Intel Technical Analysis: Bullish 18A Breakout

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Intel (INTC) is trading around $42.64 in early January 2026 after a very strong rally. The stock has gained more than 15% in a week and is up roughly 114% over the past year, confirming a strong bullish trend. On January 7, it briefly surged about 11% intraday, reaching a new 52-week high at $44.57, before pulling back slightly.

Technically, $44.57 is now the immediate resistance, with $50 acting as the next major psychological target. On the downside, $39.30 has become a key support level after flipping from resistance, while the 60-period SMA near $38.50 reinforces this support zone. A deeper pullback could find support near $35, which held in late 2025.



Momentum indicators remain bullish, with price trading well above short-term moving averages, but the RSI is overbought, suggesting a short-term pause or mild correction is possible. The rally is being driven by optimism around Panther Lake AI PC chips and improving confidence in Intel's 18A process, which is seen as critical to restoring manufacturing leadership and supporting long-term margin recovery.

Overall, the setup favors a buy-on-dips approach. Holding above the $39–40 area keeps the path open toward $50, especially if progress on 18A node execution and customer adoption continues. A break below $38.50 would increase the risk of a pullback toward $35.

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