Conflicting INTC Technical Analyses
Based on the most current trend, a seemingly head and shoulders bottom has emerged for INTC, indicating a reversal of the bearish trend. The neckline as shown above confirms this trend. However, it lags a confirming signal of the large trading volume at each peak and trough. Additionally, its stock price is still creeping toward its 21-day Moving Average (not shown), indicating a sell signal. Even the RSI indicator (RSI>30) does not provide a strong buy signal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.