Watch These Intel Stock Price Levels as Chipmaker Continues to Rally

Intel's (INTC) stock price has been on a tear lately, surging over 3% from the previous market close to reach $24.86. This rally comes on the heels of the announcement of a leadership change at the once-dominant semiconductor giant, with Pat Gelsinger retiring and David Zinsner and Michelle Johnston Holthaus taking over as interim co-CEOs. As investors respond positively to this news, it's essential to keep an eye on specific price levels to capitalize on Intel's ongoing rally and make informed decisions about your investments.

Support Level: $19.00
The floor of the rising trend channel in the medium long term represents a crucial support level for Intel's stock price. If the stock breaks below this level, it could indicate a weaker initial rising rate and a potential reversal in the stock's trend. Keep an eye on this level to assess the strength of the rally and the likelihood of a pullback.

Resistance Level: $26.40
This level represents the resistance for the long term trading range. If the stock price breaks above this level, it could signal a stronger uptrend and potential further gains. Monitor this resistance level to determine if Intel's rally has enough momentum to push through and continue its upward trajectory.

Analyst Price Targets
Several analysts have recently adjusted their price targets for Intel, providing investors with an idea of the potential upside for the stock based on their expectations for the company's performance. For instance:

* UBS adjusted its price target to $26 from $25, maintaining a neutral rating.
* Bernstein reaffirmed its neutral rating.
* Evercore ISI adjusted its price target to $26 from $25.
* Goldman Sachs adjusted its price target to $20 from $21.
* BNP Paribas Exane adjusted its price target to $20 from $18.
* Citigroup adjusted its price target to $22 from $25.
* Rosenblatt Securities adjusted its price target to $20 from $17.
* HSBC adjusted its price target to $20 from $19.80.
* Baird adjusted its price target to $25 from $20.
* Mizuho Securities adjusted its price target to $23 from $22.
* Truist Securities adjusted its price target to $26 from $25.
* Cantor Fitzgerald adjusted its price target to $25 from $27.
* Jefferies adjusted its price target to $25 from $28.
* Deutsche Bank reaffirmed its neutral rating.
* Morgan Stanley lifted its price target to $25.58 from $25, keeping an equal-weight rating.
* Truist Securities raised Intel's price target to $26 from $25, keeping a hold rating.
* Stifel adjusted Intel's price target to $25 from $28, keeping a hold rating.

The average analyst price target of $27.4 represents a 24.12% increase from the current stock price of $22.08, suggesting that analysts expect Intel's stock to continue its rally and reach new highs in the coming months.



In conclusion, investors should monitor the support level of $19.00 and the resistance level of $26.40, as well as the analyst price targets, to capitalize on Intel's ongoing rally and make informed decisions about their investments in the company. By keeping a close eye on these price levels, investors can better navigate the dynamic semiconductor landscape and position themselves for potential gains.