Stocks

Intel may fall to 26.70 - 27.80

2024-07-26

33.4 is our pivot point.

Our preference

Under pressure below 33.4.

Alternative scenario

The upside breakout of 33.4 would call for 35.2 and 36.3.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 32.9195 and 31.6758).

Supports and resistances

36.3 **

35.2 *

33.4 **

32.7

31.1 (USD-last)

28.8

27.8 **

26.7 *

25.7 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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