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Downtrend Broken Resist.Archive
- 9/20/2024 -
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Intel Corp. (INTC) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Intel Corp. (INTC). During the week, the INTC gained 2.18 points, or 11.09%, and closed at 21.84 on Friday, September 20, 2024. It was the best weekly gain since July 12, 2024. Weekly volume was 229% above average.
INTC is a member of Information Technology Sector. Information Technology is the second most oversold 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 December 27, 2023 at 51.28 and reached 18.51 on September 10, 2024. INTC lost 32.77 points, or 63.90%, in 36 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 17.51 and resistance is at 32.51. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See INTC medium-term trend chart]
A medium-term downtrend had started on July 17, 2024 at 37.16 and reached 18.51 on September 10, 2024. INTC lost 18.65 points, or 50.19%, in 7 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (18.39) 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 Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish 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. 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 July 26, 2024. This is an indication that the medium-term trend is down. 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 September 10, 2024 at 18.51 and reached 23.12 on September 20, 2024. INTC gained -4.61 points, or -24.91%, in 10 days. The price is now at the 27.77% retracement level.
 Daily Technical Indicators: [See INTC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since August 19, 2024. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
During the last week, the price has moved above 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.
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