BroadChain News, April 28 - According to BeInCrypto, Intel (INTC) closed at $82.54 last Friday, with a monthly gain of approximately 100%, hitting a record high. Market attention has shifted to whether it can reach $100 by the end of May. The sharp post-earnings rally has pushed the stock into deeply overbought territory, while bearish option positions have quietly increased. The chip giant's next move depends on a chart pattern forming on the two-day chart.
On the two-day chart, Intel's stock price has risen for seven consecutive months, but trading volume has continued to shrink. From September 17 to April 23, prices steadily climbed while volume moved in the opposite direction, forming a classic divergence between price and volume—upward momentum is weakening. The Relative Strength Index (RSI) has hit 80.92, entering overbought territory for the second time in a year. The previous instance occurred in early 2026, followed by a stock price correction of about 23%.
Currently, Intel is trading at over 120 times expected earnings for next year, the highest forward valuation among large chip stocks. In the last quarter, the company reported a net loss of $3.7 billion after accounting for the Mobileye write-down, while its Intel Foundry division, the core of its transformation, lost another $2.4 billion during the same period. Momentum is the only factor supporting the stock price above fundamentals. In the options market, the put/call volume ratio has risen from 0.93 on March 27 to 1.23 on April 23, with put positions continuing to accumulate. Implied volatility stands at 73.63%, and its IV Rank of 90.76 suggests the market is preparing for significant price swings.
Wall Street analysts remain cautious. Barclays gives a Hold rating with a target price of $65; Bank of America reiterates a Sell with a target of $56; Morgan Stanley and RBC both rate it as Hold, with targets of $73 and $80, respectively. Only Roth MKM gives a Buy rating at $100, and Northland at $92. From a technical perspective, the rally from $40.76 to $85.37 forms the flagpole of a potential bull flag pattern. As long as the stock price holds above $64.84, the pattern remains valid. A two-day close above $83.10 (the 0.618 Fibonacci level) would confirm a breakout, potentially driving the stock toward $94.39 or even $112.66. If it breaks above $94.39, the path to $100 would open.