$INTC Intel Corporation Stock Robo Analyst August 31 2020 #INTC
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 49.73 and 46.97. If the stock breaks down through support at 49.73 then it will probably continue lower to 46.97. The stock has resistance at 53.57 and at 56.76. If the stock breaks up through resistance at 53.57 then it will probably continue higher to 56.76. The 200-day moving average is at 57.80. 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 49.73 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (76.09).”