Intel Corporation (NASDAQ:INTC) HEFFX Highlight

Intel Corporation (NASDAQ:INTC) HEFFX Highlight

Intel Corporation (NASDAQ:INTC) HEFFX Highlight

With an eye on new markets including 5G telcom networks, Artificial Intelligence (AI), drones, driverless cars and even hi-tech farming and analytics driven retail, world’s largest chip maker Intel has launched its new Xeon scalable processors. The data centre processor promises speed, agility, security, networking features that are multiple times ahead of previous generation hardware and offer ultra-low latency to meet demands of the fast accelerating digital life.

The Xeon platform was in development over the last five years. $59 billion Intel is pinning its hopes on the re-architected chip to ward off competition from Nvidia, AMD, STMicroelectronics and others gearing up for next gen hardware needs of modern data centers, the engine rooms of the digital economy

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. It offers platforms to integrate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. The CCG operating segment includes platforms that integrates in notebook, two in one systems, desktop computers for consumers and businesses, tablets, and phones.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 35.16.

The projected upper bound is: 35.64.

The projected lower bound is: 33.62.

The projected closing price is: 34.63.

INTEL CORP closed up 0.440 at 34.680. Volume was 26% below average (neutral) and Bollinger Bands were 8% wider than normal.

Open         High         Low           Close         Volume
34.480      34.710      34.265      34.680      16,316,353

Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period         50-period          200-period
Close:                       33.98                35.26                  35.86
Volatility:                24                      19                        20
Volume:                   21,694,426      20,848,720      22,001,702

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

INTEL CORP is currently 3.3% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of INTC.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on INTC.O and have had this outlook for the last 24 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 91.3386. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 10 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 51.69. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 9 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 169.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 4 period(s) ago.

The following two tabs change content below.

John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

Leave a Reply

Your email address will not be published.


By submitting this form, you are granting: heffx, 3 Raffles Place, Singapore, 048617, permission to email you. You may unsubscribe via the link found at the bottom of every email. (See our Email Privacy Policy (http://constantcontact.com/legal/privacy-statement) for details.) Emails are serviced by Constant Contact.