Intel Rose 285% in H1, Then Sank 30%. What Its Chart Says NowIntel CorporationBATS:INTCmoomooIntel INTC has had quite a year so far, rising more than 285% in 2026's first half to hit a $142.35 all-time intraday high on June 30, then falling back some 30% since then to close Monday at $97.52. Let's see what the chip giant's technical and fundamental analysis say might happen next. Intel's Fundamental Analysis INTC shed 4.1% Monday after announcing plans to sell $15 billion of new common stock, which will presumably dilute existing shareholders. (The firm then upsized the offering on Tuesday to $20 billion.) Intel said in a statement that it plans to use proceeds for general corporate purposes that could include capital expenditures and working capital "to pursue the growth opportunities ahead while maintaining a strong balance sheet and investment-grade rating." As for the chip firm's financials, Intel released Q2 earnings a few weeks back that showed $0.42 of adjusted earnings per share on $16.1 billion of revenue for its fiscal Q2 ended June 27. Those top- and bottom-line results beat the Street's expectations, with Intel's sales print representing 24.8% in annual growth -- crushing what had been analysts' consensus view. Management also issued Q3 guidance that far exceeded anything that Wall Street was looking for, aided by continued elevated demand for its CPUs for AI-related purposes. Intel projected $15.8 billion-$16.8 billion of revenue generation for the current quarter, which the firm will likely report in late October. Even that range's low end exceeded the $15.2 billion that Wall Street had been looking for at the time for Q3 results. Analysts now forecast $0.38 in adjusted EPS for Q3 on $16.4 billion of revenue. In fact, 29 of the 30 sell-side analysts that I know of who cover INTC have revised their estimates higher since the quarter began. (One has made no changes.) Intel's Technical Analysis Let's look at INTC's chart going back to late March and running through Thursday afternoon (Aug. 6): Readers will see that Intel developed a rising wedge of bearish reversal through this past spring, shaded in light orange at the chart's left. This pattern worked quite well, as Intel's share price apexed on June 30 at a $142.35 all-time intraday high before suffering a sell-off into mid-July. INTC lost its 21-day Exponential Moving Average (or "EMA," marked with a green line) and 50-day Simple Moving Average (or "SMA," denoted by a blue line) in the process. What I think I see in the making now is a possible inverse-head-and-shoulders pattern of bullish reversal. Marked in green at the chart's right, this pattern has a $103 pivot (the apex of the right shoulder). However, the inverse-head-and-shoulders pattern is only about two-thirds of the way into its development, so I might be early or even just plain wrong about this. Looking at the other technical indicators on the chart above, Intel's Relative Strength Index (the gray line marked "RSI" at the chart's top) has rallied to the neutral line, but stopped there. That offers us little in the way of useful market intelligence. That said, the stock's daily Moving Average Convergence Divergence index (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) is starting to look much more bullish. For example, the histogram of the 9-day EMA (the blue bars) has found its way back above the zero-bound after a month of being in negative territory. That's a short-term bullish sign. In addition, the 12-day EMA (the black line) has moved back above the 26-day EMA (the gold line). That's also bullish -- and this signal will be amplified if both lines can move into positive territory while the black line maintains its lead on the gold one. (Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long INTC at the time of writing this column.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. 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