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INTC Technical Analysis - INTC Trading: 2022-09-30

Intel Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 26.16

Sell Stop

Above 29.56

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2200
IndicatorSignal
RSI Buy
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

Intel Chart Analysis

Intel Chart Analysis

Intel Technical Analysis

The technical analysis of the Intel stock price chart on daily timeframe shows #S-INTC,Daily is retreating under the 200-day moving average MA(200) after a brief breach above the MA(200) six months ago. The RSI is in the oversold zone. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 26.16. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 29.56. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (29.56) without reaching the order (26.16), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Intel

Intel stock edged up after the chip maker introduced its next generation processors and GPUs at its Innovation event. Will the Intel stock price persist retreating?

Intel Corporation launched its next-generation Intel 7 Desktop CPU Raptor Lake at its Innovation event on Wednesday. The company has also launched its "long-awaited" Ponte Vecchio data center GPU as well as the Arc A Series desktop GPUs. However, the Bank of America (BofA) says Intel has left the processor’s price unchanged at last generation's flagship price of $589, and though less expensive than AMD's $699 this may pressure margins due to cost increases over the past year. And that the Arc series cards have a process node disadvantage vs. competition as Intel uses 6nm technology, while AMD uses 5nm tech and NVDA - 4nm. BofA released a note remarking that key headwinds still persist for the chip maker and maintained its Underperform rating for INTC stock and a $30 per share price target. Intel stock closed up 0.86% on the day after the event.

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