AMD Overbought – Beware

Founder of Share Planner • Sep 25, 2026 at 2:14 PM EDT

Advanced Micro Devices shares are heavily overbought following a sharp 45% monthly rally, signaling potential downside risk from a gap fill.

Advanced Micro Devices (AMD) is extremely overbought at this level, and considering it has rallied 45% so far this month, it isn’t something I would go after. There is also some risk exposure to a gap fill underneath.

What you want is for some consolidation to happen, similar to what June through August brought us, and then play the next leg higher, especially when you view that same consolidation through the weekly chart.

Disclaimer:

Nothing herein should be considered personalized investment advice. The advice we provide is published generally, is not personal to you and does not take account of your personal circumstances. You should not base investment decisions solely on this document.