Intel reaches key resistance as volatility risks grow
Intel stock played out the previous bullish setup and entered the $95–98.50 target zone. Further momentum now depends on how buyers respond near the upper end of this range.
61.93
95.68
Donald Trump once again highlighted Intel’s stock performance publicly, posting an image showing the shares rising from roughly $20 to $95. This is more of a sentiment factor than a new fundamental catalyst, but it has once again drawn attention to the U.S. government’s position in Intel.
Importantly, the U.S. market is closed on September 7 for Labor Day, so the technical levels below apply to the next regular trading session on September 8.
Intel rally faces its next major technical test
The bullish setup outlined earlier played out, with Intel stock reaching the $95–98.50 target zone.
For the next regular trading session, $98.50 becomes the key resistance level. A decisive break and sustained move above this mark would increase the probability of a further advance toward the psychological $100 level and the 50-day SMA near $100.50.
The base case, however, remains a test of $98.50 followed by a short-term cooling phase. If a daily doji candle forms near resistance on elevated volume, it would provide an additional sign that buying momentum is weakening after the recovery.
A pullback could also begin without a doji forming. In the event of a sharp rejection from the $95–98.50 zone, the nearest important downside target would be the area around $91.50.
Inflation data could sharply increase volatility
The next several sessions could bring significantly higher volatility. August PPI is due on September 10, followed by CPI on September 11, while the Fed meeting is scheduled for September 15–16.
Hotter-than-expected inflation could reinforce expectations of a more restrictive Fed policy stance and pressure semiconductor stocks, while softer data could help INTC clear $98.50. The $95–98.50 area therefore becomes crucial not only from a technical perspective but also ahead of September’s key macroeconomic releases.
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