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Archive - 6/7/2024 - Sign In to see current Signals. |
Intel Corp. (INTC) Technical Analysis
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| Summary:
| | Weekly :![Relative Strength Index oversold](images\bullish.gif) ![Williams' Percentage Range and Lane's Stochastic are strongly oversold](images\bullish.gif) | | Daily :![Williams' Percentage Range is oversold](images\bullish.gif) ![Trend resistance at 30.69](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was the negative week for the Intel Corp. (INTC). During the week, the INTC gave back -0.11 points, or -0.36%, and closed at 30.74 on Friday, June 7, 2024. Weekly volume was -7% below 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 8.54 and resistance is at 66.43. 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 25.21 and resistance is at 59.28. 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 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 weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. 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 relatively high, but getting smaller. 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 May 20, 2024 at 32.42 and reached 29.87 on May 23, 2024. INTC lost 2.55 points, or 7.87%, in 3 days. The chart has formed a Descending Triangle chart pattern. The price is near the trend resistance line (30.69). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
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. The daily MACD line is above its signal line since May 8, 2024. The distance between MACD and the signal line is low and getting smaller.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Information Technology |
6 |
Industry |
Semiconductors |
84 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
30.16 |
Low Date |
06/06/2024 |
High |
30.78 |
High Date |
06/07/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Descending Triangle |
Status |
Test Resistance |
Resistance |
30.69 |
Support |
29.98 |
High |
32.42 |
High Date |
05/20/2024 |
Low |
29.87 |
Low Date |
05/23/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
51.28 |
High Date |
12/27/2023 |
Low |
29.73 |
Low Date |
05/08/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Broadening Right-Angled, Ascending Wedge |
Status |
Valid |
Resistance |
59.28 |
Support |
25.21 |
Low |
24.59 |
Low Date |
10/13/2022 |
High |
51.28 |
High Date |
12/27/2023 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Broadening Right-Angled, Descending Wedge |
Status |
Valid |
Resistance |
66.43 |
Support |
8.54 |
High |
69.28 |
High Date |
01/24/2020 |
Low |
24.59 |
Low Date |
10/13/2022 |
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