In today’s stock of the day, let’s take a closer look at Intel.
Intel had a very strong performance in the second half of last week, with price action accelerating and bringing the stock to new highs for 2025. This rally was technically significant, as it marked a clean escape from the red rectangle pattern — a consolidation zone that had capped Intel’s moves since mid-2024. Breaking out of such a long-lasting structure often provides the foundation for more sustainable momentum.
What makes this breakout even more notable is that Intel also climbed above the orange horizontal resistance, which had acted as a barrier since the lows of 2022 and 2023. Flipping this level from resistance into support changes the technical landscape entirely, as it shows that sellers failed to defend a multi-year zone. This flip is now an important validation point for buyers.
With these technical achievements in place, sentiment remains firmly positive as long as Intel stays above the newly confirmed orange support. A continuation of this strength could invite a run toward higher resistances and potentially extend Intel’s outperformance in the semiconductor space. Traders will, however, want to keep an eye on any pullbacks — as holding above the breakout zone will be crucial for keeping the bullish outlook intact.