AMD | Rebound or Breakdown at Key Level?

$AMD — Feb 24, 2026

Price: $196.60 (-1.77%)

🔎 Market Context

• AMD has no earnings this week.

• NVDA earnings (Wed) are the main catalyst for the semiconductor sector.

• AMD signed a multi-year 6GW AI infrastructure deal with Meta, confirming AI demand strength.

• Broad market valuation signals remain stretched.

• QQQ / SPY trading near major resistance zones.

Sentiment split

• News flow: bullish

• Social sentiment: bearish

→ Institutions vs retail divergence.

📈 Technical Overview

Trend

• 1H: short-term rebound

• Daily: sideways range, bearish structure

Momentum

• RSI (1H): 81 → overbought

• RSI (Daily): 37 → weak trend

• Signals: neutral across timeframes

Volume

• Meta news pushed price to $200 last Friday.

• Current pullback shows declining volume.

• Follow-through buying remains weak.

🧭 Key Levels

Support

• $194 — intraday low

• $188 — major support (T7)

• $184.5 — Daily SMA200

Resistance

• $198.5 — 1H SMA20

• $200 — psychological + SMA50

• $205 — 1H SMA200

Range

• Larger consolidation zone: $184 – $220

⚖️ Market Read

AMD rejected again at $200 after the Meta-driven rally.

Short-term conditions are overbought, suggesting consolidation or pullback first.

✅ Hold above $194 → rebound attempt toward $198.5–200

✅ Break and hold $200 → next upside opens to $205

❌ Lose $194 → downside risk toward $188

NVDA earnings remain the biggest near-term variable.

💰 Trade Ideas

Bullish Scenario

• Entry: $194–197 support hold

• TP1: $200

• TP2: $205

• TP3: $216–218

• SL: below $193

Bearish Scenario

• Entry: confirmed break below $194

• Targets: $188 → $184.5

• SL: above $198

🧠 Trader Note

Semiconductor direction this week likely depends on NVDA earnings.

Consider lighter positioning before the event.