NVDA, INTC and AMD Forecast – Chop Stocks Show Signs of Life in Premarket

NVDA Technical Analysis

NVIDIA looks like it’s going to open higher based on pre-market trading on Monday as we continue to see more of a levitation in these stocks than anything else. Looking at this chart, the 145 level was somewhat resistant. So, I’m going to be watching that. But if we can clear that area, it might open up higher levels. It appears to be a buy on the dip type of market still. So that’s exactly how I am going to treat Nvidia from here.

INTC Technical Analysis

Intel looks like it’s going to rise a bit based on pre-market trading also, which is not a huge surprise. We’re somewhat close to the bottom of the overall trading range that we have been in since August of 2024. So, as we’re getting close to this bottom, value hunters continue to come into what looks to me, quite frankly, like a long-term accumulation phase. We’ll see if that’s how it actually plays out. But right now, it certainly is setting up that way.

AMD Technical Analysis

AMD also looks like it’s going to open positive on Monday, although we are dancing around the crucial 200 day EMA. So be aware that technical traders may be watching that closely. If we can break above the recent high from just a few trading sessions ago, that could open up a bigger move towards the $150 level. However, this is a market that has lost quite a bit of market share. So, we’ll have to wait and see. Short-term pullbacks could offer nice buying opportunities. It looks like there is a significant amount of support near the $110 level that is probably worth paying attention to as well. With that being the case, I remain bullish, but I am also tempering my expectations as far as momentum. I think this is going to be a long-term recovery play.

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