Technical Analysis Of INTC

In this page, we will try to determine what is the likely direction of INTC using the discipline of technical analysis.

As most of you know, fundamental analysis is great for stock selection but technical analysis is awesome to time entry and exits in a stock.

Intel Corporation is one of the most important semiconductor stocks in the world.

It is also one of the most well known companies as anyone who has a Windows OS laptop will most likely have Intel's processor.

Recently, INTC rose up more than 10% after a better than expected earnings.

technical analysis of INTC

The chart above is the daily chart of INTC.

The stock has broken out of a consolidation area recently but it has corrected a bit due to the weakness of the general markets. It is dropping to the area of the rising 50 MA and therefore, it might find support there and bounce up. You will need to zoom into the smaller time frames such as the 60 min or 15 min to find reversal patterns to trade.

One good thing about INTC is it has established an area for us to refer. If the stock manages to stay above the 42 area, then it is very likely to continue to move up. There is a gap support there and also price support.

The rising 200 MA is still conducive to long term bullish moves.

The weekly chart above shows the consolidation box clearer.

As the stock touches the weekly rising 20 MA, it shot up. Consolidation boxes can be used to gauge the strength or weakness of a stock. As long as INTC stays above the weekly box, then the uptrend is still intact and INTC will continue to move higher in the future.

You can usually take a measured move target by taking the height of the previous move up before the consolidation and projecting it upwards from the base of the box. That will bring a mid term target of about 58 for INTC.

The chart above is the quarterly chart of INTC.

When we look at these long term charts, we are able to see the long term prospects of Intel. There are lots of support below and therefore the path of least resistance is upwards for this stock.

INTC also recently broke out of a quarterly ascending triangle. This is usually a bullish continuation pattern and therefore, INTC's bias in the long term is still bullish.

Charts with the label are courtesy of

Charts with the logo are courtesy of powered by Trading View

  • If you like this article, consider starting the Stock Market Course. It is free and jam packed with great information for newbies.
  • Want to have updates on the financial markets? Join my Telegram Channel. Channel.
  • Help support this page and press the Facebook Like button below. Thanks!

Recent Articles

  1. Dow Jumps Higher After Trade War Pause, Will Markets Go Even Higher?

    Dec 03, 18 08:16 AM

    With an agreement to pause the trade war, Dow is about to jump 450 points higher, but will this rally sustain and go even higher? Lets take a look at the charts.

    Read More

  2. Bull Run To Year End In US Market? It All Depends On This...

    Nov 29, 18 07:51 AM

    Yesterday we saw a huge big rally 600 ++ points. The question now is this rally sustainable and will we have a beautiful Christmas in the stock market this year. Here are a few things to look out for…

    Read More

  3. Technical Analysis Of KLCI 29 November 2018

    Nov 29, 18 07:35 AM

    This sideways movement in the KLCI is really giving investors and traders a headache. What we are experiencing now is a volatility contraction which is often followed by volatility expansion.

    Read More

  4. Nasdaq Tries To Bottom But Still Faces Selling Pressure Nov 26 2018

    Nov 26, 18 08:52 AM

    As the techs reach an area of long term support, its going to be a choppy ride as the market decides whether support will hold or the downtrend continues...

    Read More

  5. Stock Market Analysis October 30 2018

    Oct 30, 18 06:35 AM

    As we close out the month of October 2018, what is in store for us? Let us take a look at the charts and see what they might be telling us.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.