AMD Near Key Resistance! Trade Setups for
Technical Analysis (TA) Overview
AMD is currently trading near 114-115, moving within an ascending channel. The stock is facing resistance at 115.55, which aligns with a gamma resistance zone. If buyers push it past this level, AMD could test 116-120, but failure to hold support could lead to a move back toward 110 or lower.
📌 Key Support & Resistance Levels:
* Resistance: 115.55 (key resistance), 116.11 (previous high), 120 (call wall)
* Support: 113.06, 110.37, 108-105 (strong put support)
📌 Indicators:
* MACD: Bearish crossover—momentum is weakening.
* Stoch RSI: Near oversold (31.96), meaning downside may be limited.
* Volume Profile: Heavy trading volume around 114-115, meaning price could consolidate before its next move.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
* 115.55-116.11: Short-term resistance; needs momentum to break.
* 120: Highest call resistance—bulls must sustain a breakout.
🔹 Put Walls (Support):
* 110: Strong put support; if broken, could trigger downside to 108-105.
* 105: Critical support—bears need volume to push below.
🔹 Options Sentiment:
* IVR: 9 (low implied volatility—potential for a breakout).
* Call Open Interest: 28.6% – Bullish positioning is growing.
Trade Scenarios for Tomorrow
✅ Bullish Setup:
* If AMD breaks above 115.55, expect a push toward 116-120.
* Ideal entry: Above 115.55, stop-loss below 114.
* Profit targets: 116, 118, 120 (extension).
❌ Bearish Setup:
* If AMD fails at 115 and breaks below 113, expect a move toward 110-108.
* Ideal entry: Below 113, stop-loss above 115.
* Profit targets: 110, 108, 105.
Probability Estimate for AMD’s Next Move: Bullish Move Above 115.55 (Targets 116-120)
Scenario Probability (%): 50%
Reasoning: AMD is in an ascending channel, meaning bulls are still in control.
• Needs strong volume to break through 115.55-116 levels. | | Choppy/Sideways (Range 113-115.55) | 35% | - Volume profile suggests heavy trading activity around 114-115, meaning price may consolidate.
* MACD suggests weak momentum, signaling possible chop before a breakout. | | Bearish Breakdown Below 113 (Targets 110-105) | 15% | - Bearish MACD crossover signals weakening momentum.
* If 113 fails, expect downside toward 110-105. |
Final Thoughts
* AMD needs to break 115.55 to continue higher toward 116-120.
* If 113 fails, selling pressure could increase, pushing price to 110-105.
* IVR is low, meaning options are cheap, but also suggests low volatility.
🔹 Best Trading Plan:
* Bullish Play: Look for a breakout above 115.55 → target 116-120.
* Bearish Play: Watch for rejection at 115.55 or a break below 113 → target 110-105.
🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade with proper risk management.
AMD is currently trading near 114-115, moving within an ascending channel. The stock is facing resistance at 115.55, which aligns with a gamma resistance zone. If buyers push it past this level, AMD could test 116-120, but failure to hold support could lead to a move back toward 110 or lower.
📌 Key Support & Resistance Levels:
* Resistance: 115.55 (key resistance), 116.11 (previous high), 120 (call wall)
* Support: 113.06, 110.37, 108-105 (strong put support)
📌 Indicators:
* MACD: Bearish crossover—momentum is weakening.
* Stoch RSI: Near oversold (31.96), meaning downside may be limited.
* Volume Profile: Heavy trading volume around 114-115, meaning price could consolidate before its next move.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
* 115.55-116.11: Short-term resistance; needs momentum to break.
* 120: Highest call resistance—bulls must sustain a breakout.
🔹 Put Walls (Support):
* 110: Strong put support; if broken, could trigger downside to 108-105.
* 105: Critical support—bears need volume to push below.
🔹 Options Sentiment:
* IVR: 9 (low implied volatility—potential for a breakout).
* Call Open Interest: 28.6% – Bullish positioning is growing.
Trade Scenarios for Tomorrow
✅ Bullish Setup:
* If AMD breaks above 115.55, expect a push toward 116-120.
* Ideal entry: Above 115.55, stop-loss below 114.
* Profit targets: 116, 118, 120 (extension).
❌ Bearish Setup:
* If AMD fails at 115 and breaks below 113, expect a move toward 110-108.
* Ideal entry: Below 113, stop-loss above 115.
* Profit targets: 110, 108, 105.
Probability Estimate for AMD’s Next Move: Bullish Move Above 115.55 (Targets 116-120)
Scenario Probability (%): 50%
Reasoning: AMD is in an ascending channel, meaning bulls are still in control.
• Needs strong volume to break through 115.55-116 levels. | | Choppy/Sideways (Range 113-115.55) | 35% | - Volume profile suggests heavy trading activity around 114-115, meaning price may consolidate.
* MACD suggests weak momentum, signaling possible chop before a breakout. | | Bearish Breakdown Below 113 (Targets 110-105) | 15% | - Bearish MACD crossover signals weakening momentum.
* If 113 fails, expect downside toward 110-105. |
Final Thoughts
* AMD needs to break 115.55 to continue higher toward 116-120.
* If 113 fails, selling pressure could increase, pushing price to 110-105.
* IVR is low, meaning options are cheap, but also suggests low volatility.
🔹 Best Trading Plan:
* Bullish Play: Look for a breakout above 115.55 → target 116-120.
* Bearish Play: Watch for rejection at 115.55 or a break below 113 → target 110-105.
🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade with proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.