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Advanced TA SearchArchive - 4/19/2024 - Sign In to see current Signals. |
Intel Corp. (INTC) Technical Analysis
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| Summary:
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| | It was the negative week for the Intel Corp. (INTC). During the week, the INTC dropped -1.49 points, or -4.17%, and closed at 34.20 on Friday, April 19, 2024. On Friday INTC has reached 34.18 - the lowest level since October 27, 2023. Weekly volume was 6% above average. 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 9.86 and resistance is at 66.52. 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 Right-Angled, Ascending Wedge chart pattern. The trend support level is at 25.16 and resistance is at 56.85. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See INTC weekly technical indicators chart] Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is below its signal line since February 2, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help. Short-term trend: [See INTC short-term trend chart] A short-term downtrend had started on April 1, 2024 at 45.41 and reached 34.18 on April 19, 2024. INTC lost 11.23 points, or 24.73%, in 18 days. Price is near the trend low. Daily Technical Indicators: [See INTC daily technical indicators chart] Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help. The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down. The distance between the Bollinger Bands (38.48%) is close to one year high (28.69%). It is 141.53% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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