Intel Stock Forecast
Intel stock price down 1.36% on Friday
(Updated on Sep 22, 2023)
The Intel stock price fell by -1.36% on the last day (Friday, 22nd Sep 2023) from $34.65 to $34.18. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.17% from a day low at $34.14 to a day high of $34.88. The price has fallen in 7 of the last 10 days and is down by -10.08% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 million shares and in total, 26 million shares were bought and sold for approximately $904.86 million.
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The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $34.08 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.67% during the next 3 months and, with a 90% probability hold a price between $37.72 and $43.54 at the end of this 3-month period.
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. On corrections up, there will be some resistance from the lines at $36.34 and $35.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, September 12, 2023, and so far it has fallen -12.04%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Intel stock
Intel finds support from accumulated volume at $34.10 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 $0.740 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 3.45%.
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 Monday 25th
For the upcoming trading day on Monday, 25th we expect Intel Corporation to open at $34.40, and during the day (based on 14 day Average True Range), to move between $33.07 and $35.29, which gives a possible trading interval of +/-$1.11 (+/-3.26%) up or down from last closing price. If Intel Corporation takes out the full calculated possible swing range there will be an estimated 6.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.10 (0.23%) than the resistance at $35.14 (2.81%), 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: -2.546 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Intel Corporation of Monday, September 25, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 25, 2023 | Current price |
|---|---|
| $34.40 | $34.18 (Undervalued) |
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Trading levels for INTC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.14 | 2.81 % | |
| R2 | 34.86 | 1.98 % | ||
| R1 | 34.68 | 1.47 % | ||
| Current price: | 34.18 | |||
| Support | S1 | 34.12 | -0.183 % | |
| S2 | 33.94 | -0.694 % | ||
| S3 | 33.66 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.88 | 10.83 % | |
| R2 | 36.83 | 7.75 % | ||
| R1 | 35.14 | 2.81 % | ||
| Current price | 34.18 | |||
| Support | S1 | 34.10 | -0.234% | |
| S2 | 34.02 | -0.468% | ||
| S3 | 33.98 | -0.585% |
FAQ
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About Intel Corporation
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and... INTC Profile
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