Intel (INTC) Price Forecast Summary

Published on February 24, 2026, by Bruce Powers, this article discusses the recent price movements and technical analysis of Intel Corporation (INTC) shares, highlighting a significant trend shift and potential future price actions.

Key Points

• Intel has broken its long-term downtrend, indicating a potential trend shift.
• Recent price action shows a higher swing low, suggesting that buyers are gaining control.
• The stock has defended support levels at the 50-day and 10-week moving averages.
• A weekly close above $46.83 could pave the way for a rise to $54.60 and beyond.

Long-Term Breakout and Bullish Structure

Intel's shares completed a breakout above a long-term downtrend line in early January, reaching a high of $54.60. This breakout was confirmed by a daily close above a previous swing high of $51.28 from December 2023, indicating a bullish reversal.

Corrective Pullback Finds Support

After reaching the high, the stock experienced a bearish correction, dropping to a low of $42.28, which coincided with a 61.8% Fibonacci retracement level at $42.46. A subsequent bounce led to a lower swing high at $51.49, followed by another decline that found support at $42.88, slightly higher than the previous low. This support was confirmed near the 50-day and 10-week moving averages.

Potential Scenarios

Two scenarios are likely from this point:

1. If support holds at the recent low, the stock may advance to challenge the previous high of $54.60.
2. A deeper pullback could occur, potentially touching the long-term downtrend line estimated around $40.50.

Bullish Response and Trend Continuation Signals

The support near the 50-day moving average has been confirmed over the past few days, leading to an upside breakout to a four-day high of $46.10. This suggests that the bearish correction may have ended, indicating a potential acceleration in bullish momentum.

Trend Channel and Bullish Trigger Levels

Intel has been moving within a rising trend channel for about four months. A weekly bullish reversal is expected if the stock rallies above last week’s high of $46.83, which would also mark a recovery of the center line of the trend channel, increasing the likelihood of an eventual breakout.

Conclusion

The analysis of Intel's price movements indicates a significant shift in market sentiment, with potential for further gains if key support levels hold. Investors should monitor the stock closely for signs of continued bullish momentum.