Intel price surges past $21 as bullish breakout clears key resistance
Intel breaks out past $21, with technical momentum signaling upside continuation
Intel Corporation (NASDAQ: INTC) staged a strong technical breakout recently, climbing more than 7% intraday to trade near $21. The move marks a critical shift in short-term structure, as the stock broke decisively above its descending trendline and cleared the $20 psychological level, which had acted as resistance since early April.
The bullish breakout was reinforced by a rise in trading volume and alignment across technical indicators. The 30-minute chart confirmed a structural change after the stock breached $19.50 resistance and formed a new consolidation range just below $21. The rally was backed by the 20 EMA steepening upward and price reclaiming the 50 EMA at $20.77. A potential golden crossover looms, with the 100 EMA at $21.37 and the 200 EMA at $21.94 likely to be tested if bullish momentum holds.
Intel price dynamics (August 2024 - April 2025) Source: TradingView.
Oscillators, momentum indicators point to sustained strength
Momentum indicators are also signaling trend continuation. The MACD histogram has flipped green, with the MACD line (+0.20) clearly above the signal line, confirming upward momentum. Bollinger Bands are widening, and price is riding the upper band near $21.17, indicating increased volatility with bullish bias. The Relative Strength Index (RSI) is holding at 55.6—neither overbought nor neutral—leaving room for additional upside. Meanwhile, the Awesome Oscillator turned green and is heading above the zero line, another confirmation of bullish control.
Short-term levels and what comes next
Immediate resistance now lies at $21.40, aligning with the 100 EMA. A successful breach and close above this zone may open the path toward $22.60 and even $23.20. On the downside, $19.50 and $18.41 remain key support zones to watch, with a breakdown below those levels threatening to invalidate the breakout.
In our earlier analysis, Intel was trading near $18.93 with bearish structure intact. The breakout past $20 flips the outlook to bullish, confirming trend reversal with multi-timeframe validation.
