Intel Stock Forecast

Sell candidate since Dec 03, 2024 Loss -7.43%

The Intel stock price decreased by -5.28% on the last trading day (Thursday, 5th Dec 2024), dropping from $21.96 to $20.80. This marks the fourth consecutive day of decline. Throughout the last trading session, the stock experienced a fluctuation of 7.41%, with a low of $20.66 and a high of $22.19. Over the past 10 days, the price has decreased in 6 of those days, resulting in a total decline of -13.37%. Additionally, trading volume rose on the last day by 70 million shares, despite the falling prices. This could serve as an early warning, indicating a slight increase in risk over the next few days. In total, 166 million shares were traded, amounting to approximately $3.45 billion.

Given the current short-term trend, the stock is expected to rise 15.29% during the next 3 months and, with a 90% probability hold a price between $23.98 and $31.50 at the end of this 3-month period.

Investment opportunities can be found at any hour. So, react immediately to market-moving news and capture more market opportunities when convenient for you. You can trade over 10,000 US Stocks and ETFs, US Equity Index options, US Treasuries – and more - around the clock. Interactive Brokers’ dual market centers ensure reliable and dependable overnight trading on your timetable. (Member SIPC)

INTC Signals & Forecast

There are few to no technical positive signals at the moment. The Intel 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 $22.99 and $23.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 07, 2024, and so far it has fallen -20.70%. 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 stock

Intel finds support from accumulated volume at $20.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.53 between high and low, or 7.41%. For the last week, the stock has had daily average volatility of 5.62%.

Intel is oversold on RSI14 (23). Some stock may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (INTC) For The Upcoming Trading Day Of Friday 6th

For the upcoming trading day on Friday, 6th we expect Intel Corporation to open at $21.22, and during the day (based on 14 day Average True Range), to move between $19.75 and $21.85, which gives a possible trading interval of +/-$1.05 (+/-5.07%) up or down from last closing price. If Intel Corporation takes out the full calculated possible swing range there will be an estimated 10.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.77 (0.14%) than the resistance at $21.47 (3.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Intel Corporation stock A Buy?

The Intel stock holds several negative signals and despite the positive trend, we believe Intel will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.596 Sell Candidate Unchanged

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on December 6, 2024 - $21.22 ( 2.00%).