IRTC Med Tech Device Manufacturer at Fair Value LONGIRTC on the weekly chart shows a symmetrical triangle with compression of price into the
apex confluent with the 5 year anchored mean VWAP. I am very familiar with the product line
including often lifesaving technology such as AEDs. The company has had weak earnings reports
but price has managed to so from undervalued to fair value. I will add to my position here with
20% more. Targets of 140 and 205 are tool drawn onto the chart from pivots of the past.
Medical technology is reportedly a hot sector for 2024.
INTC
MU breaks through ATHs Bullrun does not relent LONGMU on the monthly chart 4 weeks ago crossed above the previous ATHs of 2021-2022 and has
risen without retesting. Adding $9 to the all time highs for 10% inflation since then would adjust
them to $104 and price is now in that range and above. Price is in the uppermost anchored
VWAP bands and thus prone to reversal. However, MU is not as overextended as NVDA. Its
upside is likely there as it competes in the space. Growth will accelerate once the new chip
plant in upstate NY comes online after the construction is completed. NVDA is reportedly
looking at Vietnam. I already have a large sized position in MU. I will add to it now even
if it may be overbought. There is good cause for the overbuying. I want to support the domestic
economy and understand national security interests in chip manufacturing here in the USA
consistent with the recent federal law and stimulus associated with it.
Intel ($INTC) Gets $20 Billion in US GrantsIn a landmark move aimed at revitalizing the domestic semiconductor sector, the Biden administration has announced a staggering $20 billion investment package for Intel Corporation ( NASDAQ:INTC ). The funds, comprising $8.5 billion in grants and up to $11 billion in loans, represent the largest award under a program designed to bolster the American chip industry.
The substantial investment is set to fuel Intel's ambitious expansion plans, with the company pledging more than $100 billion in US investments. This includes initiatives to ramp up production of cutting-edge semiconductors at sprawling facilities in Arizona and Ohio, as well as supporting research and development endeavors and advanced packaging projects at smaller sites in Oregon and New Mexico.
President Joe Biden himself is slated to visit an Intel campus in Phoenix to announce the preliminary agreement, highlighting the significance of the deal. Intel's selection as the recipient of the first Chips Act funding deal for advanced chipmaking facilities underscores the company's pivotal role in the administration's efforts to reinvigorate the nation's chip manufacturing capabilities.
The announcement has already triggered a positive market response, with Intel shares surging by 3.5% in premarket trading. The news comes at a crucial juncture for Intel, which has been engaged in an ambitious turnaround bid under CEO Pat Gelsinger's leadership.
Gelsinger's strategic vision includes not only expanding Intel's foundry business but also reclaiming the company's technological prowess, which had lagged behind Asian competitors in recent years. Securing high-profile partnerships, such as with Microsoft Corp., further solidifies Intel's position as a key player in the global semiconductor landscape.
The significance of the government's investment in Intel extends beyond mere financial support. It represents a concerted effort to reverse decades of offshoring semiconductor production and to bolster America's competitiveness in an increasingly vital industry.
While the funding is a significant step forward, Gelsinger acknowledges that more may be needed to fully address the challenges facing the US chip industry. He suggests that additional initiatives, akin to a hypothetical "Chips II," may be necessary to sustainably restore America's chip manufacturing capabilities.
The agreement between Intel and the government underscores a shared commitment to revitalizing the semiconductor sector, with the potential to create tens of thousands of jobs across multiple states. Beyond commercial production, Intel is also set to receive funding for the manufacturing of military and intelligence chips, further highlighting the strategic importance of the initiative.
As Intel embarks on this transformative journey, eyes are on the company to deliver on its promises and drive innovation in the semiconductor space. With the backing of substantial government support, Intel is poised to play a pivotal role in reshaping the future of American chip manufacturing and securing its position as a global leader in the industry.
Can INTC breakout from a trinagle ? LONGINTC on a 180 minute chart is in a flat bottom triangle since before earnings. The earnings
report was a beat of 20% on earnings and 1.5 % on revenue but apparently disappointed greedy
traders expecting more. Price has been mostly sideways. I saw the dip on Tuesday to Thursday
as an opportunity to take a call option trade for Friday which had a great return. I see INTC
ready to gain price and break out of the triangle. It has a P/E ratio much lower than some of
the high flyers in its subsector making it attractive to value-seeking investors and traders
who like to buy at the lows. Price is now above the long-term POC line where buying pressure
should predominate. Having seen the rise on Friday, some short sellers may begin to buy to
cover and close their positionons especially those with put options from which the time to
realize profits is now.
Intel (INTC) Stock Analysis: Weekly Downtrend with Daily UptrendIntel (INTC) continues within a weekly downtrend channel; however, signs of a daily uptrend are present. If weekly closures remain below the daily uptrend channel, a pullback towards the middle band of the weekly downtrend channel could occur. Approval of President Joe Biden's stimulus package may sustain the upward trend. A weekly closing above the weekly downtrend channel could lead to a sharp ascent in Intel. The daily RSI support band is effective, and observing daily closures above the Kaufman moving average might initiate a renewed upward movement.
WARNING: THIS ANALYSIS IS NOT INVESTMENT ADVICE. CONSIDER YOUR RISK TOLERANCE AND FINANCIAL SITUATION BEFORE MAKING DECISIONS. FUTURE PERFORMANCE IS NOT GUARANTEED; THIS IS MERELY AN OPINION. INVEST PRUDENTLY AND CONDUCT THOROUGH RESEARCH.
Interesting data being formed in long term charts $CSCO $PYPL +Have been looking at a ton of some setups looking for UNDERVALUED & UNDER LOVED #equities.
Have been opening them up to Weekly & Monthly charts.
What has been found is quite INTERESTING.
Here's 4 (only NASDAQ:PYPL shown here - Please see profile for more data)
NASDAQ:CSCO forming a head & shoulder pattern.
NYSE:AAP severely beaten up but improving technical data.
NASDAQ:PYPL money flow is improving. (nibbling here for entry position)
NASDAQ:INTC improved, kind of like CSCO, dropped & rallied. (Spoke on Intel some time ago & has performed well).
Intel - Potential Trading SetupHello Traders, welcome to today's analysis of Intel.
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Explanation of my video analysis:
In 2017 we had a major triangle breakout on Intel which was followed by a +70% rally. Then in 2022 Intel broke major support towards the downside and reversed perfectly at a major previous structure. Since Intel is now back to a bullish market, I am just waiting for a retest of the level mentioned in the analysis and then I will be looking for long continuation setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
One of the most beautiful modelsThe price has spent almost 24 years in a correctional area. It does not make a new top or a new bottom. It just goes on a correction. It flattened out three waves. The end of the correction approached after making another simple and final correction for the shaded area to form the bottom and start from it to break the historical top and make a new peak.
Intel Faces Headwinds Amidst Soft Q1 Outlook
Intel Corporation ( NASDAQ:INTC ) , a stalwart in the semiconductor industry, is currently weathering a storm as its shares plunged over 11% in pre-market trading following a sobering first-quarter outlook. Despite delivering better-than-expected fourth-quarter results, the chipmaker's CEO, Pat Gelsinger, anticipates a challenging start to 2024, attributing the softened outlook to weaknesses in subsidiaries and the programmable chip unit. We delve into the key factors driving Intel's recent struggles and explore the implications for investors.
The Q1 Outlook:
Intel's 9 NASDAQ:INTC ) projection for the first quarter paints a challenging picture, with adjusted earnings expected to be 13 cents per share and revenues ranging between $12.2 billion and $13.2 billion. This forecast falls short of Wall Street's expectations, prompting concerns among investors. Gelsinger reassured analysts that the core businesses of PCs and servers remain healthy, citing no areas for market share loss and highlighting the strength of the company's products.
Challenges in Subsidiaries and Programmable Chip Unit:
A notable contributor to Intel's tempered outlook is the weakness in several subsidiaries and the programmable chip unit. Gelsinger acknowledged these challenges but emphasized the overall health of the core business. The company's CEO remains optimistic about overcoming these hurdles, with AI chip orders worth $2 billion and a projection for improved sales later in the year.
Gaming and Commercial Sectors as Bright Spots:
Despite the overarching concerns, Intel's ( NASDAQ:INTC ) fourth-quarter results showcased a 33% increase in sales from its Client Computing division, driven by robust performance in the gaming and commercial sectors. Gelsinger sees these areas as pockets of strength within the PC chip market, expecting a broader normalization throughout 2024 after a two-year slump.
Technical Analysis and Head and Shoulders Pattern:
Intel's ( NASDAQ:INTC ) stock, after breaking out from a nine-month ascending channel in mid-December, faces challenges in gaining further upside momentum. Investors are closely watching the stock's relationship with its 50-day moving average, as a close below this indicator would confirm a head and shoulders topping pattern. Such a confirmation could open the door for a decline towards the lower trendline of the channel. On the flip side, a successful hold of the indicator might empower bulls to make another attempt at a move higher.
Conclusion:
Intel's ( NASDAQ:INTC ) current predicament underscores the complex dynamics at play in the semiconductor industry. While the company faces short-term headwinds, CEO Pat Gelsinger's optimism about the core businesses and future prospects, including AI chip orders and expected sales improvement, adds a layer of resilience to the narrative. Investors will keenly monitor how Intel ( NASDAQ:INTC ) navigates these challenges and whether the technical patterns manifest as predicted, making the coming months a critical period for the semiconductor giant.
AMD vs Intel AMD vs INTEL on a weekly chart NASDAQ:AMD NASDAQ:INTC
you can see the divergence tied to news and developments over the years AMD made faster smaller chips Intel failed to do so then doubled down and claimed they didn't need to make smaller chips The 5-nm debate. Enter AI where AMD has the lead second to NASDAQ:NVDA
AMD still has room to run in this long term channel.
INTC Intel Corporation Options Ahead of EarningsIf you haven`t bought the Double Bottom Pattern of INTC:
Then analyzing the options chain and the chart patterns of INTC Intel Corporation prior to the earnings report this week,
I would consider purchasing the 48usd strike price at the money Calls with
an expiration date of 2024-1-26,
for a premium of approximately $1.86.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Intel - Clear StructureHello Traders, welcome to today's analysis of Intel.
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Explanation of my video analysis:
In 2022 Intel broke a massive previous support level at the $45 area towards the downside. This break was followed by a drop of roughly -50%. With a perfect retest of a very long term structure level, this recent pump on Intel was quite anticipated. If Intel pulls back to the previous support level mentioned in the analysis, I am looking for potential long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
INTC is going from $50 to $85 in the first quarter of 2024There was a clear Eliott Wave abc correction between 2020 and 2022 that found a very strong support around $28 level and MA200 Monthly which acted as a support since 1980s.
Price consolidated for a year around $30 level and just broke out and gained momentum pushing through resistance like through a butter.
The momentum and trend are clearly established and won't stop until new ATH around $80-$85 levels is reached.
What will happen once ATH is reached? No idea, but so far it's a strong buy.
INTC in depth TA - INTEL bullish?hey guys its amir whats up?
so NASDAQ:INTC let analyze:
first of all ill start by saying that intel is on uptred for over 6 months. now lets get into details:
- you can see that intel is trading in a uptrend channel for over 6 months, every time the price touched at the bottom trend line the bounced up and every time it touched the upper trend they dropped down, we recently touched the bottom trend line and the price did bounced from there.
- we have on the way up some more major supports and resistances right now the price is in the middle of a support and resistance so for perfect entry ill wait till the price will reach to one of the cyan x's which marks solid entries points.
- lets talk about the MA's, first the 50MA, clear uptrend. 200MA, turned uptrend 3 months ago.
Now lets look at our indicators:
- RMACD crossed bullish about two weeks ago, and now losing a lot of momentum so I think we should wait the RMACD to make a bearish cross and wait till its will cross bullish again, or to see if the momentum is getting stronger in the coming days.
- Volume tells me that its better wait a bit more to see what is going on there.
- good buying pressure moves between moderate and strong buying pressure.
so in conclusion i'd say that now the best thing to do is to wait a little more at least till the price will reach to one of these cyan x's and there we can manage the risk reward in our favor.
price prediction is about $40