Intel
Worth a small bet on Intel in a forming sideways move. I belive it is worth a short bet on Intel corp. It seems like we are in close to top in sideways channel. If you take into account the insecure times, it makes it easier to take a short, despite the enormous bull ride we have experienced in 2017. I belive the market will be different in 2018. It will most likely be a more sideway year.
A+ BEARISH candlestick signalSTOP LOSS : 46.77
TAKE PROFIT : 42.56
Risk-reward : 2.17
Longer term trend: Sideways
Current trend: Bearish
General comments:
Bearish movements seen at the end of Jan-18 with recent low being around $42.5. Price then moved higher till current price whereby it faced strong resistance - a strong daily resistance which coincides with the 50% retracement of the bearish move.
An optimal entry is a few cents lower than the low of the bearish pin bar, which is highly probable to happen.
What I like:
1) Reversal pattern happens in close proximity of strong resistance, meaning stop-loss can be tactically close-by.
2) Grade A+ reversal from a candlestick technical standpoint - excellent 3 bar reversal and pin bar closes very close to the low and below the resistance.
3) Trade is with the current trend.
4) Should the target price be triggered, a head and shoulder pattern will be confirmed. This means another shorting opportunity and to carry our trade even further lower.
Other things to note:
If trade is triggered, it will likely last for a few weeks to about a month.
*A probable head and shoulder chart pattern seems to be in the making. I will be keeping an eye in the foreseeable future.
* Do support by liking and following! All suggestions/feedback welcome!
x,
iskfx
Intel Set To Lead Intermediate Bears DownAlthough, harder to identify at first, Intel Corporation is in the process of Grand Supercycle Wave 3. The stock has most likely met a near-term top or will do so no later than tomorrow, January 23. Our short-term target is 40.50 by the end of February. Our Intermediate target is 30.00 by June of 2019. Once the stock reverses up from this 30 mark, the stock should fly high for a while. Finally, the long-term target is 78.00 well out in to the future (2022-2024). As always, the rest of the stats will be up shortly on our site.
Intel is breaking outShares of Intel Corp. (INTC) are breaking out of a triple top on the weekly chart going back to the end of 2014. Potential upside targets are around $41.5 in the near-term and $46 in longer-term when using the 127.2% and 161.8% extensions, respectively. Support around $38 needs to hold to confirm the breakout.
Bearish MA Cross For IntelOn April 7, 2017, the Intel Corporation ( INTC ) crossed below its 100 day moving average (MA). Historically this has occurred 241 times and the stock does not always drop. The stock has a median loss of 4.249% and a maximum loss of 34.757% over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 54.9964. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral, with no clear volatile price swing on the horizon.
The true strength index (TSI) is currently -4.9091. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current direction declares the stock is moving up.
The positive vortex indicator (VI) is at 1.1026. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is steadily moving down while the negative indicator is moving up and cementing this sentiment.
The stochastic oscillator K value is 66.3386 and D value is 71.8470. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock just came out of an overbought level and should continue to move down.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 1.76% over the next 10 trading days. Of the previous four times the stock has crossed below the 100 day MA, it has had a minimal drop of 1.191%.
Intermediate Gain For INTC, Set To Drop FirstOn March 31, 2017 Intel Corporation ( INTC ) crossed above its 100 day moving average (MA), while the 50 day MA crossed below its 150 day MA. This multiple cross event has never occurred before. Historically the stock has crossed above the 100 day MA 241 times. When this happens, the stock does not always continue to gain. It has a median gain of 5.777% and maximum gain of 34.615% over the next 15 trading days. Historically the 50 MA has crossed below the 150 MA 33 times. When this happens, the stock has dropped at least 0.05%. It has a median loss of 4.464% and maximum loss of 23.498% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 57.6486. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral but heading upward.
The true strength index (TSI) is currently -13.7715. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending down, however, the indicator recently hit a low point and has begun to climb.
The positive vortex indicator (VI) is currently 1.1253 and recently crossed above the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward.
The stochastic oscillator K value is 84.77 and D value is 72.55. This is a cyclical oscillator that is highly accurate can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been trending up but is approaching the overbought level--due to signal a crossover within a week and lead to a decline in the stock.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be trending upward. Based on historical movement compared to current levels and the current position, the stock could gain 4.3% over the next four weeks. I am tracking two scenarios with the latter being most likely. The first one is the stock goes up to my target line without a significant drop. The likely course, the stock could drop by mid-April to the support line of its current trend which would satisfy the stochastic reading. After this drop, the stock would be able to hit my target level of 37.65.
INTC/AMD and/or INTC/NVDAI think a rotation is in order here. INTC hasn't underperformed this two, and specially AMD like this in a long time. All timeframes look like this might be a bottom in the ratio, so, I'd reccomend swapping your $AMD for $INTC if you have any, and/or take the pair trade. As you know, I'm 10% long $INTC, and also shorting $NVDA, but I have no $AMD position. The $NVDA one will suffice, but I wanted to point this out to investors who might be holding $AMD, sell it while it's hot.
Good luck,
Ivan Labrie.