INTEL Smashed through ATH. What's next?

TradingView2026/04/24 21:12

By:TradingView

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Intel (INTC) smashed through its long forgotten August 2000 All Time High (ATH), hitting out $69.00 long-term Target that we set 3 months ago (January 26, see chart below) much earlier than expected, after stronger-than-expected quarterly results and upbeat outlook driven by rising demand for AI-focused data center chips:

INTEL Smashed through ATH. What's next? image 0

So the obvious question now is: 'What's next?'

Well based on the 17-year Bullish Megaphone since the 2008 U.S. Housing Crisis, it can rise as high as $110.00, which is just below the 1.382 Fibonacci extension as it did on the 2014 rally, before correcting back below the 1.0 Fib, finding Support on its 1M MA50 (blue trend-line) just above the 0.786 Fib. Even though it's quite long-term to project, but we expect that to be around $57.00.

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INTEL Smashed through ATH. What's next?

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