Intel Corporation (INTC) came under renewed selling pressure in recent intraday trading as the stock declined sharply amid the emergence of bearish signals from momentum indicators. The latest decline has pushed the stock below a key short-term ascending trendline, placing it under increased downside pressure. The stock has also broken below its 50-day Simple Moving Average (SMA), further reinforcing the bearish outlook and increasing the likelihood of deeper losses in the near term.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $125.65 remains intact. Under this scenario, the stock is expected to target the key support level at $98.35.

Today's price forecast: Bearish.