Intel has experienced quite a journey over the past year. After seeing its stock price rise by more than170% in 2026, July proved to be difficult with the stock price dropping as much as 28% in less than a month. Fortunately, on July 23, Intel announced its Q2 earnings report and the news was better than the markets anticipated. Following that announcement, Intel’s stock has been on the rise ever since. Today, INTC is trading near $105 and has a more optimistic outlook than what July’s market changes suggested.
Key price levels to watch
If the stock price decreases, support is expected to be around $95, followed by $89, with the lowest point being near $84. At these points, buyers began buying the stock in July, which suggests that these levels are significant. The first important resistance is at the range of $108-$109 since that’s where two averages meet. Furthermore, the next levels to watch after that would be $115, $125, and finally $140. By the way, $140 was the highest price this year.
Currently, the stock price is still below both key averages, which indicates a weak trend. However, the RSI is around the level of 45, which suggests that the stock price is neither too high nor too low.
Why the story looks strong
In the second quarter, Intel made $16.1 billion, which is significantly higher than what was thought. The company said that it is unable to produce enough chips for the demand coming from AI and data center customers. They are also increasing their spending plan for 2026 to over $20 billion. Intel also signed construction contracts with many world-famous companies like Google Cloud, which adds to the good situation. The stock price is high, but if the company keeps increasing the profits, the situation with it could change very quickly.
From the point of view of indicators, it seems a good time to buy the stock before December. As long as the price moves above $108, one can expect it to reach $125 and $140 if the demand gets bigger.