Intel stock price eyes breakout at $22 after sharp rebound from multi-week lows
Intel trades near $21 as bullish momentum builds
Intel Corporation (NASDAQ: INTC) is showing signs of a bullish shift as the stock rebounds from a multi-week demand zone near $18.30–$18.70 and pushes toward the $20.00–$21.50 region. The recovery follows a decisive breakout from a descending trendline that had capped upside momentum since March.
Recent price action, visible on both the 4-hour and 30-minute charts, signals improving sentiment, though the stock remains technically constrained within a broader descending triangle visible on the daily timeframe.
The $20.75–$21.30 band now serves as the immediate resistance zone, bolstered by the 50 and 100 EMAs. A stronger supply ceiling exists at $22.00–$22.20—a zone that has repeatedly acted as a pivot since the start of 2025. A confirmed breakout above this range, particularly on increased volume, would mark a medium-term trend reversal and open the door to $24.10–$25.00. Until then, Intel may continue consolidating within the $20.00–$21.50 range.
Intel stock price dynamics (January 2025 - April 2025) Source: TradingView.
Technical indicators support near-term bullish bias
On the momentum front, the MACD remains in positive territory with a recent bullish crossover supporting the advance from $18.50. The histogram continues to print green bars, reinforcing the upward bias. Meanwhile, the RSI sits at 48.66—neutral, but climbing—and has consistently bounced from the 45–50 zone, suggesting buyers remain engaged on dips. However, the Stochastic RSI at 83.50 warns of potential short-term exhaustion, making a minor pullback or consolidation plausible in the coming sessions.
Short-term EMAs are stacking bullishly, with the 20 EMA at $20.12 and the 50 EMA at $20.75 sloping upward. But price must break above the 100 EMA at $21.30 and the 200 EMA at $21.88 to validate a full reversal. A failure to hold above $19.96 could expose downside risk back to $18.90.
Outlook: Watch for a breakout above $22
Intel is currently navigating a critical pivot zone that could determine its medium-term direction. A breakout above $22.20 would validate the bullish setup and suggest a sustained recovery is underway. Until then, bulls face strong resistance, and the stock may remain range-bound.
As previously discussed in our April technical analysis, Intel was forming a base around the $18.30–$18.70 demand zone with early signs of bullish divergence. The breakout now seen aligns with the projected recovery zone outlined earlier. However, confirmation above the $22.20 threshold remains critical to shift the broader trend bullish. Traders should remain cautious until this structural level is cleared with volume support.
