Intel was underperforming the Semiconductor industry in earnings growth, as reported by Simply Wall St., a website that provides financial analysis and insights. Its earnings have been dropping by -13.7% on average every year, while the industry average was at a rise of 30.9%. Its revenues have also been declining by 1.6% per year, which is a bad sign.
Intel has a moderate debt-to-equity ratio of 46.9%, as reported by Simply Wall St. This means it has less than half as much debt as equity, which reduces its financial risk. Its assets and liabilities are $185.6 Billion and $81.2 Billion respectively, which shows that it has a sizable balance sheet.
The market capitalization of INTC stock is $153.618 Billion and the total revenue is $63.054 Billion. Moreover, the stock’s basic EPS is $-0.22 and the price-to-earnings ratio is -167.3. Moreover, the average volume is 38.502 Million and the current volume is 90.863 Million, the current volume is above average volume.
Moreover, the stock has done well this month, increased by 9.58%, and surged by 36.05% in the last six months. Intel Corporation (NASDAQ: INTC) stock has a positive year-to-date return of 36.18% and a negative 1-year return of 8.13%.
Technical Analysis of Intel Price in 1-D Time Frame
The price action shows that Intel Corporation’s ( NASDAQ: INTC) stock price has been on a rising trend for the last three months, increasing by 15.18%. At the time of writing, INTC price is trading at $36.83 and has broken out of a symmetrical triangle after consolidating in a range.
Therefore, INTC price could continue to move upward and reach the first and second targets of $37.12 and $40.86, if it maintains the current level. However, if the INTC price fails to sustain the current level and drops, then it might hit the nearest support levels of $29.70 and $26.88.
At the time of publishing, Intel Corporation. is trading above the 20, 50, 100, and 200-day EMAs (exponential moving average), which supports the Intel stock price trend. Hence, Intel price is expected to move upwards giving bullish signals over the daily time frame chart.
The current value of RSI is 67.62 points. The 14 SMA is above the median line at 56.35 points which indicates that the price is bullish as the RSI is in bullish territory.
The MACD line at 0.6450 and signal line at 0.4757 are above the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the INTC stock price.
Summary
Intel Corporation. (NASDAQ: INTC) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical parameters of the INTC stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in INTC stock price.
Technical Levels
- Support levels: The nearest support levels are $29.70 and $26.88.
- Resistance levels: The nearest resistance levels are $37.12 and $40.86.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/07/31/intel-price-prediction-will-intc-stock-price-breakout-sustain/