Intel stock: buy or sell
Jul 29th, 2021
Intel stock brief
- Intel closed on Wednesday at $53.07 after scarcely changing a -0.21%.
- The price is currently under the lower Bollinger band, which usually indicates a short-term bounce that you should not try to trade
- On July 22, Intel made public its Q2 financial report
- Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide.
Should I buy Intel stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $INTC stock a buy?
In the current situation of Intel there is not any eligible buy setup. This doesn't mean $INTC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Intel stock?
How to know when is it time to sell Intel?. Much like when we have to buy shares, choosing when is appropiate time to sell is not a whimsical decision, and we must use our own trading strategy. Our trading system selects very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups are not intended for shorting Intel stock
As a rule of thumb, you must never keep an open trade that results in higher than expected losses at the time of the buy. The moment to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Intel stock?
Currently, Intel stock doesn't match any of our preferred sell setups, so if you own Intel stock and your operation is in profit probably is not time to sell now
In the previous 30 days we couldn't find any rating for Intel
Intel stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
When the price moves out of the band (above the upper line or below the lower line) it indicates that the stock is currently maintaining a very strong momentum and therefore can reverse the trend to the average. For this case, the price is beneath the upper band, which should mean a short-term rebound (at least) until it is back above the band
Relative strength index
When the stays for so long below 70 and above 30, without signaling moments of overvaluation and undervaluation, the indicator turns out to be of little use, and we currently are in such a case.
Intel stock price history
Intel went public on Mar 17th, 1980 priced at $0.20 per share1. Since then, INTC stock has risen by 26,435.00%, with an average of 644.76% per year. An investment of $1,000USD at that time would worth $265,350.00 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Intel stock
Nobody knows how much a stock will be priced tomorrow. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial data by the company, and usually. Again, these predictions are not direct recommendations for individual traders and should not be followed blindly.
We don't have any target price published in the previous month for Intel.
Earnings and financials
Earnings event was hosted by Intel ($INTC) on July 22 after posting the earnings report. Intel reported earnings of $1.28 per share on sales of $19.6 billion. The market estimate was $1.06 per share on revenue of $17.8 billion.Compared to the same quarter one year ago, EPS was $1.23, so current EPS is a gain of 4.07%. Looking at turnover, figures merely changed compared to $197.3B year over year.
Intel ($INTC) will host the quarterly earnings call next October. Estimated for this quarter is $1.11, compared to $1.28 that was reported for Q2.
Important:The opinions contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not know the specific scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for learning motives only
|Wednesday, July 28th, 2021|
|Day range||$52.94 - $53.92|
|Average true range||$1.69|
|50d mov avg||$56.27|
|100d mov avg||$58.83|
|200d mov avg||$55.35|
|Earnings date||October 20th, 2021|