Downtrend Broken Resist.Archive
- 9/22/2023 -
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Intel Corp. (INTC) Technical Analysis
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|It was the negative week for the Intel Corp. (INTC). During the week, the INTC dropped -3.70 points, or -9.77%, and closed at 34.18 on Friday, September 22, 2023. INTC was trading at average weekly trading volume. |
INTC is a member of Information Technology Sector. Information Technology is the 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 15.44 and resistance is at 66.89. 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 downtrend had started on April 12, 2021 at 68.49 and reached 24.59 on October 13, 2022. INTC lost 43.90 points, or 64.10%, in 78 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (24.95) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
Weekly Technical Indicators: [See INTC weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.
The weekly MACD line is above its signal line since November 4, 2022. 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 May 25, 2023 at 26.86 and reached 40.07 on September 12, 2023. INTC gained -13.21 points, or -49.18%, in 110 days. The price is now at the 44.59% retracement level.
Daily Technical Indicators: [See INTC daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic 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 declined below the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.