Intel Stock Price Levels to Watch as Struggling Chipmaker's Earnings Loom

Intel's Stock Performance and Technical Analysis - Intel shares will be in focus this week as investors await the company's third quarter results after Thursday's closing bell [1][2] - The stock has recovered 23% from its early-September low, supported by the company's turnaround plans, but remains more than 50% lower since the start of the year [2] - Intel shares have been trading sideways since breaking above the neckline of a double bottom pattern last month, with a doji forming last week indicating indecision [3] - The relative strength index (RSI) has flattened out in recent weeks, confirming rangebound conditions in the stock [3] Key Support and Resistance Levels - Key support levels to monitor are around $22 and $19, with $22 sitting just 3% below Friday's close and providing support near the double bottom pattern's neckline [4] - A breakdown below $22 could see the stock revisit $19, where bargain hunters may look for buying opportunities [4] - Important resistance areas to watch are near $25, $30, and $36, with $25 being a potential exit point for investors who purchased at lower levels [5] - A rally through $25 could see the shares climb to $30, where overhead selling pressure may emerge, and a more bullish move may lead to a retest of the $36 level [5] Revenue Expectations and Competitive Landscape - Analysts expect Intel to report a decline in revenue for the third quarter due to softening demand for PC and server chips [2] - The company faces intensifying competition from rivals such as Advanced Micro Devices (AMD) and Nvidia (NVDA), contributing to its shrinking dominance in the chip market [2]