Intel major swing Yesterday's CPI print was negative however it is very possible that the market is expecting lower CPI in the coming months and risk assets to be bid until then.
Intel is one of my top picks as it is at extremes on quarterly levels. I expect prices appreciate to 40$ range in the coming months.
INTC trade ideas
Massive drops incoming on Intel. INTCIndeed. Check out that epic gap and we are about to crash through the most recent low set in July. Fractally ~ zigzag nearing completion.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
INTC - Good Entry PointA Chart for intel
Red line shows a strong trend line that extends through two bull periods
From this red line we can develop a channel that shows a point of support for price at the middle line of this channel, at around $20
Bearish until middle line hit and trend reversal is apparent
SHORT Intel - Weak Performance - Target 30 near termBroke Below Moving averages - Intc followed the FIB lines down
RETRACED to support and got Rejected
STRONG BEARISH divergence on the Oscillators
ANALYSTS just LOVE Intel.....Whoo Hoo
Tech is going to retreat -- AMD and INTC will be First to go down
Intel Corp. has been missing from a rebound in technology stocks that’s lifted almost every other member of the Nasdaq 100 since the index bottomed in June.
Aug-02-22 Downgrade DZ Bank Hold → Sell $30
Jul-29-22 Downgrade Susquehanna Neutral → Negative $40 → $33
Jul-29-22 Downgrade Robert W. Baird Outperform → Neutral $60 → $40
Jul-13-22 Reiterated Susquehanna Neutral $50 → $42
INTC: Beholden to SPY absent news? Bearish but room to playLooking at dailies, I suspect INTC continues to track SPY performance absent other news. Oct 16 to Mar '17 lows around 28.75 to 29.07 or so is a pretty good support zone. If that fails, next stops around 29.14 ~ 28.50, 27, and 25.75~25.50. Major crash or black swan news could see <20, though I hope things don't get that ugly.
Former support turned resistance at ~30 being the other side of that range. SPY goes sideways, it will too. SPY recovery bounces, first strong resistance ~30.50, then again at 31.81-32.25.
I'm bearish on the overall market in the next 6 months or more, so I'm bearish here, but INTC has taken an outsized beating relative to its 2016-2017 prices compared to other tickers. Can't tell you enough about fundamentals differences (P/E, production, marketshare, etc.) over that time to know to tell you how much weight that carries. Afraid I haven't seriously looked back at INTC since like the 1st since I've been underwater on some SPY puts until today. Just chewing my cuticles off crossing my fingers mostly.
INTC | A Nice Buy | Long TermIntel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products. The company also provides high-performance compute solutions for targeted verticals and embedded applications for retail, industrial, and healthcare markets; and solutions for assisted and autonomous driving comprising compute platforms, computer vision and machine learning-based sensing, mapping and localization, driving policy, and active sensors. In addition, it offers workload-optimized platforms and related products for cloud service providers, enterprise and government, and communications service providers. The company serves original equipment manufacturers, original design manufacturers, and cloud service providers. Intel Corporation has a strategic partnership with MILA to develop and apply advances in artificial intelligence methods for enhancing the search in the space of drugs. The company was incorporated in 1968 and is headquartered in Santa Clara, California.
Catalysts:
13 year support line touch
Insider buying
Intel, a falling knife and undervaluedI’m developing an app using Tradingview data for my stock picking and fundamental analysis.
I get financial data from Tradingview into excel file, producing aggregated statistics and fair value calculation basing on estimate of future earnings and discounted free cash flow.
Actual price is near $30 but my estimate of fair value is over $50.
All statistics are ok to me but stock is currently a falling knife and I will wait an accumulation before buying my first position. Next target volume clusters and possible accumulation at $27, $24 and $22.
Short term PT: 26-28, lower depending on greater marketBroke through the ~32.50 level, headed back to a 25-28 range while the greater market chooses a direction. If we're truly into a proper recession, we could see as bad as 18-20 range, but doubt we do before middle of 2023. In the near term, it is oversold, if SPY bounces or chips do amazingly well for some reason, it may pop faster than SPY.
Not FA, don't have a position. Good luck out there.