Intel stock: buy or sell?
Dec 1st, 2020
Intel stock brief
- Counting on Tuesday, it's been 6 consecutive sessions in positive for Intel. Price closed on Tuesday at $49.56 after exploding a 2.50%.
- The price is currently above the upper Bollinger band, which usually indicates a near-term correction
- Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices 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?
Currently, Intel stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $INTC in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Intel stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies let us to avoid impetuous decisions based on our sentiments or the noise surrounding the market. When selling, as well as buying, our setups are very simple to follow but are only valid for selling stocks in your porfolio, not for selling short $INTC stock
A guiding principle is that you must never keep a trade that results in greater losses than those expected by the time of the buy. The timing 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 hold Intel stock and your operation is in profit probably is not time to sell now
In the last month, 2 analyst ratings were published for Intel
|Nov 2nd, 2020|
|Nov 4th, 2020|
|The Goldman Sachs Group|| |
Intel stock analysis
Supports and resistances
The current resistance levels are:
The current supports are:
Price readings both above or below the Bollinger Bands tell us that the price has followed a strong trend that has led to extreme highs or lows. In this case, the price is beyond the upper band, which should mean a short-term adjustment (at least) until it is below the band
Relative strength index
The RSI crossed up the oversold line of 30 in early November after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI value on Tuesday was 63.95. Since then, Intel shares exploded a 11.30%
Intel stock price history
Intel went public priced at an adjusted price1 of $0.20 on Mar 1980. Since then, INTC stock surged by 24,680.00%, with an average of 617.00% per year. If you had invested $1,000USD in Intel stock on the IPO, it would have a value of $247,800.00 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Intel stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price target published by financial institutions for the last 30 days. Again, these targets are not direct recommendations for individual investors and must not be trusted blindly.
There are 2 price predictions posted for Intel that average $42.00. That is a 15.25% than the current price ($49.56).
|Brokerage firm||Price target|
|Nov 2nd, 2020|
|Nov 4th, 2020|
|The Goldman Sachs Group||$46.00 → $38.00|
Earnings and financials
Last October, Intel ($INTC) hosted the shareholders event and presented the report. Analysts were right in their forecast of Intel's which published $1.11 per share. Likewise, reported revenues of $18.3 billion were in line with Wall St. estimates.Same quarter last year, reported EPS was $1.42, so recently reported EPS is a decrease of -21.83%. Looking at sales, figures slightly changed compared to $191.9B same quarter a year ago.
Intel ($INTC) presents earnings report mid next January. Estimated for this quarter is $1.10, compared to $1.11 that was reported for Q3.
Intel is classified inside the Semiconductors industry, which contain 47 industry peers.
Intel major competitors are:
|Company||Market cap||Rating||Bullish ratings1|
|Taiwan Semiconductor ($TSM)||$419.8B||Neutral||0|
|Texas Instruments ($TXN)||$145.5B||Neutral||0|
1 In the last 30 days.
To better understand Intel performance you must compare its gains with other related stocks in same sector or industry.. For Intel, the benchmark is made against Taiwan Semiconductor, NVIDIA, Qualcomm, Broadcom, Texas Instruments and AMD.
|Taiwan Semiconductor ($TSM)||14.90%||21.70%||86.60%|
|Texas Instruments ($TXN)||11.20%||13.60%||29.10%|
Disclaimer:The opinions contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the particular positions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for education motives only
|Tuesday, December 1st, 2020|
|Day range||$48.71 - $50.22|
|Average true range||$1.21|
|50d mov avg||$48.60|
|100d mov avg||$49.68|
|200d mov avg||$53.45|
|Earnings date||January 21st, 2021|