Intel (INTC) Shares Trading Around $30
In August, we observed that:
→ Intel (INTC) shares gained significant bullish momentum following reports that the US government was engaged in discussions to acquire a stake in the company;
→ the INTC chart was signalling a possible fundamental shift in market sentiment, suggesting that the prolonged bearish trend since 2021 might be coming to an end and a potential rally base could be forming.
In addition, last month brought an official announcement that Japanese conglomerate SoftBank Group would invest $2 billion in Intel, further strengthening positive sentiment. September has continued to deliver additional catalysts for price growth:
→ On 18 September 2025, Nvidia officially confirmed a $5 billion investment in Intel and announced the begin of a multi-year strategic partnership. This announcement surprised the market: instead of direct competition, these two industry giants chose to collaborate in developing new products. This development triggered a strong bullish gap in INTC shares, pushing the price above the psychological $30 level for the first time this year.
→ More recently, Bloomberg reported that Apple is reportedly exploring a potential investment in Intel. Although this remains speculative at this stage, with no official confirmation from either party, the news was enough to drive INTC shares higher, with a gain of more than 6% yesterday.
Technical Analysis of INTC Shares
In our earlier analysis, we emphasised the significance of the $20 level, which appeared to provide solid support, likely driven by institutional interest. This support may have reflected market confidence that the US government would not abandon such a strategically significant company, especially in the broader context of technological competition with China.
For many months, INTC shares had been in a clear downtrend (indicated by the red line on the chart). However, price action in August and September has broken this pattern, validating earlier observations. A series of higher lows and higher highs throughout 2025 has formed an ascending channel (highlighted in blue), with key developments including:
→ In ahead September, INTC shares consolidated near the channel median, indicating a balance between supply and demand around the $25 level;
→ Subsequent bullish developments in September shifted sentiment decisively in favour of purchaviewrs, resulting in a sharp rise toward the upper boundary of the channel.
From a bearish perspective, potential resistance points for further growth include:
→ The psychological $30 level, which previously acted as strong support in May;
→ The upper boundary of the ascending channel.
Although the market currently appears overbought, it remains possible that:
→ purchaviewrs could delay profit-taking, anticipating longer-term gains;
→ If positive speculation about additional investments in Intel continues to strengthen and is confirmed, this could extend the upward trend — potentially along a steeper trajectory, as indicated by the orange projection on the chart.
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