· INTC stock price is above the 50-day and 100-day EMAs.
· Intel Corporation’s stock is trading at $35.14.
· INTC market cap is $147.46 Billion.
Intel Corporation (NASDAQ: INTC) is an American company that manufactures motherboards, flash memory, GPUs, and various other components.
The dividend payout ratio (TTM) is 2.5%, whereas the industry average payout is 1.40%. This indicates that the stock is performing better than other companies.
Intel Corporation’s stock is currently moving in an uptrend direction. The price is forming a pattern of higher highs in the weekly time frame.
The stock is trading at $38.99, with a rise of 0.35% in today’s market session. The company’s earnings have been increasing in the last two quarters. The actual earnings are more than the estimated figures, indicating that the stock is well-performing.
After reaching a high of $68 on April 21, 2021, the INTC stock price experienced a decline of approximately 64%. However, it found a support level at $2.43, leading to a remarkable 63.3% increase.
The current stock price of Intel Corp. is close to a resistance level at $38.99. Further upward movement would be possible if the price rises and breaks through this resistance level.
The price chart reflects a strong structure, suggesting the potential for reaching higher price levels, and the overall pattern indicates an upward momentum. The stock is currently moving inside a rising wedge pattern, and this is a favorable structure that favors the price rise. The price of INTC has increased by 36% in the last six months.
Intel Corporation (INTC) Stock Price Analysis
Intel Corporation’s (INTC) stock is presently trading above both the 50-day and 100-day EMAs in the daily timeframe, suggesting potential price growth in the coming days.
The MACD line is above the signal line, and there’s a green histogram forming in the INTC stock. This signals a bullish trend, indicating that the INTC stock price may increase.
Additionally, the 14-day SMA and RSI lines for Intel Corporation stock are approaching 70. This suggests that the stock price will likely rise.
Conclusion
The analysis of the Intel Corporation (INTC) stock reveals that the price is moving in an uptrend. The stock’s earnings are also increasing and it had given a positive return in the previous year. This indicates that a price rise is possible in the future.
Technical Levels
· Support Level– $31
· Resistance Level- $41.39
Disclaimer
The views and opinions of the author or anyone in this article are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.