Intel Corporation (NASDAQ:INTC) HEFFX Weekly Highlight

Intel Corporation (NASDAQ:INTC) HEFFX Weekly Highlight

Intel Corporation (NASDAQ:INTC) HEFFX Weekly Highlight

Intel has today allowed review websites to publish results for its new high-end desktop (HEDT) platform, which brings the X299 chipset and nine new processors including a monster 18-core beast to the mix as well as a number of new motherboards.

Intel has discontinued three of its offerings for the Internet of Things and embedded device markets.

The chipmaker said in a series of low-key product updates that it would be killing off the Edison, Galileo and Joule compute modules and boards over the second half of the year.

The notices mark an ignoble end for three lines that were once seen as key to Chipzilla’s IoT and connected appliance strategies.

Advanced Micro Devices appears to have pulled ahead of Intel by a few months in the race to give video gamers and other PC performance junkies the latest and greatest chips.

Intel said on Monday that its recently announced, top-performing Core i9 Extreme Edition, a chip fast enough to hit supercomputing speeds of a few decades ago, won’t be available until October.

AMD’s similar Ryzen Threadripper chip will be available from at least some PC makers by the end of next month. Shares of AMD rose 4%, while Intel’s stock price was up less than 1%.

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 ranging.

By the way, prices are vulnerable to a correction towards 35.95.

The projected upper bound is: 36.48.

The projected lower bound is: 34.51.

The projected closing price is: 35.50.

INTEL CORP closed up 0.300 at 35.510. Volume was 5% below average (neutral) and Bollinger Bands were 25% narrower than normal.

Open       High        Low          Close       Volume
35.610    35.610     35.320     35.510     21,583,752

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

Moving Averages: 10-period        50-period      200-period
Close:                       35.78                36.05             36.09
Volatility:                16                      17                    20
Volume:                   22,707,126     21,181,586     22,146,476

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 1.6% below its 200-period moving average and is in an downward trend. Volatility is low 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 6 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 24.8572. This is not an overbought or oversold reading. The last signal was a buy 0 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 43.41. 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 35 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 -83. This is not a topping or bottoming area. The last signal was a buy 0 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 sell 5 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.

Latest posts by John Heffernan (see all)

You must be logged in to post comments :  
CONNECT WITH