In the past week, Intel stock (INTC) has grown more than 12% and is continuing its rally this Tuesday. Analysts are pointing to key price levels to watch as INTC shares continue to surge. If you’re an investor in the chipmaker as it looks to catch up to Nvidia, these price levels could be points of interest to indicate that the stock is performing well.
Amid a strategic update and ongoing deal rumors, Intel is performing well to start 2025. In the last 30 days including the end of 2024, INTC stock is up nearly 14%. Now, a bullish engulfing pattern has formed on the chart near the early-September low. According to investing experts, this sets the stage for a potential double bottom. This period gives investors another opportunity to buy a dip in INTC value before an even larger rally.
The key support level for Intel stock is currently at $19. Last week, the company’s shares posted an impressive reversal, picking up steam from that $19 low back to $21. Additionally, last week’s rally occurred on the highest weekly volume since December 2024. The rally came thanks to increased investment by large holders such as hedge funds and institutional investors. This rise in buying means bigger gains for INTC, with three price points in particular to note.
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Price Points to Watch in Intel Stock (INTC)
A continuous increase in INTC stock purchases could see shares rally from the second bottom to $25. A successful close above this $25 mark could mean the next target becomes $30. Investors could seek exit points here near a trendline that connects a range of comparable highs and lows on the chart from September 2022 to June last year. This region also roughly aligns with the 50% Fibonacci retracement level when stretching a grid from the December 2023 high to the September 2024 low.
For those bullish investors looking to stay in, a successful maintaining of INTC above $30 could propel the stock to $37. This mark will likely see the most selling pressure, making it an exit point for maximum ROI during this rally.
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Furthermore, looking long term, positive Q4 earnings results at the end of January could be a catalyst for these gains and further ones. While $37 remains the nearest high target, investors are optimistic that Intel will perform far better in 2025 than in 2024. The company fell far behind Nvidia (NVDA) in the AI race. However, with much more competition in that realm this year, AI companies and institutional investors could get larger slices of the pie this year, meaning better stock performances.