AMD's stock price is trading above the 5-day moving average. Will it keep rising?

AMD's stock price is currently trading above its 5-day moving average, which is a bullish signal. However, the forecast suggests that the price may not continue to rise in the near term. Here's an analysis based on the available data:

1. Current Price Trend: AMD's stock is between narrow resistance levels and wide resistance levels, indicating that the price is under pressure from above. The current price trend is considered to be swinging, which suggests that the stock is not moving in a clear direction at the moment

2. Forecasted Price Trend: The forecast for AMD's price trend is bearish, with a sell advice and a historical win rate of 53.96% for this type of forecast This indicates that the probability of the stock price falling is higher than continuing to rise.

3. Support and Resistance Levels: The stock is currently positioned between narrow and wide resistance levels, which means that while there is some room to move up, the wide resistance level at $136.66 suggests that significant upward movement may be difficult
4. Market Sentiment: Recent news about AMD, such as the tech stock downturn and the snapping of its six-session winning streak, indicate that there may be some negative sentiment in the market. This could impact the stock's price even if the trend suggests otherwise.

In conclusion, while the current trading above the 5-day moving average is a positive sign, the overall forecast and market sentiment suggest that AMD's stock price may not continue to rise in the near term. Investors should be cautious and consider these factors before making decisions.