Intel Corporation Stock Forecast
Stronger technical forecast for Intel Corporation stock price after Thursday trading.
(Updated on May 02, 2024)
The Intel Corporation stock price fell by -1.56% on the last day (Thursday, 2nd May 2024) from 28.91€ to 28.46€. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.03% from a day low at 28.35€ to a day high of 28.92€. The price has fallen in 8 of the last 10 days and is down by -15.27% for this period. Volume has increased on the last day by 969 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 62 thousand shares were bought and sold for approximately 1.76€ million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (31.50€) are considered to be a "second chance" to get out. According to the fan-theory 25.74€ will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
INL.F Signals & Forecast
There are few to no technical positive signals at the moment. The Intel Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 30.49€ and 35.79€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -30.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Intel Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.575€ between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 2.98%.
Intel Corporation is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INL.F) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Intel Corporation to open at 28.58€, and during the day (based on 14 day Average True Range), to move between 27.44€ and 29.48€, which gives a possible trading interval of +/-1.02€ (+/-3.57%) up or down from last closing price. If Intel Corporation takes out the full calculated possible swing range there will be an estimated 7.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 28.91€, some 0.450€ (1.58%) from the current price of 28.46€, our system finds the risk reward not very attractive.
Is Intel Corporation stock A Buy?
Intel Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.842 Sell Candidate Upgraded
Predicted Opening Price for Intel Corporation of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 28.58€ ( 0.404%) | 28.46€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INL.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.15 | 2.42 % | |
| R2 | 28.93 | 1.65 % | ||
| R1 | 28.79 | 1.18 % | ||
| Current price: | 28.46 | |||
| Support | S1 | 28.36 | -0.368 % | |
| S2 | 28.22 | -0.84 % | ||
| S3 | 28.00 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.61 | 4.02 % | |
| R2 | 29.40 | 3.30 % | ||
| R1 | 28.91 | 1.58 % | ||
| Current price | 28.46 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
INL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | Jun 01, 2024 | 0.117€ | 0.411% |
| 2 | Feb 06, 2024 | Feb 06, 2024 | Mar 01, 2024 | 0.115€ | 0.285% |
| 3 | Nov 06, 2023 | Nov 06, 2023 | Nov 06, 2023 | 0€ | 0% |
| 4 | Aug 04, 2023 | Aug 04, 2023 | Aug 04, 2023 | 0.125€ | 0.391% |
| 5 | May 04, 2023 | May 04, 2023 | May 04, 2023 | 0.125€ | 0.441% |
FAQ
Click here for our free guide on how to buy Intel Corporation Stock.
