Intel Stock Forecast
Intel stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.98% during the next 3 months and, with a 90% probability hold a price between $21.12 and $27.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
INTC Signals & Forecast
Mostly positive signals in the chart today. The Intel stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $30.76 and $30.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 4.09%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Intel stock
Intel finds support from accumulated volume at $30.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.725 between high and low, or 2.37%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: $29.84 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 64 days ago.)
Trading Expectations (INTC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Intel Corporation to open at $30.99, and during the day (based on 14 day Average True Range), to move between $30.37 and $31.77, which gives a possible trading interval of +/-$0.703 (+/-2.26%) up or down from last closing price. If Intel Corporation takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.09 (0.06%) than the support at $30.97 (0.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Intel Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.075 Buy Candidate Upgraded
Predicted Opening Price for Intel Corporation of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$30.99 ( 0.263%) | $31.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INTC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.71 | 2.07% |
R2 | 31.44 | 1.18% |
R1 | 31.27 | 0.629% |
Price | 31.07 | |
S1 | 30.71 | -1.15% |
S2 | 30.54 | -1.70% |
S3 | 30.26 | -2.60% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.69 | 14.87% |
R2 | 31.88 | 2.61% |
R1 | 31.09 | 0.0644% |
Price | 31.07 | |
S1 | 30.97 | -0.322% |
S2 | 30.85 | -0.708% |
S3 | 30.51 | -1.80% |
INTC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 06, 2024 | May 06, 2024 | Jun 01, 2024 | $0.125 | 0.405% |
2 | Jan 25, 2024 | Feb 06, 2024 | Mar 01, 2024 | $0.125 | 0.285% |
3 | Oct 26, 2023 | Nov 06, 2023 | Dec 01, 2023 | $0.130 | 0.297% |
4 | Jul 18, 2023 | Aug 04, 2023 | Sep 01, 2023 | $0.125 | 0.341% |
5 | Feb 17, 2023 | May 04, 2023 | Sep 01, 2023 | $0.125 | 0.341% |
FAQ
Click here for our free guide on how to buy Intel Stock.