Mubasher: The stock of Intel (INTC) is moving in an upward trend, supported by a series of higher highs and lows. The stock recently experienced a strong correction from its peak of $55.35, successfully rebounding from a key support level near $43.95.
Tuesday’s session closed above this support level, and the stock opened pre-session trading around $46.20.
The price jumped from $45.70 to $47.00 and closed above a significant resistance level near $45.85.
Now, it is retesting this support level, and a successful hold above it would support the upward trend towards $47.70-$48.00.
A break above this level would push the price towards $49.00-$50.00, while a drop below $43.95 would threaten the continuation of the short-term uptrend.
Price Action Summary
INTC stock experienced sideways movement at the beginning of 2025, from January to August. It then broke out of this sideways trend with a significant increase in trading volume, supported by a series of higher highs and lower lows, continuing until January 2026.
More recently, it experienced a sharp correction from $54.60 to $42.30, but the stock's overall upward trend remained unchanged. In 2025, the stock successfully recovered from the declines it experienced in 2024.
Intel stock gained in premarket trading after reports Nvidia will use Intel foundries for 2028 GPU production.
Disclaimer:
This analysis is based on technical analysis tools and reflects a comprehensive analytical view that may vary depending on interpretation methods.
It does not constitute a direct recommendation to buy or sell, nor an invitation to make investment decisions. This is intended solely for monitoring and study purposes. Investment decisions are the sole responsibility of the investor, based on their financial situation and investment goals.
