Are you watching Advanced Micro Devices (AMD) and wondering where the stock could be headed next? Then you’re in the right place. Let’s break down the recent AMD price performance and assess what it may signal for the short term. As of May 6, 2025, AMD stock is trading near $100.59, down around 17% year-to-date. This decline in value comes after decreased revenue from the GPU exports due to tighter U.S. chip export rules.
Despite these issues, AMD remains a strong player in the AI and PC chip space. The company has product launches lined up, which investors think could ignite momentum for AMD. Investors and traders are closely watching how the company navigates market headwinds, especially in a competitive semiconductor landscape. Let’s take a closer look at what the charts reveal.
Advanced Micro Devices (AMD) Price Analysis for May 6, 2025
Advanced Micro Devices opened at a price of $99. The stock began the session with a bullish push, forming a strong green candle to $100.37. Right after, the AMD price quickly entered an upward trend, going up to $101.23. This rise was short-lived as the price faced resistance at that point and turned downward, forming a downward trend to $100.33 by 14:30 UTC. However, it found support at that level, initiating another upward trend with several short green candles indicating a gradual bullish trend.
AMD M-5 Price Chart, analyzed by raodevansh18, published on TradingView, May 6, 2025
After a brief retracement to $100.7 marked by the bearish candle at 15:00 UTC, the price again gained slightly to reach $101.13. However, the death cross on the MACD led the price to test the support again. The AMD stock started another upward trend with a clear series of higher highs and higher lows at 15:45 UTC. The price climbed to $100.88. A short red candle was observed at 16:30 UTC. However, the bullish momentum remained stable as the price steadily climbed, eventually breaking the $101.7 resistance.
Once AMD approached the $102 mark, the candles began consolidating sideways, forming a tight trading range just below resistance. This sideways movement persisted until 18:50 UTC, suggesting indecision among buyers and sellers. Eventually, bears regained control, pushing the price out of the consolidation range. A downward trend followed, marked by multiple red candles, dragging the price closer to the lower support zone once again.
Technical Indicators Paint Bearish Picture for AMD
The MACD indicator provided confirmation for the bearish trends throughout the session. An early golden cross coincided with the start of the first upward trend, while a subsequent death cross aligned with the price dip. A second golden cross near the middle of the chart confirmed the recovery phase, again followed by a death cross, which came before the final downward slide.
The RSI also hovered above the 70 level for most of the session. It touched overbought levels during the sharp upward move and again during the range formation near resistance, both of which signaled potential reversals. Toward the end, the RSI dropped into the oversold territory, indicating weakening selling pressure.
Short Comeback Likely, More Retracement to Come for AMD Price After
Looking ahead, the technical indicators suggest a mixed outlook for the next trading day. The RSI’s position in the oversold zone could imply a short-term bounceback, especially near the support level. However, the latest death cross on the MACD hints at a continuation of bearish momentum unless bulls step in early.
If the AMD stock holds above the current support around $100, a sideways to slightly bullish recovery may occur. Otherwise, a breakdown below this zone could invite further selling pressure. Traders may look for confirmation via volume spikes and MACD convergence to determine the direction of the next strong move. As it stands, caution remains warranted going into the next session.
Advanced Micro Devices (AMD) Stock Price Analysis for May 8
Trading opened with the AMD stock priced at $100.74. The session opened with a bullish candle, taking the price up to $102.5. However, heavy bearish momentum followed as the AMD stock plunged sharply in a well-defined downward channel, sliding from above $102.54 to near $98 within the first hour of trading. The price consistently touched lower highs and lower lows after the bullish opening candle. The red candles dominated early price action, showing firm control by the bears. This steep fall set a bearish tone for the coming hours.
AMD, NASDAQ M-5 chart, analyzed by raodevansh18, published on TradingView, May 8,2025
Following this, the AMD price started recovering steadily, entering a structured upward channel. This shift indicated the beginning of a gradual comeback. Higher lows and consecutive bullish candles helped the stock reclaim the $99.5 level. However, the upward momentum hit a ceiling as the AMD price approached resistance at $99.6. The market faced a brief rejection here, as the price slumped to $97.47 by 15:35, reflecting the strong bearish grip. However, the price managed a strong comeback, going up to $99.80 in the next 20 minutes.
AMD Dips Below Support, Stages Remarkable Recovery
Around the same time, the stock shifted into a short-term downtrend, pulling back toward $98.30. The price found support well above earlier lows, hinting at a bullish resurgence. The price, building bullish pressure, attempted a reversal by 16:35 UTC. This reversal led the price up to $99.55. But, a second downward trend quickly followed at 17:10, dragging the AMD price to the lower support level at $97.9. This decline, however, found a firm base near $97.88 at 17:35. For the next half an hour, some consolidations occurred as short candles formed, reflecting market indecision. The bearish candle at 18:00 UTC pulled the price below the $97.9 support, with the AMD price now at $97.06.
From 18:15 UTC, Advanced Micro Devices saw renewed bullish activity. The AMD stock rebounded strongly, forming an upward trend to 98.44. The price entered a tight trading range between $98 and $98.50. Eventually, around 19:30 UTC, the bulls regained control, breaking out of the range with consecutive strong green candles that lifted the AMD price to $100.7 by 19:40. A short corrective candle did form, but the price continued to move up to reach $100.37 by the session’s close, reclaiming the key resistance zone.
Indicators Corroborate Price Movements, Suggest Bullish Opening
Technical indicators validated most of the observed AMD trends. Early in the session, the MACD flashed a death Cross, which aligned with the steep opening decline. A golden cross near 16:00 UTC provided early confirmation of the upward recovery. Another death cross appeared around 18:00 UTC before the final breakout was supported by a third golden cross, in sync with bullish momentum. The RSI was overbought at the start of the session, aligning with the ensuing downtrend. For the rest of the session, it has been between the normal 30-70 levels. However, it climbed steadily to near overbought levels by session close, hinting at growing buyer strength.
Buyers May Push Price Up Early, Short-Term Reversals Highly Probable
With the AMD stock closing above the $100 resistance zone, the market sentiment is cautiously bullish. The MACD’s recent golden cross and the rising bars on the price chart reflect growing bullish momentum. The RSI is also nearing 70, indicating strength but also potential exhaustion if the bulls overextend. The market sentiment is cautiously bullish with the AMD stock closing above the $100 resistance zone. It will be worth noting whether the AMD price can hold above $99.50. Sustained buying could push Advanced Micro Devices toward $101.50–$102, while rejection might send the AMD price back toward the $98.20–$97.80 range.
About The Author
