Intel Stock: Key Levels to Watch Amid Tariff Volatility

Intel's stock has been on a rollercoaster ride in recent months, with tariff developments and strategic partnerships driving significant price swings. As investors navigate this volatile landscape, it's crucial to monitor specific price levels that could signal future movements. Here's a breakdown of the key areas to watch.

Tariff Impact and Strategic Partnerships

The recent announcement by President Trump of a 90-day pause on many tariffs has provided a much-needed boost to Intel's stock. On April 10, 2025, Intel shares soared 19% to close at $21.53, reflecting investor optimism about reduced trade tensions. This rally was part of a broader bullish reversal that saw the stock reclaim its September low, potentially setting the stage for further gains.

Additionally, reports of a potential joint venture with Taiwan Semiconductor Manufacturing Company (TSMC) have added to the positive sentiment. This deal, if confirmed, could ramp up domestic contract chip manufacturing and provide a significant catalyst for Intel's stock.

Key Technical Levels to Monitor

# Overhead Resistance

1. $25 Level: This is the first major resistance level to watch. A break above $25 could signal further bullish momentum, potentially leading to a longer-term reversal. However, this level is also near a trendline that has acted as resistance since mid-1997, so selling pressure could emerge.

2. $35 Level: The next key resistance level is around $35. This area is significant because it coincides with the 200-month moving average and a multi-year horizontal line that has marked comparable trading activity since January 1999. A move above $35 could indicate a strong bullish trend, but investors should be prepared for potential selling pressure at this level.

# Support Levels

1. $18.50 to $17 Level: This zone has been a crucial support area for Intel's stock. It marked the recent low and is near a range of similar price points stretching back to the late 1990s. If the stock retreats, this level will likely attract significant buying interest.

Historical Context and Moving Averages

Intel's stock has a rich history of volatility, with significant price swings driven by both market dynamics and company-specific news. The 50-month moving average has been a key level to watch, as seen in December 2023 when the stock rallied to this level before encountering selling pressure. The 200-month moving average, currently around $35, is another critical level that could act as resistance in the near term.

Market Sentiment and Future Outlook

Despite the recent rally, Intel's stock has lost 44% over the past 12 months, reflecting the uncertainty surrounding the company's restructuring plans and constant deal speculation. However, the stock has outperformed the S&P 500 since the start of the year, indicating that investors are cautiously optimistic about Intel's future prospects.

As Intel continues to navigate the complexities of the semiconductor industry, investors should keep a close eye on these key levels. The potential joint venture with TSMC and the tariff developments could provide significant catalysts for the stock, but the path forward is likely to be volatile. By monitoring these technical indicators and support/resistance levels, investors can better position themselves to capitalize on Intel's price movements.