The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Wedge
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.

A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.

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- 4/26/2024 -
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Intel Corp. (INTC) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal lineRelative Strength Index, Lane's Stochastic and MACD bullish divergenceThe period of high volatility of the stock price
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It was the negative week for the Intel Corp. (INTC). During the week, the INTC dropped -2.32 points, or -6.78%, and closed at 31.88 on Friday, April 26, 2024. Weekly volume was 54% 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 9.67 and resistance is at 66.51. 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 25.17 and resistance is at 57.21. 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 Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and 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, Relative Strength Index 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 30.64 on April 26, 2024. INTC lost 14.77 points, or 32.53%, in 25 days. The price is now at the 8.40% retracement level.

Daily Technical Indicators: [See INTC daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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 is 139.97% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.22
Bullish
Williams' Percentage Range (W%R) 92.30
Strong Oversold
Lane's Stochastic (%D-Slow) 18.00
Oversold Bullish
Greed/Fear Indicator (GFI) 15.98
Oversold
Moving Average Converg./Diverg. (MACD) -2.05 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.10
Oversold
Williams' Percentage Range (W%R) 94.50
Strong Oversold
Lane's Stochastic (%D-Slow) 11.89
Oversold
Greed/Fear Indicator (GFI) 18.46
Oversold
Moving Average Converg./Diverg. (MACD) 1.23
Trading Signals
Description Value Chart
Upper Bollinger Band 43.06
50 Day Moving Average 40.87
20 Day Moving Average 37.09
Parabolic System 34.40
Weekly Stochastic Crossing 32.13
Price 31.88
Daily Stochastic Crossing 31.77
Lower Bollinger Band 30.55
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Semiconductors 68
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 45.41
High Date 04/01/2024
Low 30.64
Low Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.63
High Date 03/08/2024
Low 30.64
Low Date 04/26/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 43.56
Support 40.15
High 51.28
High Date 12/27/2023
Low 30.64
Low Date 04/26/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 57.21
Support 25.17
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 66.51
Support 9.67
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.