Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AMD stock price prediction remains bullish till it holds $100.00 support.</a> </li> 
 <li> <span>2</span> <a>Advanced Micro Devices (NASDAQ: NYSE) is stuck in a narrow range.</a> </li> 
 <li> <span>3</span> <a>AMD share price is sustaining above the 200-day EMA.</a> </li> 
</ul> 
<p>Advanced Micro Devices (NASDAQ: AMD) stock is up by 72.18% on a YTD basis. It performed well in 2023 and generated decent returns for the long investors.&nbsp;</p> 
<p>AMD stock price is trading above the 200-day EMA showcase the trend is in an upward direction. Presently, the price is near the 50-day EMA which is acting as an immediate support for the bulls.&nbsp;</p> 
<p>In the mid of June, Advanced Micro Devices hit a 52-week high at&nbsp; $132.83 and formed a bearish candle. Later, prices witnessed short-term profit booking and retrace down to the 50-day EMA.&nbsp;</p> 
<p>The downfall in the AMD stock halted near $110.00 and prices entered into the narrow range of consolidation. Presently, AMD share price is continuing the consolidation and buyers are trying to defend the lower range.&nbsp;</p> 
<p>The broader market index Nasdaq and Dow Jones is mildly bearish. It might negatively impact the market sentiment as well as the prices of AMD stock.&nbsp;</p> 
<p>Advanced Micro Devices stock price closed the previous session at $110.23 with an intraday decline of -0.22%. The market capitalization stands at $178.10 Billion.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-amd-stock-price-at-make-or-break-level-strong"><strong>AMD Stock Price at make or break level</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/qJGYAYICOUc9E8VfNK48BqpwGs1Io4SKFg1f-lv_rhU2U_jr2zIOHCREb7g0KFLwMB72X7q-ZD_7ki-lORAQ9kMobRNvr9qVpfsyqy65nHsxm3zDkfTzT0ld2gDel487WKGZaGSvaqh34CCj386CbQ" alt="AMD Stock Price Prediction: Which will come first $100 or $130?"> 
  <figcaption class="wp-element-caption">
    NASDAQ: AMD daily chart by <a href="https://www.tradingview.com/x/1Nm33mVc/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>AMD Stock price (NASDAQ: AMD) retraced after hitting the 52-week high. The price pattern shows that sellers are getting active in the supply zone. Therefore, it will be difficult for the buyers to retest the $130.00 level in the coming months.</p> 
<p>If the AMD <a href="https://www.thecoinrepublic.com/2023/07/26/amd-stock-price-prediction-price-targets-for-nasdaq-amd/" rel="noopener noreferrer nofollow">stock price</a> drops below $110.00 then bears may try to drag it down to the $100.00 level.&nbsp;</p> 
<p>Moreover, if the situation gets worse and prices break $100 then a panic sell-off might trigger in the stock. The technical analysis suggests AMD <a href="https://www.thecoinrepublic.com/2023/07/26/amd-stock-price-prediction-price-targets-for-nasdaq-amd/" rel="noopener noreferrer nofollow">stock</a> might test $100.00 in the coming months.</p> 
<h3 class="wp-block-heading" id="strong-amd-stock-price-is-turning-bearish-strong"><strong>AMD Stock Price is turning bearish</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_e9f34"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:AMD",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_e9f34"

}

  );

  </script> 
</div>  
<p>AMD share price is mildly bullish and consolidated for the past 7 weeks in a narrow range. The stock might show a sharp rise or sharp decline which will decide the next direction.</p> 
<p>The MACD curve slopes sideways and trading near to the zero line indicates consolidation might continue for some more time. The RSI at 45 slopes down denotes weakness and sellers are strengthening their grip.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Advanced Micro Devices (NASDAQ: AMD) stock performed well in 2023 and hit a 52-week high. Presently, AMD share price got stuck into the narrow range and the presence of sellers is visible.&nbsp;</p> 
<p>The technical analysis suggests, AMD share is mildly bearish and seems like $100.00 will come first.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $121.00 and $133.00</li> 
 <li>Support levels: $100.00 and $90.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

AMD Stock Price Prediction: Which will come first $100 or $130?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 11, 2023

Worldcoin opens up WLD reservations for unverified users

Bitsonic CEO Arrested On Alleged Fraud Charges

Lil Tay Crypto Debuts Day After Influencer's 'Alleged Death'

QUALCOMM Stock (QCOM) Shows Bearishness, Will it Revisit $100?

Coinbase layer-2 network Base hits 136,000 daily active users

3M Stock Price Prediction: Can MMM Stock Rebound From CMP?

Join our free newsletter for daily crypto updates!