-
Intel shares will likely remain on investors’ radar screens Tuesday after a report over the weekend said that Broadcom and Taiwan Semiconductor Manufacturing Co. are considering bids for parts of the company.
-
Since gapping sharply lower in early August last year, the stock has remained mostly rangebound, potentially carving out a rectangle bottoming pattern.
-
The relative strength index sits just below the 70 threshold, confirming bullish momentum, setting the stage for positive price action to continue this week.
-
Investors should watch key overhead areas on Intel’s chart around $26, $32, $37, and $45, while also monitoring a major support level near $19.
Intel (INTC) shares will likely remain on investors’ radar screens Tuesday after The Wall Street Journal reported Saturday that Broadcom (AVGO) and Taiwan Semiconductor Manufacturing Co. (TSM) are considering bids for parts of the embattled chipmaker.
According to the report, Broadcom has been looking into Intel’s chip-design and marketing business, while contract chipmaker TSMC has mulled taking over some or all of Intel’s chip plants as part of an investor consortium or another structure.
Intel shares surged more than 20% last week after Vice President JD Vance said at a recent AI conference in Paris that the Trump administration would take steps to ensure AI chips are designed and manufactured in the U.S, a move that could benefit Intel’s foundry business that makes chips for third parties.
Sentiment surrounding the stock received a further boost last week on speculation that the company may partner with TSMC to fabricate chips in the U.S. Despite last week’s gains, Intel shares have lost nearly half their value over the past year amid concerns about the chipmaker’s uncertain turnaround plan and inability to capture more of the lucrative AI silicon market.
Below, we take a closer look at Intel’s chart and apply technical analysis to identify key price levels that investors may be watching out for.
Since gapping sharply lower in early August last year, Intel shares have remained mostly rangebound, potentially carving out a rectangle bottoming pattern.
This month, the stock has rallied towards the top of the rangebound period on above-average volume, though the closely watched 200-day moving average (MA) has provided resistance in recent trading sessions.
Meanwhile, the relative strength index (RSI) sits just below the 70 threshold, confirming bullish momentum, setting the stage for positive price action to continue this week.
