Super Micro Computer Inc. (NASDAQ: SMCI) continues to teeter on a knife’s edge as investor sentiment wavers near the $34 mark. After a volatile start to 2025, the stock has slipped from its February highs, finding short-term footing around $28.35—a level that previously triggered a brief recovery rally.
Despite a few days of consolidation, SMCI faces a critical resistance barrier at $39.63. Failure to reclaim this zone leaves the bulls vulnerable to another pullback toward $28.35, and possibly even the next major support at $17.63. The RSI is hovering near 45, indicating a neutral to slightly bearish momentum, while the MACD remains in negative territory, signaling weak buying conviction.
This lack of bullish momentum comes at a time when broader tech sentiment is cooling off. SMCI’s chart structure suggests the recent bounce could merely be a dead-cat reaction unless volume surges and price closes decisively above $40.
Until then, traders are watching closely. A bullish breakout above $39.63 could reignite interest and potentially send the stock climbing toward $50.25. But without stronger confirmation, the path of least resistance still tilts downward.
SMCI is at a crossroads—breakout or breakdown, the next few sessions could be pivotal.
This post was last modified on Apr 15, 2025, 11:48 BST 11:48