AMD Stock: Key $174 Resistance Could Trigger 17% Pullback
Quick overview
- AMD shares have rebounded 138% after a significant drop, now facing resistance at the $174 golden ratio level.
- A sustained break above $174 could lead to a retest of the all-time high at $227, indicating a potential upside of 32%.
- Momentum indicators show mixed signals, with bullish trends on longer timeframes but signs of fatigue on shorter ones.
- The stock is currently holding support at $160.5, and a decisive close above $174 is needed to confirm the bullish trajectory.
Over the past year, AMD shares have shed 66% of their value before finding a significant support zone that sparked a strong bullish reversal. Since that low, the stock has rallied more than 138%. The question now: does this recovery still have room to run?
AMD Confronts Key Resistance at Golden Ratio Level
AMD has executed a textbook retracement to the golden ratio support at $80, where it staged a decisive bullish reversal, rallying more than 138% from its lows. In the process, the stock has cleared the 50-month EMA resistance at $117 and advanced to test the critical golden ratio level at $174. A sustained break above this threshold would formally invalidate the ongoing correction phase, potentially opening the path for a retest of the all-time high at $227. This implies upside of roughly 32%.
Momentum indicators reinforce the long-term bullish structure. On the monthly chart, the MACD lines have crossed bullishly, and the histogram has been advancing for four consecutive months. The RSI remains in neutral territory, providing room for further upside, while the EMAs display a golden crossover—confirming the trend’s bullish orientation over the longer horizon.
AMD Faces Rejection at Key $174 Golden Ratio Resistance
AMD is encountering selling pressure at the golden ratio resistance level of $174, though buyers are attempting to defend the advance. A failure to decisively break above this barrier could trigger a 17.3% pullback toward the 0.382 Fib support at $147.5. Should that level give way, the next major downside target lies at the golden ratio support near $115.
Momentum signals are showing early signs of fatigue. The MACD histogram has begun ticking lower this week, while the RSI is approaching overbought territory—suggesting a potential pause or reversal in momentum. Nevertheless, the MACD lines remain bullishly crossed, and the EMAs continue to display a golden crossover on the weekly chart, confirming that the mid-term trend bias remains to the upside.
Golden Crossover on AMD’s Daily Chart Amid Mixed Momentum Signals
On the daily timeframe, AMD’s EMAs have recently formed a golden crossover, reinforcing a bullish bias in the short- to medium-term trend. However, momentum indicators are sending a more cautious message: the MACD lines have crossed bearishly, and the histogram has been declining for the past six sessions—signaling a potential loss of upward momentum. Meanwhile, the RSI remains neutral, offering no clear directional bias at this stage.
Similar Outlook on AMD’s 4H Chart
On the 4-hour timeframe, AMD’s EMAs have also formed a golden crossover, confirming short-term bullish trend alignment. Supporting this, the MACD histogram is trending higher, while the RSI remains in neutral territory—indicating room for movement in either direction. However, the MACD lines are still bearishly crossed, tempering the immediate bullish case.
At present, the stock is holding support at the 50-4H EMA near $160.5. A successful defense of this level could set the stage for another challenge of the golden ratio resistance at $174. For the bullish trajectory to be confirmed, a decisive weekly close above $174 would be required.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save