INTU Intuit Chart, History Price & Graph

Key Takeaways

• Price is trading near INTU $432‑$438, below the 50‑day and 200‑day moving averages, confirming a short‑term downtrend.
• Immediate support clusters around $425‑$430; a stronger support zone lies at $386‑$390 (the March‑24 low at $431.2 and the May‑low around $386.24).
• Resistance is positioned near $445‑$455, aligning with the 50‑day MA (~$450) and the recent high of $449.7.
• RSI sits in oversold territory (≈28.3), while MACD remains negative, indicating bearish momentum but also potential exhaustion.
• Volume spikes on down‑days (e.g., 2.8 M shares on March 24) confirm selling pressure, yet volume has tapered, hinting at possible short‑term relief.

Trend Analysis

Recent price action shows a clear series of lower highs and lower lows, forming a descending channel that began in early March. The stock closed at $432.45, a 5.38% decline from the prior session, and remains below key long‑term averages. The 50‑day moving average (~$450) and the 200‑day moving average (~$470) act as dynamic resistance, signaling that the broader trend is still bearish.

Support and Resistance Levels

Traders are watching several zones:

• Primary support: $425‑$430 – the area where price found buying interest after the March 24 drop.
• Secondary support: $386‑$390 – a cluster identified by the March low at $431.2 and the May 15 pivot at $386.24.
• Key resistance: $445‑$455 – aligns with the 50‑day MA (~$450) and the recent high of $449.7, forming a ceiling for any short‑term rally.

If price breaks below $425, the next downside targets are $410 and then $398, which coincide with the 20‑day SMA (≈$408) and the 20‑day EMA (≈$401) levels.

Moving Averages

The following averages are currently above price, reinforcing bearish bias:

• 20‑day SMA ≈ $408.35 (price above this short‑term level).
• 50‑day SMA ≈ $415.56 and EMA ≈ $436.79 (price well below).
• 100‑day SMA ≈ $517.52 and EMA ≈ $494.09 (significant gap).
• 200‑day SMA ≈ $607.91 and EMA ≈ $555.15 (long‑term upside distance).

The “death‑cross” configuration—where the 50‑day MA crossed beneath the 200‑day MA—has already occurred, suggesting continued downward pressure unless a decisive break above the 50‑day MA materializes.

Momentum Indicators

RSI: The 14‑day RSI reads 28.3, firmly below the 30 oversold threshold. This signals that price may be ripe for a short‑term bounce, but extended downtrends can keep RSI low for weeks.

MACD: The histogram is negative, with the MACD line below the signal line, confirming bearish momentum. No bullish crossover has appeared yet.

ADX: Recent readings have been in the weak‑trend zone, indicating that the current move lacks strong momentum—an environment where price can consolidate before the next leg.

Stochastic/K DJ: %K is near 18 and %D near 24, both in oversold territory, mirroring the RSI signal.

Volume and Market Activity

Volume surged to 2.8 M shares on March 24, confirming the sell‑off that pushed price below $430. Subsequent sessions have seen lower volume, suggesting that the intensity of selling is waning. Bollinger Bands have widened, with price touching the lower band, a classic sign of heightened volatility that may contract if the market finds a footing near support.

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Technical Outlook and Key Levels to Watch

The next price action will likely test the $425‑$430 support band. A clean close above $445 would signal a potential reversal and could prompt the 50‑day MA to act as a new support level. Conversely, a break below $425 may accelerate the move toward $410 and then $398, aligning with the 20‑day SMA and EMA zones. Traders should monitor RSI for a move above 30, MACD for any bullish crossover, and volume for confirming spikes on any breakout or bounce.

Disclaimer

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