AMD stock fell after 6-session winning streak, reaching new highs, but facing resistance levels.

From Yahoo Finance: 2025-05-15 18:18:00

Advanced Micro Devices (AMD) shares fell after gaining for six days due to AI deals and share buyback plans. The stock surged to its highest level since February after approving a $6 billion buyback program. Shares fell 2% to just under $115 on Thursday, up 50% from April’s low. Resistance levels are $132 and $150.

Since breaking out above the 50-day moving average, AMD’s price has accelerated. The relative strength index shows overbought conditions, suggesting potential consolidation. Crucial support levels are at $110 and $96, while resistance levels are near $132 and $150. A pullback could test $110, with further downside to $96.

Bullish momentum could drive the stock toward $132, facing resistance near the 200-day moving average. Above $132, a rally to $150 is possible. Investors may lock in profits at key levels. Technical levels are crucial to monitor for potential buying or selling opportunities.



Read more at Yahoo Finance: Watch These AMD Stock Price Levels as 6-Session Winning Streak Snapped