Intel Corporation (INTC) Forecast

Intel Corporation, #INTC, [NASD]

Technology, Semiconductors, USA

Intel Corporation is an American global technology company and the largest manufacturer of electronic devices and computer components, including microprocessors, system logic sets. Headquartered in Santa Clara, California, USA.

intc-finviz
Source: finviz.com
Financial indicators of the company:
  • Index – DJIA, S&P 500;
  • Market Cap – 250.43 B;
  • Income – 19.33 B;
  • P/E – 13.48;
  • Beta – 0.93;
  • ROA – 14.80%;
  • Avg Volume – 20.50 M;
  • ATR – 1.19.

The investment idea is to capitalize on the continuation of the global uptrend with the support of the optimistic financial report of Intel Corporation.

Analytical review:

1. Optimistic report for the third quarter. In late October, the company released a positive quarterly report that exceeded Wall Street analysts' expectations. The company's revenue counted to $19.2 billion and earnings per share were $1.42 (EPS). The tech giant exceeded earnings expectations by $1.13 billion and a profit estimate by $0.18 per share. The company forecasts a total revenue of $71.0 billion worth for 2019 and an operating margin of 30%.

2. Upgrade of institutional funds. Earlier, the major investment funds, Northland Capital and Wells Fargo, raised their forecasts for #INTC stock prices to $65-$69. At the end of the second quarter, the company's top management increased its stake in Intel Corporation.

Analysis of financial indicators and company multiples indicates the possibility of further growth of the issuer.

Trading Recommendations for Intel Corporation Shares
  • Support Levels: 57.00, 55.60, 54.80
  • Resistance Levels: 58.30
intc-2019-11-06

The company's shares stabilized near historical highs. At the moment, the issuer is consolidating. The key support and resistance levels are 57.00 and 58.30, respectively. Indicators do not give accurate signals:

  • - The price is testing 50 MA;
  • - The MACD histogram is in the positive zone but has started to decline.

We recommend opening positions from key levels.

If the price fixes above 58.30, the global uptrend is expected to continue. The immediate goal for profit taking is 59.00-60.00. When following positions, we recommend using a trailing stop.

Alternative option. If the price fixes below the round level of 57.00, it is necessary to look for entry points to the market to open short positions. The movement is tending to 55.60-54.80.

by JustForex, 2019.11.07

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Open Account

Get Free Analytics

* required fields
Last Articles
All Articles
10 most stable forex pairs to trade in 2021
If you are interested in forex but have never tried trading before, sooner or later, you come across the question of what currency pair is safe to trade so that you don’t lose half of your deposit on your first position. And the answer is as simple as can be, the safest currency pairs are the most stable ones. Read on to learn which currency pairs are the best to start your trading journey.
Read more
Best Gold Trading Tips For Beginners
Gold is one of the most popular assets traded worldwide by investors, funds, and speculators who aim to profit from the price fluctuations or stand up against inflation. Unfortunately, many market participants fail to catch the wave and take full advantage of what the gold market can offer due to the lack of knowledge and experience. Are you planning to become the next gold trader? Learn how to trade gold in the most profitable way.
Read more
How to Become a Successful Forex Trader in Malaysia
With broad access to online brokerage services, everyone can become a trader these days. However, few people actually find success in FX. The reason might be that many of those who try trading skip some essential steps or simply do things wrong. Learn about the best ways to become a currency trader in Malaysia from this article.
Read more