Intel Stock Surges 22.77% With Bullish Technicals Eyeing 32.38 Breakout

Candlestick Theory
Intel's recent candlestick formation reveals significant bullish momentum. The last two sessions (Sep 23-24, 2025) show consecutive green candles with long real bodies, closing near session highs—a clear sign of buyer dominance. The Sep 24 candle closed at $31.22 after testing $31.7 (intraday high), indicating rejection of lower prices. A critical support zone emerges at $28.70–$29.00, anchored by the Sep 22 low and Sep 19 consolidation. Resistance is firm at $32.38, the Sep 18 post-earnings gap-up high, validated by the long upper wick on Sep 24 suggesting selling pressure.
Moving Average Theory
Short-term momentum is strengthening as the 50-day MA ($27.15) ascends toward the 100-day MA ($26.80), with both poised to cross above the 200-day MA ($25.40). This golden crossover signal suggests a potential transition from a bearish to bullish long-term trend. The current price ($31.22) trading above all three key MAs reinforces upside bias. Immediate support rests at the 50-day MA, while sustained trading above $30.50 may confirm trend endurance.
MACD & KDJ Indicators
MACD (12,26,9) shows a bullish crossover above the signal line since Sep 18, with the histogram expanding—reflecting accelerating upward momentum. KDJ (9,3,3) resides in overbought territory (K:78, D:75, J:84), suggesting near-term exhaustion risk but validating strong short-term trend strength. Divergence is absent, aligning with price action. However, the KDJ overextension warns of potential consolidation or pullback before renewed upside.
Bollinger Bands
Bollinger Bands (20,2) expanded sharply post-Sep 18 breakout, indicating heightened volatility. The price consistently trades near the upper band ($31.90), signaling robust bullish control. The Sep 24 close slightly below the upper band suggests minor consolidation. Contraction near $30.50 would imply volatility compression, potentially preceding the next directional move. A sustained hold above the 20-day SMA ($29.50) maintains upside bias.
Volume-Price Relationship
Volume confirms bullish conviction: The Sep 18 surge (523M shares, 22.77% gain) marked a decisive breakout. Recent rallies (Sep 23-24) saw elevated volume (126M and 164M shares), supporting sustainability. Notably, down days since Sep 18 feature sequentially lower volume (e.g., Sep 22: 130M vs. Sep 19: 225M), indicating weakening sell-side pressure. Accumulation is evident above $30, with high-volume rejection of prices below $29.
Relative Strength Index (RSI)
RSI(14) reads 67, approaching overbought territory but not yet signaling exhaustion (historically peaked at 82 on Sep 18). Current levels suggest room for upside before caution. The RSI’s higher lows since August align with ascending price action, avoiding bearish divergence. Traders should monitor for sustained readings >70, which may flag profit-taking triggers.
Fibonacci Retracement
Applying Fib levels to the swing low of $19.15 (Jul 10) and high of $32.38 (Sep 18):
- 23.6% retracement: $28.30 (aligned with Sep 22 low of $28.73)
- 38.2% retracement: $26.80 (confluent with 100-day MA)
Recent price held the 23.6% level, turning it into support. The 50% level ($25.76) overlaps with the 200-day MA, creating a strong technical floor. Upside targets include the 161.8% extension near $35.00.
Confluence & Divergence Observations
Confluence: Multiple indicators align at $29.30–$29.50 (23.6% Fib + 20-day SMA + Sep 23 low), establishing critical support. A break above $32.38 would trigger bullish consensus, amplified by volume confirmation and MACD momentum.
Divergence: The KDJ’s overbought status contrasts with RSI’s neutral positioning, suggesting short-term consolidation may precede further gains. No material bearish divergence exists.
In summary, Intel exhibits a technically constructive outlook, underpinned by volume-supported breakouts, moving average alignment, and robust support zones. While near-term overbought signals in KDJ advise caution, the absence of bearish divergences and strong confluence at $29.50 imply guarded optimism for continuation targeting $32.38–$35.00, contingent on holding key supports.