Intel Stock Up 4% in Pre-Market: Key Support and Resistance Levels to Watch

Intel (NASDAQ: INTC) is showing strength in pre-market trading, up 4% on the day, with shares currently priced around $21.66. The stock appears to be gaining momentum, and key technical indicators suggest a potential breakout.

Intel Stock Analysis: Key Support and Resistance Levels

Looking at Intel’s daily chart, we can see a strong support base has formed around $18.70—a level that has been tested four times since August. This repeated test has likely attracted buyers, leading to the recent uptick in price.

Currently, Intel is testing resistance at the 100-day moving average (~$22). This level previously acted as resistance in January, when the price was rejected. If Intel breaks and closes above $22, we could see a rally toward the next key resistance zone at $24-$25—representing an additional 12% upside from current levels.

Downside Risks: Key Support Level to Watch

On the downside, the $18.70 support base remains the most critical level to monitor. A clear break and close below this level could signal further downside pressure, leading to additional losses for the stock.

Intel Stock Outlook: Bullish or Bearish?

• Bullish Scenario: A break above $22 could lead to a move toward $24-$25, continuing the current rally.
• Bearish Scenario: A drop below $18.70 could signal further declines and potential bearish momentum.

For traders and investors, keeping an eye on volume, market sentiment, and broader tech sector trends will be crucial in determining Intel’s next move.