Intel (INTC) shares are showing renewed strength, having risen by 11% over the past four trading sessions to reach $22.00. This marks what appears to be a second attempt to re-establish an upward trend, with upside targets in the $28.00–30.00 range. The initial recovery effort occurred in early March, when the stock entered a consolidation phase between $19.00 and $25.00 following a steep 64% decline.

The longer-term downtrend was broken in February 2025, when prices climbed above the key resistance level of $21.50, later retesting it from above in early March. This breakout sparked a 34% rally, which was ultimately reversed due to the onset of tariff-related market volatility.

Currently, a renewed upward move appears to be building from the $20.00–22.00 support zone. Based on the current momentum, further gains of 35–40% could be possible, targeting the $28.00–30.00 area. To manage downside risk, a stop-loss is placed at $13.00, below key long-term support.