INTC , to Immediately Buy-while-still-Cheap? Is NASDAQ:INTC a great buy opportunity while still cheap ? Well let's find out .
After the drop from around the 70 to less than 48 , this stock is much cheaper than it used to be and at the same time I think that there is still a bullish sentiment in the sens that the price is still above the green line . This , being an insufficient condition to buy, one has still to wait for a clear confirmation , which is price breaking above the 51,5-53.5 area with bullish strength (When the signal is valid I would update the post) .
At that point there will be a much greater probability for the stock to break above the white line and recover from the drop .
INTC
Intel Corp OversoldThere are a couple of signals that is pointing towards a potential rebound from Intel
severely oversold
hammer seen last Friday
hammer also corresponds to an immediate support line seen at approximately $48.
We have got to watch the support line of $48 very closely. But if all goes well, we should be seeing a short term rebound potentially to $56 which is prior support turned resistance.
INTC - Nice green weekly candle coming?Hello Everyone! INTC has been pushed lower last week touching its 200 weekly moving average and out its lower Bollinger bands.
Despite the strong momentum for the semiconductor sector, price reached below 50 usd once again like happened last March.
In a five years chart you can spot 3 cases where price went all the way towards its lower Bollinger bands, touching its 200 moving average and reversed from there to a new uptrend : 2015, 2016, March 2020 and likely this time.
A nice green candle weekly will be the confirmation of a trend reversal, if history will repeat itself, we might spot it this week or the coming week.
Thanks for reading and....may the market be with us!
INTEL Trend ChannelZooming out on the weekly timeframe to look at the channel that INTC has been moving in over the past several years. The 250-day EMA coordinates well with the support that INTC has found within this channel. At the moment, INTC is oversold on smaller timeframes...I am interested to see if support can be held at this channel.
INTC (INTEL CORP) LONG SET UPintel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company's segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. It offers platforms to integrate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. The CCG operating segment includes platforms that integrates in notebook, two in one systems, desktop computers for consumers and businesses, tablets, and phones.
TITLE/(DATE)- BUY INTEL 7/27)
ASSET- INTC
PLATFORM- MT4
ORDER TYPE- BUY
Time Frame- 1D
ENTRY PRICE 1- $49.80 market
ENTRY 2- $44.80 (pending)
STOP LOSS- $39.80 (100 PIPS)
TAKE PROFIT 1- $54.80 (50 PIPS)
TAKE PROFIT 2- $59.80 (100 PIPS)
TAKE PROFIT 3- $64.80 (150 PIPS)
TAKE PROFIT 4- $69.80 (200’PIPS)
STATUS: ACTIVE
LINK TO CHART-
Long $INTC ($AMD, $NVDA, TSM)see full chart at www.tradingview.com
Intc
Entry $43.75 area
Target $56.75
stoploss $40.75
Why this play?
ER highlight
Intel Q2 Adj. EPS $1.23 Beats $1.10 Estimate, Sales $19.70B Beat $18.55B Estimate
BZ Wire
Intel (NASDAQ:INTC) reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $1.10 by 11.82 percent. This is a 16.04 percent increase over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $19.70 billion which beat the analyst consensus estimate of $18.55 billion by 6.20 percent. This is a 19.36 percent increase over sales of $16.50 billion the same period last year. -Reuters
see link below for more info
newsroom.intel.com
Intel had an amazing ER, They had a record quarter pulling in 19.7 Billion in revenue, If you don't think that's a lot. look at what AMD makes.
They still have a lot of things going on for them but they are having issues with the new processor delay. That's why the stock dropped so significantly.
I personally would start adding position at $47 and double down at $43.75, this is a huge company that pays dividend too so I don't see them going on a death spirial.
I am sure they will recover eventually. Plus they are also looking at TSM to help them manufacture the chips (this is the same process that amd uses. they design and pay tsm to make).
If the deal with TSM goes thru, then both company will pop and go up.
What is Intc?
Intel Corporation provides computing, networking, data storage, and communication solutions worldwide. It operates through Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, Client Computing Group, and All Other segments. The company offers platform products, such as CPU and chipset, system-on-chip, and multichip package products for cloud, enterprise, and communication infrastructure markets. It also provides NAND flash memory and DC persistent products for enterprise and cloud-based data centers, and users of business and consumer desktops and laptops; programmable semiconductors, such as field-programmable gate arrays, application-specific integrated circuits, and related products for communications, data center, industrial, and military markets; and various processors for notebooks, mobiles, and desktop PCs. In addition, it offers boards and systems, such as server boards and small form factor systems; and connectivity products for cellular modems, Ethernet controllers, silicon photonics, Wi-Fi, and Bluetooth. Further, the company develops computer vision and machine learning- based sensing, data analysis, localization, mapping, and driving policy technologies for advanced driver assistance systems and autonomous driving. It serves original equipment manufacturers, original design manufacturers, industrial and communication equipment manufacturers, and cloud service providers.
INTC - Intel Corporation - Technical AnalysisDespite the good earning results, Intel seems to have delays on the development of a new generation super faster chip setting back the price level to approx. 50 USD.
Based on technical analysis, the best option is to hold and wait if the 50 USD level will work as support for a new rally, otherwise, if the support level of 50 usd will be broken, there might be an option that prices will keep diving down.
Fundamental Analysis:
The future matters more: Intel (INTC) posted a strong quarter, too. But the chip maker revealed a huge setback in its push toward seven-nanometer-process technology—raising questions about how a company once revered for its manufacturing brilliance is now considering outsourcing more production to more-capable outside fabs like Taiwan Semiconductor Manufacturing (TSM). It’s an embarrassment and a boon for rival Advanced Micro Devices (AMD). The lesson? Investors pay for future performance, not past results.
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Intel Corporation ("Intel" or "the Company") (NASDAQ:INTC) for violations of the securities laws."
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Intel (INTC) – Intel reported quarterly earnings of $1.23 per share, 12 cents a share above estimates. The chipmaker’s revenue was above forecasts as well. Intel signaled further delays in a new generation of superfast chips, weighing on its stock and boosting that of rival Advanced Micro Devices (AMD), which already has a “7nm” chip on the market.
My God, They're EverywhereLike Amazon, Zoom and also possibly AMD, Intel also has a stubbornly obvious rising broadening pattern. And worse, this one's last bounce-able trip to the bottom of the formation looks to have been accomplished in March. After this half-trip to the top, the next step is typically to fall out of the bottom.
Perhaps we can use this price action to predict a poor earnings release, as weird as that may sound to many people. It looks baked in.
$INTC in a higher degree correction completing Wave A of B
Disclaimer: I have been trading in the markets for about a year. After several months of charting various instruments, my eyes have gotten trained to recognize different candle formation patterns like Bear & Bull Flags, Head & Shoulders, and others. This was good. But, not enough for me to accurately forecast the next following moves and market structure after these patterns had been completed.
For me my next evolution as a Trader came with a more fine-tuned approach to Market Structure, The Elliott Wave Theory. There are two books that were recommended to me as I started this journey.
1. Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A. J. Frost, www.elliottwave.com
2. Visual Guide to Elliott Wave Trading by Wayne Gorman and Jeffrey Kennedy, www.elliottwave.com
I am still learning. I accept the fact that my analysis may be wrong. But, these are my charts as I continue my journey. I am open to all feedback on my analysis as I continue to improve.
can INTC get to $68 in mid-July?the chart shows a possible scenario if INTC can maintain the gains it made this week, getting into a new range - big part of that depends on what happen at the open next Monday - so far we see this move above the $63.5 has some demand & positive sentiment behind it, which sends an optimistic signal that it may hold to that new range.
the problem with INTC is it's too heavy to move and the stock is not seen as "exciting" any more.. but that's not totally bad for value investors who are in for the long game.
the $68 mark represents a 7% to 8% from the lows of this new range - let's keep in mind, the $68 is the pre-COVID range and the prior ATH, which most other tech stocks are already coming back to.