Intuit stock price forecast: $355 support level as INTU slides 5.24%

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Intuit drops 5.24% to $376.95 today

Highlights

Intuit delivered better-than-expected Q2 FY26 earnings, maintaining double-digit revenue and EPS growth guidance for the year.
Investor concerns persist regarding AI disruption risks and post-tax season revenue pressure, despite strong full-service adoption within core platforms.
INTU trades under significant selling pressure with bearish momentum, expected to consolidate between $355 and $385 over the next week barring a decisive move below support.

Earnings beat met with AI disruption risk and ongoing selling

Intuit reported Q2 FY26 results that exceeded estimates, with double-digit revenue and EPS growth reaffirmed for the fiscal year. Investor focus remains on risks from AI-driven disruption and the seasonal tax business especially following the April tax filing peak. Strong momentum was noted for QuickBooks and TurboTax's full-service adoption, though price action has remained under broader selling pressure.

Sustained weakness as technical signals flag persistent bearish momentum

INTU is currently trading well below the SMA-20 ($401.48), SMA-50 ($414.48), and SMA-200 ($601.48), while the Ichimoku Kijun level at $408.62 acts as immediate resistance. The session began with a gap down from $397.79 to $382.82, and price action has remained near the intraday low of $374.15 amidst heightened volatility. MACD is on a strong sell signal and ADX reads 23.92, indicating a moderate but clearly negative trend. The RSI is at 45.98 (sell), Stoch RSI signals overbought, and CCI is neutral, while BBP shows a strong overbought condition despite sellers controlling intraday momentum.

Sideways trading anticipated amid low rebound probability

Over the next five trading days, INTU is forecast to fluctuate within a typical volatility band between $355 and $385 based on recent price action. There is a low probability (less than 20%) of a sustained rebound, with the baseline scenario anticipating extended consolidation above key support. A decisive break above the $408–$410 resistance area could improve sentiment, while a close below $355 may trigger further technical selling.

Viktoras Karapetjanc, expert at Traders Union, sees solid underlying fundamentals for Intuit despite short-term price weakness. The analyst notes strong revenue and EPS growth, with the core platforms showing positive user momentum. He views macro and sentiment pressures as temporary, expecting consolidation to set a base for recovery if resistance is challenged. "I remain constructive on Intuit’s outlook, and believe sustained fundamentals will soon outweigh current volatility."

Earlier, analysts noted that Intuit was experiencing sustained bearish momentum, with technical indicators and price action suggesting continued downside risk. The current pullback alongside persistent weakness below moving averages reinforces that view, making the $355 support and the $408–$410 resistance range critical levels to monitor for any shift in near-term direction.

Source of Data: INTU Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.