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- 3/15/2024 -
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Intel Corp. (INTC) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversold
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It was the negative week for the Intel Corp. (INTC). During the week, the INTC dropped -1.36 points, or -3.09%, and closed at 42.64 on Friday, March 15, 2024. It was the worst weekly loss since January 26, 2024. Weekly volume was 7% above average.

INTC is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See INTC long-term trend chart]
A long-term downtrend had started on January 24, 2020 at 69.28 and reached 24.59 on October 13, 2022. INTC lost 44.69 points, or 64.51%, in 141 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 10.79 and resistance is at 66.58. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See INTC medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 24.59 and reached 51.28 on December 27, 2023. INTC gained -26.69 points, or -108.54%, in 62 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 29.01 and resistance is at 45.33. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See INTC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 2, 2024. Use the following link to access a MACD help.

Short-term trend: [See INTC short-term trend chart]
A short-term uptrend had started on February 2, 2024 at 41.60 and reached 46.63 on March 8, 2024. INTC gained -5.03 points, or -12.09%, in 35 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See INTC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.91
Williams' Percentage Range (W%R) 88.60
Oversold
Lane's Stochastic (%D-Slow) 31.25
Greed/Fear Indicator (GFI) 30.53
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.86
Williams' Percentage Range (W%R) 46.20
Lane's Stochastic (%D-Slow) 23.22
Greed/Fear Indicator (GFI) 41.34
Moving Average Converg./Diverg. (MACD) 2.64
Trading Signals
Description Value Chart
Parabolic System 46.50
Upper Bollinger Band 46.02
Quarterly Trendline Resistance 45.33
50 Day Moving Average 44.79
20 Day Moving Average 43.71
Weekly Stochastic Crossing 43.61
Daily Stochastic Crossing 43.35
Price 42.64
Lower Bollinger Band 41.71
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Semiconductors 59
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 41.60
Low Date 02/02/2024
High 46.63
High Date 03/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.28
High Date 12/27/2023
Low 41.60
Low Date 02/02/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.73
Low Date 02/28/2023
High 51.28
High Date 12/27/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 45.33
Support 29.01
Low 24.59
Low Date 10/13/2022
High 51.28
High Date 12/27/2023
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 66.58
Support 10.79
High 69.28
High Date 01/24/2020
Low 24.59
Low Date 10/13/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.