AMD Surges 6.41% to $155.61 on Heavy Volume as Technicals Signal Bullish Momentum

Advanced Micro Devices (AMD) closed at $155.61, surging 6.41% on substantial volume of 93.19 million shares. This robust upward move establishes $153.56 as immediate support and $158.68 as new resistance.
Candlestick Theory
Recent price action reveals a reversal pattern near the $141-$142 support zone (June/July 2025 lows). The July 15th session formed a bullish marubozu candle after a hammer pattern on July 9th, confirming strong buying interest at psychological support. Key resistance now sits near the yearly peak of $179.75 (July 2024), with secondary resistance emerging around $165-$168 – a prior congestion area in October 2024.
Moving Average Theory
The 50-day and 100-day moving averages have positively crossed above the 200-day MA, signaling sustained bullish momentum. Current price sits above all three key averages (50D/100D/200D), confirming an established uptrend. The critical support confluence lies near $143-$145 where the 50D and 100D MAs converge, while the ascending 200D MA at $132 provides a longer-term safety net against pullbacks.
MACD & KDJ Indicators
MACD shows accelerating bullish momentum, with the histogram expanding above its signal line after a mid-June reset near neutral territory. Meanwhile, the KDJ oscillator registers an overbought reading (K:83/D:77) following the recent surge, suggesting potential near-term consolidation pressure. However, both indicators lack bearish divergence, implying corrective moves may be shallow.
Bollinger Bands
A volatility expansion occurred with price breaking above the upper Bollinger Band ($154) on July 15th – typically a continuation signal when accompanied by high volume. Bandwidth remains elevated compared to June’s contraction, indicating strong trend participation. Mean reversion toward the $148-$149 midline would represent a healthy technical reset without damaging the uptrend structure.
Volume-Price Relationship
The July 15th breakout was validated by the highest volume in four months, confirming institutional accumulation. Throughout June-July, advancing sessions consistently showed volume expansion (e.g., June 16th +8.81% on 100M shares), while pullbacks occurred on diminishing turnover. This volume profile confirms the current uptrend's sustainability with no distribution signals present.
Relative Strength Index (RSI)
The 14-day RSI at 68 approaches overbought territory, though not yet at concerning levels. This coincides with price nearing the upper Bollinger Band, suggesting potential consolidation near $155-$158. Crucially, RSI has consistently respected 40-45 as support during pullbacks since January 2025, implying that any retreat would find buyers before reaching oversold conditions absent fundamental deterioration.
Fibonacci Retracement
Applying Fib levels between the April 2025 trough ($85.17) and July 2024 peak ($179.75), critical support emerges at the 38.2% retracement ($143.46) and 50% level ($132.46). Recent price rebounded precisely at the 38.2% level in early July, reinforcing its technical significance. The 61.8% retracement at $165.60 aligns with the October 2024 consolidation zone, creating a confluence resistance target.
Confluence occurs as the 38.2% Fib level ($143.46) overlaps with the 50D/100D moving average support and prior price congestion, creating a high-probability buy zone. Notable bearish divergence exists between July’s higher high and KDJ’s lower high, warning of near-term exhaustion despite the MACD’s bullish confirmation. Overall technical architecture remains constructive, with strategic entries near the $143-$145 confluence zone offering favorable risk/reward potential, while a sustained break above $165 would confirm resumption of the primary bull trend.