Intel’s Stock Price Has Doubled Since Hitting Its 2025 Low—Watch These Key Levels

Intel (INTC) shares are trading at their highest level in 18 months, with the latest gains sparked by a report the company is in early-stage talks to manufacture chips through its foundry business for rival Advanced Micro Devices (AMD).

Shares of the struggling chipmaker surged nearly 40% in September and have gained about 80% since the start of the year, boosted by news of a flurry of high-profile investments in the chipmaker—from the U.S. government, AI Favorite Nvidia (NVDA), and Japanese investment company SoftBank (SFTBY). Gains accelerated late last month after reports surfaced that that the chipmaker has solicited investments from Apple (AAPL) and Taiwan Semiconductor Manufacturing Co. (TSM).

The investments have renewed hopes that the once storied chipmaker will be able recapture market share under CEO Lip-Bu Tan, who assumed the role in March.

Intel shares were down 0.4% at $35.80 in early trading Thursday, after gaining 7% yesterday following news of the possible deal with AMD. The stock, which is trading at its highest levels since April of last year, is up from a 2025 low of $17.67 set in April.

Below, we take a closer look at Intel’s daily chart and apply technical analysis to identify major price levels worth watching out for.

 RSI Confirms Upward Price Momentum

Since the 50-day moving average (MA) crossed above the 200-day MA in August to generate a bullish golden cross signal, Intel shares have continued to trend higher on above-average volume.

Meanwhile, the relative strength index (RSI) confirms upward price momentum, though the indicator sits in overbought territory, which could potentially lead to near-term profit-taking.

It’s also worth pointing out that the average directional index (ADX) recently crossed above 40, a reading that indicates strong trending conditions in the stock.

Let’s identify two major overhead areas to watch if Intel shares continue gaining ground and also locate support levels worth tracking during potential downturns.

Major Overhead Areas to Watch

A continuation of the stock’s recent bullish momentum could see the price initially climb to around $42. The shares may run into overhead selling pressure in this location near the lower levels of a consolidation period that formed on the chart throughout most of February and March last year.

Buying above this area could spark a rally toward $50. This chart location would likely attract significant interest near the psychological round number and twin peaks that emerged on the chart in December 2023 and January 2024.

Key Support Levels Worth Tracking

If the stock declines, it’s firstly worth keeping track of the $30 level. Investors could look for entry points in this region near a brief retracement following last month’s prominent gap and a period of rangebound price action on the chart between May and June last year.

Interestingly, this area served as support in mid-September near the Bollinger Band indicator’s upper band shortly after it had expanded to reflect increasing volatility in the stock.

Finally, a close below this level may see Intel shares retreat to around $26. This level, which currently sits just above the rising 50-day MA, would likely attract strong buying interest near a range of notable peaks that formed on the chart from November to August.

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As of the date this article was written, the author does not own any of the above securities.