Technical analysis of shares of Intel

 

Promotions Intel (INTC.O) throughout the history of pricing available to us since 1980, maintained a long-term upward trend, although in 2000 it became the structure of the negative component. As shown in the chart, in the last 8 years the price has been attempting to consolidate and close to the long-sustainable level of $ 19 to almost evenly damp. In the second half of 2008, a breakthrough occurred on this level, and the price fell to below one third of it, but we again see a convergence to the level of graphics $ 19 and expect that by the end of this year, it can be repeatedly tested both from below and from above. At this stage (in the perspective of a half or two months) it seems likely to rise above the price of that mark, and then the new support can be a stable line (marked in green), going to $ 20.

Technical indicators suggest buying mood expressed in the market without the tool of the state perekuplennosti. On a weekly schedule of fast moving average exceeds a slow, stochastic lines are moving in the upper part of the channel, as well as the indicator of RSI, and MACD line crossed zero, which is generally regarded as a signal to buy.

Situation lines grid system ADX indicates the most favorable market for the purchase - from DX and ADX to rise above-DX, with the ADX increases. Strengthening bull sentiment said divergence lines /-DX.

Thus, in the coming weeks, we expect Intel stock recovery to sustainable level of $ 19 and further to $ 20 , ie potential growth of more than 10%.

 

 

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