$INTC Intel Corporation Stock Robo Analyst October 25 2019 #INTC

Intel Corporation (INTC) “On a long-term technical basis, the stock (INTC) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has broken through an important trendline at 60.69 suggesting the next level of support is 56.36. The long-term uptrend has now turned neutral.

The stock has support at 56.36 and 53.50. If the stock breaks down through support at 56.36 then it will probably continue lower to 53.50. The stock will meet resistance at 59.63 and 65.01. If the stock breaks up through resistance at 59.63 then it will probably continue higher to 65.01. The 200-day moving average is at 50.04. This will also act as support. If the stock closes below 56.36 a negative trend change is probable. Look for the stock to fall to the 200-day moving average at 50.04. The stock is extremely overbought according to the Stochastic Indicator (79.24).”