Intel Corp.: technical chart indicators suggest broad uptrend

Intel Corp. technical chart studies suggest broad uptrend. Quotes are above the 14 days moving average.

Intel Corp. stock Tuesday, November 22 closing price was at 35.48 (+1.43%). New bullish technical picture drawn on daily chart (high2 < high1, high1 < high, low2 < low1, low1 < low, close > close1, close1 > close2), we suggest to watch today closing. Technical chart indicators and studies suggest broad uptrend, so today trading session forecast is for further price extensions towards the most significant resistance levels.
intel corp technical chart

View the interactive chart on ProRealTime.com

Simple Moving Average (SMA)
Intel stock quote is above the 14 days moving average (SMA value is 34.68). The short term view is bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.
Volumes
Daily chart shows an increase in volumes compared to the previous day. This could be a sign of a significant move to come.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 22/11/2016.

Performance: 7 trading days= +2.68% – 15 trading days= +2.22% – 30 trading days= -1.86%

Resistance levels: R1= 35.62 – R2= 35.75 – R3= 36.14
Pivot Point: 35.36
Support levels: S1= 35.23 – S2= 34.97 – S3= 34.58


Buying opportunity above 35.56, targets minor resistance at 36.00 and perhaps as far as strong resistance at 36.31, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 37.09.

Selling opportunity below 35.27, targets minor support at 34.84 and perhaps as far as strong support at 34.54, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 33.77.