention here.
The Big Picture: Monthly Trend Remains Intact
On the monthly chart, AMD continues to respect its broader wave structure. The long-term trend remains bullish, and the current price action suggests the stock is entering the next expansion phase of its move.
After trending higher from April through October, AMD paused during November and December. That pause now looks constructive rather than concerning. Price has pushed back toward the prior all-time high zone around 266–267, putting AMD in a position where a breakout could happen very soon.
If this level gives way, the chart opens up meaningfully.
Price Projections: What the Charts Are Pointing To
Using Fibonacci projections on the larger timeframe, near-term targets cluster around the 310–320 area. From current levels, that represents roughly a 20–25% upside over the next three to six months. In a strong market environment, that move could even unfold faster.
Zooming into the weekly chart reinforces this view. Weekly projections continue to support upside into the low-to-mid 300s. And for those willing to hold through a longer cycle, extended targets in the 380–400 range are very much in play over the medium to long term.
Why the Bullish Case Is Strengthening
One of the most important developments occurred on the weekly timeframe earlier this month. After retracing deeply—nearly to the 61.8% Fibonacci level of the prior rally—AMD printed a strong bullish engulfing candle.
This wasn’t just a visual signal. It came with expanding volume, which tells an important story.
During the pullback phase, both price and volume declined together. That’s typically a sign of controlled selling, not panic. When the reversal arrived, volume surged sharply, signaling that buyers stepped back in with conviction.
To put numbers around it:
- Early January weekly volume was around 153 million shares
- The following week jumped to over 222 million shares
- Most recently, volume expanded further to roughly 230 million shares
That kind of volume behavior strongly suggests institutional participation and a shift in momentum back to the upside.
Daily Chart: Short-Term Stretch, Long-Term Opportunity
On the daily chart, AMD is a bit extended in the very short term. A pullback would not be surprising—and could actually improve the risk-reward for new entries.
A healthy retracement toward the 240 area, followed by consolidation, would be an ideal scenario before another push higher. Even a shallow pullback into the 250–260 zone would indicate strong demand underneath price.
What stands out most on the daily timeframe is the sudden expansion in volume. After weeks of relatively muted trading activity, buying volume has surged well above average. This type of behavior often precedes continuation moves, not reversals.
Key Takeaways
- The long-term trend in AMD remains firmly bullish
- Prior resistance near all-time highs is being tested again
- Weekly and monthly structures support further upside
- Volume confirms growing institutional interest
- Near-term targets sit around 310–320
- Longer-term projections extend toward 380–400
AMD is not just moving higher—it’s doing so with structure, volume, and confirmation across multiple timeframes. Whether you’re trading swings or positioning for a longer-term investment, this is a chart worth keeping on your radar.
For more technical breakdowns, weekly market insights, and trade ideas, check out the full video analysis on the ApplTree360 YouTube channel:
https://www.youtube.com/@ApplTree360-s6j3t/videos
You can also find written market commentary and chart studies on the blog:
https://appletree360.com/
Have a great week and happy trading.
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