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Downtrend Broken Resist.Archive
- 8/30/2024 -
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Intel Corp. (INTC) Technical Analysis
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| Summary:
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| | It was a first positive week for the Intel Corp. (INTC). During the week, the INTC gained 1.50 points, or 7.30%, and closed at 22.04 on Friday, August 30, 2024. Weekly volume was 65% above average.
 Long-term trend: [See INTC long-term trend chart]
A long-term downtrend had started on December 27, 2023 at 51.28 and reached 18.84 on August 8, 2024. INTC lost 32.44 points, or 63.26%, in 32 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 15.94 and resistance is at 33.95. 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 18.84 on August 8, 2024. INTC lost 18.32 points, or 49.30%, in 3 weeks. The price is now at the 17.47% retracement level.
 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 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 August 8, 2024 at 18.84 and reached 22.12 on August 30, 2024. INTC gained -3.28 points, or -17.41%, in 22 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 19.61 and resistance is at 24.25. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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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