Intel Corporation (INTC) “On a long-term technical basis, the stock (INTC) is trading below its 200-day moving average which generally implies it is in a negative trend.

The stock has support at 43.63 and 37.25. If the stock breaks down through support at 43.63 then it will probably continue lower to 37.25. The stock has resistance at 56.10 and at 59.12. If the stock breaks up through resistance at 56.10 then it will probably continue higher to 59.12. The 200-day moving average is at 58.46. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 43.63 look for a rally to previous highs. The stock is extremely oversold according to the Stochastic Indicator (14.42).”