Intel Corporation (NASDAQ:INTC) Stock Overbought
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 46.85.
The projected upper bound is: 55.05.
The projected lower bound is: 48.21.
The projected closing price is: 51.63.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.
A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 80.7410. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 7 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 63.95. 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 sell 28 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 89. This is not a topping or bottoming area. The last signal was a sell 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 14 period(s) ago.
Rex Takasugi – TD Profile
INTEL CORP closed down -0.670 at 51.520. Volume was 3% below average (neutral) and Bollinger Bands were 43% wider than normal.
Open High Low Close Volume___
51.860 51.950 50.500 51.520 32,044,382
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 50.22 46.52 40.70
Volatility: 36 47 30
Volume: 34,481,672 36,221,708 27,412,028
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.
INTEL CORP is currently 26.6% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into INTC.O (mildly bullish). Our trend forecasting oscillators are currently bullish on INTC.O and have had this outlook for the last 13 periods.
Latest posts by HEFFX Australia (see all)
- Apple Inc. (NASDAQ:AAPL) Target $182.00 - June 18, 2018
- General Electric Company (NYSE:GE) Fallen 9% in the Last 30 Days - June 18, 2018
- The NYSE Bitcoin Index (.NYXBT) Is BTC on the rise? - June 18, 2018