Intel Stock Analysis: Trends, Analyst Ratings, and Price Predictions

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Intel Stock Analysis: Trends, Analyst Ratings, and Price Predictions

Table of Contents

  1. Introduction
  2. Stock Analysis of Intel
  3. Short-Term Performance of Intel Stock
  4. Long-Term Performance of Intel Stock
  5. Analyst Ratings
  6. Signals and Moving Averages
  7. Support, Risk, and Stop-Loss Levels
  8. Key Fundamental Data
  9. Potential Day Trading Levels
  10. Recent Insider Trades
  11. Conclusion

Introduction

🔹 Is it time to buy or sell Intel stock? In this article, we will delve deep into the analysis of Intel's performance and provide insights for potential investors. Please note that the information presented here is intended for informational purposes only and should not be considered financial advice.


Stock Analysis of Intel

🔹 Since February 21st, 2024, our system has identified Intel as a sell candidate with a score of -2.99. The stock is currently in the lower part of a wide and horizontal trend in the short term, which could Present a buying opportunity. However, a breakdown below the bottom trend line at $424 would indicate a strong sell signal and a potential trend shift. Let's analyze the stock's performance over different time periods to get a better understanding.


Short-Term Performance of Intel Stock

🔹 Looking at the 3-month trend, there is a projected -0.88% change ahead, with a possible return ranging between -3.23% and 15.11%. In the 12-month outlook, there is a forecasted 58.65% change over the next year, offering a potential return between 41.5% and 95.9%. This translates to a price range of $615 to $859 after 12 months.

🔹 The latest update on Intel reveals that the stock has been downgraded from a buy candidate to a sell candidate after the Wednesday trading session on February 21st, 2024. The Intel stock price dropped by -2.36%, moving from $44.52 to $43.41. Throughout the day, the stock price ranged from a low of $43.08 to a high of $43.46, showing a 3.74% fluctuation.

🔹 Over the past 2 weeks, there has been a 1.71% increase in the stock price, with the trading volume decreasing by 7 million shares on the last day, totaling 54 million shares traded for around $2.37 billion. Looking back at the last 52 weeks, the stock's highest price was $512, while the lowest was $24.76. Currently, the stock sits at a price 15.22% below the 52-week high and 37.26% below the all-time high on January 24th, 2020, when the price hit $692.


Long-Term Performance of Intel Stock

🔹 Let's take a look at the analyst ratings for Intel. On Friday, February 16th, 2024, Wedbush rated Intel as "underperform" with a hold action. Wells Fargo rated Intel as "buy" with a hold action on Friday, February 16th, 2024. Goldman Sachs rated Intel as "sell" with a hold action on Monday, January 29th, 2024. Oppenheimer rated Intel as "perform" with a hold action on Wednesday, January 24th, 2024. Caner Fitzgerald rated Intel as "neutral" with an initial action.

🔹 Analysts have assigned a general neutral rating to Intel stock, considering the PE ratio and Price to Book to be neutral. The return on investment for the stock is rated as "buy" by the analysts. Signals for Intel today show mixed signals, with both short and long-term moving averages suggesting a negative forecast. There is a general sell signal as the long-term average is above the short-term average. Resistance levels are at $43.80 and $44.54, with potential buy signals if broken. Volume fell with the price reducing overall risk.


Analyst Ratings

🔹 On February 22nd, we anticipate Intel to open up 0.277 at $43.75 for trading. Trading carries a high risk of financial loss, so it is advised to consult a financial adviser before making any investment decisions. It is crucial not to rely solely on stockinvest.us for your investment choices, as your investment decisions are your own responsibility.


Signals and Moving Averages

🔹 A buy signal was issued from a pivot bottom point on February 8th, 2024, with a 2.228% rise so far. Further increase is expected until a new top pivot is found. Additionally, a buy signal is present from the 3-month moving average convergence divergence (MACD). Here are some other signals you might find interesting: moving average convergence divergence by signal, pivots by signal 9 days ago, Ballinger buy signal 15 days ago, short-term moving average sell signal 4 days ago, long-term moving average sell signal 19 days ago, and the relation between the short and the long moving averages by signal 17 days ago. If we look at the 12-month Chart, we see a short moving average by signal 3 days ago and the long-term moving average by signal 80 days ago. The relation between the short and the long moving averages by signal was 225 days ago.


Support, Risk, and Stop-Loss Levels

🔹 Support: Intel currently finds support from accumulated volume at $43.34. This level could present a buying opportunity as an upward reaction may occur when the support is tested. With average daily movements and good trading volume, the risk for this stock is considered to be medium.


Key Fundamental Data

🔹 The price-to-earnings ratio (PE ratio) is a critical metric that compares a company's current share price to its per-share earnings. While Intel's high PE ratio may indicate overvaluation, it is not uncommon for tech companies or those with significant market potential to have such ratios. Looking ahead, Intel's Q1 2024 earnings report is scheduled for April 25th, 2024, with analysts' Consensus estimates standing at 0.16. These figures can have a substantial impact on stock prices, so it's worth monitoring them closely.


Potential Day Trading Levels

🔹 In an upward trend, the initial resistance level for Intel stands at $43.65. If you're not currently invested, consider waiting for this level to break before entering a position. For existing shareholders, this could be a pivotal level for swing trading opportunities. Conversely, if Intel experiences a decline, its primary support level is at $43.34. Should this support hold, it might serve as a strategic entry point with the possibility of a rebound.


Recent Insider Trades

🔹 Let's take a look at some recent insider trades. On February 15th, 2024, Patrick P. Gelsinger conducted an insider buy of 35,135 shares of common stock, and also conducted an insider sale of 17,442 shares of common stock. On February 1st, 2024, Patrick P. Gelsinger conducted an insider sell of 35,135 shares of restricted stock units. On January 31st, 2024, Justin Hotter conducted an insider buy of zero shares of common stock, and on January 24th, 2024, David Zinsner conducted an insider buy of 75,659 shares of common stock.


Conclusion

🔹 In conclusion, our analysis indicates that Intel stock currently shows several negative signals, suggesting weak performance in the near future. We have downgraded our evaluation from a buy to a sell candidate due to technical weaknesses. However, it's worth noting that our systems find that the current price is undervalued based on recent volatility and movements. It is always important to conduct thorough research and consult with a financial advisor before making any investment decisions.


Highlights

  • Is it time to buy or sell Intel stock?
  • Since February 21st, 2024, Intel has been identified as a sell candidate.
  • Short-term trends indicate a potential buying opportunity, but a breakdown below $424 would be a strong sell signal.
  • Long-term projections show a potential change of 58.65% over the next year.
  • Analyst ratings for Intel vary from underperform to buy, with a neutral consensus.
  • Signals and moving averages suggest a negative forecast in both short and long terms.
  • Support levels are at $43.34, with medium risk.
  • Key fundamental data, including the PE ratio and upcoming earnings report, should be monitored closely.
  • Potential day trading levels indicate resistance at $43.65 and support at $43.34.
  • Recent insider trades show a mix of buying and selling activity.

Frequently Asked Questions (FAQs)

Q: Should I buy Intel stock now? A: Our analysis suggests weak performance in the near future, indicating that Intel stock may not be a good buy at the moment. However, it is always recommended to conduct thorough research and seek advice from a financial advisor before making any investment decisions.

Q: What are the support and resistance levels for Intel stock? A: The support level for Intel stock is currently at $43.34, while the initial resistance level is at $43.65. These levels can serve as strategic entry or exit points for traders.

Q: What are the analyst ratings for Intel? A: Analyst ratings for Intel vary, with some rating it as underperform, while others rate it as a buy. Overall, the consensus rating for Intel is neutral.

Q: When is Intel's earnings report scheduled? A: Intel's Q1 2024 earnings report is scheduled for April 25th, 2024. These earnings figures can have a significant impact on the stock's performance.

Q: What are the recent insider trades for Intel? A: Recent insider trades for Intel include both buying and selling activity by key insiders. However, it is important to note that insider trades do not guarantee the future performance of a stock.

Q: Where can I find more signals and analysis for Intel stock? A: For more signals and in-depth analysis of Intel stock, please visit our page at stockinvest.us.


Resources: stockinvest.us

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