INTU rebounds 4.3% holds $526 support
$Intuit(INTU)$
INTU Rebounds +4.34%: Strong Bounce from $526 Support, Eyes on $660 Resistance
Latest Close Data
Closed at $547.69 (01/22/2026 ET), up +4.34% ($22.77). This rebound places the stock 32.7% below its 52-week high of $813.70.
Core Market Drivers
The stock rebounded sharply from near its 52-week low, driven by a potential relief rally in the tech sector. Investor focus remains on the upcoming tax season and the performance of its AI-driven financial platforms.
Technical Analysis
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Volume was robust at 3.23M shares (Volume Ratio: 0.84).
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The RSI(6) surged to 30.71, emerging from extreme oversold territory (<10), signaling a strong bullish reversal.
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The MACD remains in negative territory but the DIF line shows signs of slowing its decline, hinting at potential momentum shift.
Key Price Levels
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Primary Support: $545.69 - The recent swing low, crucial for the new uptrend.
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Strong Resistance: $660.69 - A major technical barrier from the previous downtrend.
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Immediate Pivot: $548.25 (Today's High) - A break above confirms short-term bullish control.
Valuation Perspective
Forward P/E stands at 22.62, significantly below its historical average of 33.17 and the -1 Std. Dev. of 28.99, suggesting the stock may be undervalued relative to its own history.
Analyst Targets
Coverage is overwhelmingly bullish. 30 analysts have an average price target of $795.78 (+45% upside). Consensus is "Buy," with 9 Strong Buy, 19 Buy, 5 Hold, and only 1 Underperform ratings.
Weekly Outlook
Expect consolidation between $545 and $570 as the rally digests. A sustained close above $550 could target the $580-$600 zone. A failure to hold $545 support risks a retest of the $520 lows.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Trading involves risk, including potential loss of principal. Past performance does not guarantee future results. Conduct your own research before making any investment decisions.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
