- Intel Corporation is an American multinational technology company. It is one of the largest manufacturers of semiconductors by total revenue in the world.
- The firm was ranked 45th in the Fortune 500 list of the U.S. by total revenue for a decade from 2007 to 2016.
- Let’s analyze the share price of INTC and extract some information related to it.
Intel Corporation’s net income in 2022 was $8.02 Billion, which decreased compared to 2021. Its operating income in 2022 was $2.33 Billion, which also decreased in comparison to 2021. This firm’s revenue in 2022 was $63.05 Billion, which was lower than revenue generated in 2021. The total worth of assets in 2022 was $182.1 Billion, which also increased in comparison to 2021.
The company was founded on 18 July 1968 by Robert Noyce, Arthur Rock, and Gordon Moore. The stock of the company is listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).
Technical Analysis of the INTC Stock
The stock overall is in uptrend and it might take support from the uptrending line. It might go up in that direction in the daily time frame.
There is an opportunity for investors to invest in the stock at $31.21 price. It is good for long-term investment because it has been rising since it got listed on the stock exchange. The overall analysis of the stock says that it is in an uptrend position.
In the 4-hour time frame, the coin might continue to fall after the formation of a “Bearish Candlestick Pattern”. As it is forming a bearish rally continuously. By 03 October 2023, prices might drop to $31.42. It will be a 9.21% drop in price if it occurs. The price of the INTC in 2022 (year-end) was around $25.91. In 2023, the current market price of the INTC is $34.61. It increased to around $8.7 in the 9 months.
The all-time high was made on 12 April 2021, which was around $63.34. Its all-time low was made when the company got listed on the stock exchange.
Forecast
The price volatility over the last 39 days was 5.98%. The current market sentiments are in the favour of bears. It recorded 15/30 green days in the last 30 days, which means the market sentiments were neutral. The market capitalization of INTC is $144.95 Billion. In the 1-D time frame, it is up by 2.31%.
Conclusion
The INTC share was up by 2.94% in the last month. It was also up by 0.12% in the last 5 days. In the last 6 months, it has risen by 18.16%. This stock seems reliable for the short-run time frame because it is in an upward direction. Investors should also choose it for the long run. In the long run, it can continue its bull momentum.
Technical Levels
Resistance Level- $29.94
Support Level- $24.84
Disclaimer
This is a general article that does not provide any financial or investment information. Investors should focus on both technical analysis as well as fundamental analysis. The analysis is done to provide information to readers. To make them aware of investments.