INTC STOCK PRICE SOARS APPROXIMATELY 7% AFTER REPORTIt happened at yesterday's postmarket. At the same time, at the peak, the price of INTC stock reached a maximum of 2023. Here are the key points voiced by Intel CEO Pat Gelsinger:
→ Sales of server chips will only recover in Q4.
→ The company is prepared to take advantage of all the opportunities that open up with the development of AI.
→ The company is focused on implementing the Smart Capital strategy to support sustainable growth and financial discipline.
Investors were enthusiastic about the fact that the company became profitable, earning USD 1.5 billion (in the second quarter of 2022, a loss of USD 0.5 billion was recorded).
According to MarketWatch, analysts believe that Intel can benefit from the AI revolution, but it is not yet clear if Gelsinger can avoid the mistakes of his predecessors.
The INTC stock chart shows that the price is moving within an ascending channel in 2023. Today, trading is likely to open near its upper border. And now the bulls will have to try to keep the progress made, gaining a foothold above the USD 35.00-36.50 zone, which originates in 2022 and acted as resistance during 2023.
According to the WSJ, the average target price for INTC shares is around USD 33.63, but after yesterday's report, it is likely to be revised upwards.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
INTC trade ideas
$INTC to rally 180%?Intel is still a major player in semiconductor space and could benefit greatly from Ai boom.
I believe major rally for NASDAQ:INTC will take place over the next few years and I target 180% recovery from recent lows. It could be shaky in the short term given uncertainty in the markets but I believe it's good long term investment.
Intel: Go for it! 💪 Since the low of wave x in orange, Intel has already shown strong upwards movement and should soon conquer the resistance at $37.11, heading for the compound consisting of the turquoise zone between $41.59 and $43.13 and the orange zone between $42.32 and $43.63. There, the share should complete wave 4 in turquoise and return below $37.11 afterward. However, there is a 34% chance that Intel could shift southwards earlier already and drop below the support at $26.86, triggering further descent below $24.55. In that case, we would consider wave alt.4 to be finished by now.
INTC 2H 2023 INTC following the channel, if market continues moving the way it's moving, it has a decent path to revisit 40. Considering recent performance from the semi's guessing this should join the group soon. Let's see if it starts moving while the rally is still going.
Crazy to see moves from the likes of TSM, NVDA and AMD relative to INTC.
$INTC , Monday , July 17 Gameplan! NASDAQ:INTC ,
On the most recent trading day, Friday, July 14, 2023, the stock price of Intel experienced a decline of -2.13%, dropping from $33.87 to $33.15. Throughout the day, the stock exhibited a fluctuation of 2.64%, reaching a low of $33.00 and a high of $33.87. Over the specified period, the stock price has displayed fluctuations, resulting in a 0.73% gain over the past two weeks. Notably, the volume decreased in tandem with the stock, which is generally considered a positive sign as volume should align with the stock's movement. Specifically, on the last day, the trading volume witnessed a decrease of -242 thousand shares. In total, approximately 30 million shares were bought and sold, with a total value of approximately $987.65 million.
The stock is currently positioned within the center of a substantial and robust upward trend in the short term, indicating a potential for further growth within this trend. Considering the prevailing short-term trajectory, it is anticipated that the stock will experience a 13.10% increase over the next three months. Moreover, there is a 90% probability that the stock will maintain a price range between $33.66 and $42.59 at the conclusion of this three-month period.
Intel’s Rally Might Be FadingIntel has struggled to keep pace with chip makers like Nvidia and Advanced Micro Devices for years. Now after an attempted turnaround, the bears may be returning.
The first pattern on today’s chart is the three-week rally in late May and early June. INTC halted at $36.96, its highest closing price since the stock gapped lower on July 29, 2022. A test and rejection of that zone could make traders think the long-term downtrend remains in effect.
Second is the triangle immediately after the drop. The consolidation pattern resolved to the downside.
Next, the eight-day exponential moving average (EMA) crossed under the 21-day EMA for the first time since May 31. MACD has also fallen for almost two weeks. Is the shorter-term direction getting more bearish?
Finally, INTC is more than $2 above its 200-day simple moving average (SMA) and $7 above its 52-week low. That could make traders see more room to the downside.
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INTC LONGShort term entry: $32
Short term sell: $36
Long term entry: $32
Long term sell: $70
I say we see $70 in 6-8 months
NASDAQ:AMD and NASDAQ:NVDA have nearly tripled in price since October. AMD is less leveraged than INTC but INTC still doesn't hold that much debt, especially relative to its industry competitors. Well set up for growth in the future.
INTC BULLS GET READYINTC had some bullish catalysts and is overall a great company. I like the stock, i buy.
The overall market might be overbought right now and jumping in at the current price might prove to be unprofitable. This is why we break this trade down to four different steps.
Phase 1: Wait until short term price goes from uptrend to downtrend.
Phase 2: (Optional) Short INTC so you can buy more and faster!
Phase 3: ???
Phase 4: Profit
What do you think will happen?
INTC Shares Up 16% in Just One WeekINTC shares have underperformed in the tech sector for years (due to equipment obsolescence and a lack of innovation as well), but last week was the best week since July 2009. The reason for the rise is related to the hype around AI.
According to rumors, the company has released a new processor that shows good results when training neural networks. And one analyst opined that Intel could gain a competitive advantage from its acquisition of chip maker Habana Labs/Gaudi.
INTC's stock chart shows that INTC's stock price bounced off the lower end of a long-term up channel after hovering between USD 25 and USD 30 per share for a long time. It was probably an accumulation range when large market participants formed an investment position. Now we can expect the USD 30 level to serve as support. On the other hand, the strong level of USD 42.50 per share of INTC starting in 2018 could provide resistance.
On Friday, Morgan Stanley analyst Joseph Moore raised its price target for Intel shares to USD 38 from USD 31. But if the bulls continue to act as actively, the target levels for the INTC stock may be raised again.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Trading INTC on the bullish side into its earning
Arm is talking to at least ten companies, including Intel Corp, Alphabet Inc, Apple Inc., Microsoft Corp., TSMC, and Samsung Electronics Co Ltd., about their potential participation in the IPO.
Slated for release in 2025, the all-new Falcon Shores design will be Intel's flagship foray into the AI chip sector. The company's recent announcement offered a small, but noteworthy glimpse of what the new chips will offer.
Intel Capital Portfolio invests in companies shaping the future of Cloud, Devices, Frontier and Silicon, the four domains that feed into the future of compute.
Intel has my support the next few years No big deal really. I am just supporting the market after taking profit with NVDA stock.
Supported Intel for many years and will continue to do so.
Market is bullish and next few years should show some positive return.
My strategy is money flow and investors are always diversifying to keep
the growth curve in their portfolios.
Happy supporter.
good luck intel market
INTC BULLS GET READYINTC has been performing lately in accordance to other semiconductor companies in the sector.
The stock has been underperforming the market because of various market and management issues. I believe INTC will gain a larger market share in various industries by 2025 and by then the price performance gap will be closed between other semiconductor companies.
Meanwhile I will long INTC as i see fit.
INTC 5/13/2023INTC
No more microchips!
Daily chart analysis
INTC entered a downtrend May 2022 and price continue to tumble up until Oct. 2022.
Price entered a Distribution stage and started to move sideways.
In April 2023, price broke above the sideways range but quickly fell back into range. The breakout is now deemed a “false breakout”.
Currently, price has bounce down off the resistance level after the false breakout. The bears are showing they are in control.
We are in a downtrend and at resistance level of sideways range. This will give us entry to trade short.
The initial target will be a swing to the lows of the sideways range. The second target will be the continuation of downtrend.
Entering trade short.
Entry: 28.95
Stoploss: 32.19 (-11.19%)
Target 1: 25.43 (+12.16%), 1.09 RR Ratio
Target 2: 16.80 (+41.97%), 3.75 RR Ratio