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Archive
- 5/17/2024 -
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Intel Corp. (INTC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 6 consecutive negative weeks for the Intel Corp. (INTC). During the week, the INTC gained 1.98 points, or 6.63%, and closed at 31.83 on Friday, May 17, 2024. It was the best weekly gain since December 29, 2023. INTC was trading at average weekly trading volume.
 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 9.09 and resistance is at 66.47. 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 25.19 and resistance is at 58.28. 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 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. 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 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, 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 March 8, 2024 at 46.63 and reached 29.73 on May 8, 2024. INTC lost 16.90 points, or 36.24%, in 61 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 27.28 and resistance is at 42.64. 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 Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is above its signal line since May 8, 2024.
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.
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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 |
4 |
| Industry |
Semiconductors |
74 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
29.73 |
| Low Date |
05/08/2024 |
| High |
32.26 |
| High Date |
05/16/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
42.64 |
| Support |
27.28 |
| High |
46.63 |
| High Date |
03/08/2024 |
| Low |
29.73 |
| Low Date |
05/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Support |
| Resistance |
42.49 |
| Support |
36.42 |
| 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 |
58.28 |
| Support |
25.19 |
| 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 |
66.47 |
| Support |
9.09 |
| High |
69.28 |
| High Date |
01/24/2020 |
| Low |
24.59 |
| Low Date |
10/13/2022 |
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