AMD Forms 7-Week Cup Base, Stage 2 Uptrend Intact

Posted on by Eben@CANSLIM Research
AMD daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

AMD is consolidating within a 7-week Cup Base, with the stock holding above its rising 30-week moving average in a clear Stage 2 advance. The setup shows a 26.1% base depth and a pivot at $580.91, while the broader trend template passes 7 of 8 checks, including price above key moving averages. Overall sentiment is bullish, with the market focused on the potential breakout from this constructive base.

As of 2026-08-14 · Close $514.39

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 14.61%)

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