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Semiconductors Industry Stocks Technical Analysis - INTC

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- 2/16/2024 -
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Intel Corp. (INTC) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 44.46
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the Intel Corp. (INTC). During the week, the INTC climbed 0.20 points, or 0.46%, and closed at 43.51 on Friday, February 16, 2024. Weekly volume was -6% below average.

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 11.53 and resistance is at 66.63. 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 Ascending Wedge chart pattern. The price is near the trend resistance line (44.46). 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 medium-term trend.

Weekly Technical Indicators: [See INTC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 2, 2024. 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 December 27, 2023 at 51.28 and reached 41.60 on February 2, 2024. INTC lost 9.68 points, or 18.88%, in 37 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 39.78 and resistance is at 49.47. 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 short-term trend.

Daily Technical Indicators: [See INTC daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.56
Williams' Percentage Range (W%R) 72.10
Lane's Stochastic (%D-Slow) 59.21
Greed/Fear Indicator (GFI) 44.90
Moving Average Converg./Diverg. (MACD) -0.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.30
Williams' Percentage Range (W%R) 37.90
Lane's Stochastic (%D-Slow) 38.93
Greed/Fear Indicator (GFI) 49.88
Moving Average Converg./Diverg. (MACD) 3.13
Trading Signals
Description Value Chart
Weekly Trendline Resistance 49.47
Upper Bollinger Band 48.95
50 Day Moving Average 45.79
Weekly Stochastic Crossing 44.66
Quarterly Trendline Resistance 44.46
20 Day Moving Average 44.41
Daily Stochastic Crossing 43.99
Price 43.51
Parabolic System 41.98
Weekly Trendline Support 39.78
Lower Bollinger Band 39.66
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Semiconductors 62
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.60
Low Date 02/02/2024
High 45.27
High Date 02/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 49.47
Support 39.78
High 51.28
High Date 12/27/2023
Low 41.60
Low Date 02/02/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.73
Low Date 02/28/2023
High 51.28
High Date 12/27/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 44.46
Support 28.76
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 66.63
Support 11.53
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.