Stock of the day: Intel

In today’s stock of the day analysis, let’s take a look at Intel, which has been relatively quiet throughout March in terms of big moves, but has nonetheless played a crucial role in confirming key technical levels.

Over the past few weeks, Intel’s price action has helped solidify a well-defined range between support and resistance. The orange resistance, first established in November, was retested in February and again in mid-March, confirming its role as a ceiling for price movement. A breakout above this level would provide a clear long-term buy signal, signaling renewed bullish momentum and the potential for a sustained rally.

On the downside, we have a yellow support zone, first established in August and tested multiple times—September, December, January, February, and again in March. This level has consistently served as a reliable floor, keeping the price from sliding further. If the price were to break below this yellow support, it would trigger a strong signal to sell, indicating bearish control and the potential for a deeper pullback.

To sum up, Intel is in a key consolidation zone, and whichever level breaks first—orange resistance or yellow support—will likely define the next major directional move.