Intel has been stuck in a sideways trend for more than a year, locked inside a wide rectangle formation. The price continues to trade between a key support around $18 and resistance around $27, and so far, neither buyers nor sellers have managed to take control.
Most recently, Intel tested the upper boundary of this rectangle but failed to break through. Instead, the price bounced lower, confirming once again that this range is still very much alive. For now, the market is simply moving sideways, building more tension with each test of the boundaries.
The takeaway here is clear: the longer a consolidation lasts, the stronger the breakout tends to be when it finally happens. Traders should keep a close eye on this rectangle. A daily close above $27 would signal a long-term buy, while a daily close below $18 would be a powerful sell trigger. Until then, patience is key.