What is behind Intel stock's recent drop in value today

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Intel slides 2.45% today to $105.93

Highlights

Intel secured a major foundry order from Google to manufacture over 3 million Tensor Processing Units for 2028 delivery.
Intel is advancing chip-development partnerships, expanding with Cadence Design Systems on 14A chips while trialing its 18A process with Nvidia.
Technicals show the stock trades in a short-term downtrend but with strong medium- and long-term upside, projecting a $99.90–$114.98 range and high probability of an advance.

Major foundry orders boost sentiment as selling persists

Intel announced a partnership with Alphabet's Google to manufacture more than 3 million Tensor Processing Units for delivery in 2028, marking a significant order for its foundry operations. The company also expanded cooperation with Cadence Design Systems for 14A chip development, while its 18A manufacturing process was reported to be in trials with Nvidia. These developments in Intel's chip manufacturing and partnerships were recorded, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, notes Intel’s price action signals active near-term selling despite recent positive news on partnerships and foundry business expansion. He highlights mixed technicals: MACD is bullish, but the RSI and CCI show indecision and negative sentiment. The failure to sustain gains after the Google order raises questions about investor conviction. He points out that the drop beneath the 20-day moving average and sharp intraday losses underline the fragility of current bullish setups. Kharitonov cautions, "Further downside risk is significant if $99.90 fails, as positive news alone has not arrested selling momentum."

Viktoras Karapetjanc, expert at Traders Union, views Intel’s strategic deals with Google and Cadence as powerful catalysts for future growth. He emphasizes the healthy medium- and long-term technical structure, with price well above the 50- and 200-day averages and strong weekly indicators. Karapetjanc maintains that the bullish structure remains intact despite short-term volatility. He expects upward momentum to resume, given supportive fundamentals and institutional partnerships. "A breakout above $114.18 should open the door for further growth — the market offers multiple setups for trend continuation here," he affirms.

Intraday volatility rises amid bullish medium-term signals

Intel is trading below its 20-day moving average ($114.01), above its 50-day moving average ($91.36), and well above its 200-day moving average ($52.12). This setup signals that the stock faces short-term selling pressure, but maintains a positive medium- and long-term structure, with the nearest dynamic resistance near the Ichimoku Kijun level at $114.18 and potential support around the 50-day average. Momentum is mixed: Moving Average Convergence Divergence (MACD) on the daily shows a strong buy, but the average directional index (ADX) also indicates strong but waning trend strength. The Relative Strength Index (RSI) is neutral, Stochastic RSI is neutral, and the Commodity Channel Index (CCI) is in negative territory, highlighting the lack of oversold conditions. Bull/Bear Power (BBP) remains clearly positive, implying buyers still dominate overall, although the indicator is overbought on the daily. The Awesome Oscillator is neutral. The stock moved sharply lower today, falling $2.66 or 2.45%, after opening with an upside gap of about $2.46. Price is currently near the session’s low, and intraday volatility stands at 5.73%. That combination points to renewed intraday selling pressure after the open. There is a notable divergence between medium-term bullish momentum signals and intraday weakness.

Earlier, analysts noted that Intel maintained a generally bullish long-term outlook despite pockets of short-term volatility and mixed technical signals. With new momentum from major manufacturing partnerships and a high probability of upside in the coming week, investors should closely watch for a potential breakout above the $114.18 resistance to confirm a shift in near-term sentiment.

Source of Data: INTC Price Analysis by TU

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

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