Intels stock price (INTC) rose in latest intraday trading in an attempt to vent off oversold saturation in the Stochastic as positive signals emerge from it, while bumping into the resistance of the 50-day SMA, exposing the price to negative pressure, especially amid the dominance of the main downward trend as the price trades alongside the secondary short-term trend line.

Therefore we expect the price to fall and target the pivotal support of $18.75, provided the resistance of $22.40 holds on.

Todays price forecast: Bearish