Alex Dudov
⬤ Advanced Micro Devices stands at a pivotal technical crossroads as price hovers near its yearly pivot support around $186. Warned that a weekly close below this pivot would confirm AMD topped out in late October and could trigger accelerated losses toward the 100-week moving average. Currently trading near $200.21, AMD sits just above the pivot level, with recent weekly candles showing indecision and fading momentum after earlier peaks above $260.
⬤ The weekly chart underscores the significance of $186 as a crucial long-term support that has historically shaped trend structure. If AMD loses this level on a weekly closing basis, AMD Stock Contracts on 2W Chart as $185 Floor Holds Firm analysis suggests the breakdown could soften bullish momentum and shift focus toward deeper downside targets. Breaking below structural thresholds like $185-$190 has previously marked inflection points where upside momentum stalls and selling pressure intensifies.
⬤ Recent coverage flagged weakening momentum and rejection near higher resistance zones. AMD Stock Risks Drop Below $200 as Double Top Signals Weakening Momentum highlighted how AMD's failure around upper resistance exposed downside vulnerability, with the $200 zone emerging as the next critical pivot. As one analyst noted, "Extended consolidation and pivot tests have been central to setting longer-term trends in AMD shares." Historically, weekly support and resistance behavior defines the stock's next meaningful directional move.
⬤ The reaction at $186 will likely define AMD's multi-month price structure. A confirmed breakdown would violate key intermediate support and reinforce that October's high marked a significant turning point. Conversely, stabilizing above the pivot could signal resilience and maintain potential for upside re-engagement. AMD Stock Holds Weekly Gains as $213 Bear Flag Pattern Persists noted ongoing pattern development that makes this week's close particularly consequential. With broader semiconductor volatility in play, how AMD responds at this pivot will shape its trend trajectory for coming weeks.
Alex Dudov
