Perfect Time Buying Intel (INTC) - LONGINTC get dropped by bad news to 2013 prices.
Strong resistance at 19.47
To be updated
INTCCL trade ideas
Intel Shares Plummet 28% Amid Disappointing Q2 EarningsIntel Corporation ( NASDAQ:INTC ) witnessed a staggering 28% drop in its stock price on Friday, sending shockwaves through the semiconductor industry and contributing to a broader tech sector decline. The company's disappointing second-quarter earnings report, coupled with a significant workforce reduction plan, has raised serious concerns about its future prospects.
A Stark Earnings Miss and Workforce Reduction
Intel's Q2 earnings report fell significantly short of expectations, sparking a steep decline in its stock price. The company reported a substantial earnings miss and revealed plans to lay off more than 15% of its employees as part of a $10 billion cost-reduction strategy. This announcement marks one of the most severe stock declines for Intel in recent history, reminiscent of the tech bust of 2000.
The semiconductor giant's revenue and profit figures for the June quarter were notably below analyst estimates, exacerbating investor anxiety. The company's decision to implement significant layoffs underscores the challenging landscape it faces as it struggles to compete with rivals who are capitalizing on the AI boom.
Global Semiconductor Stocks Take a Hit
Intel's dismal performance had a ripple effect across the global semiconductor industry. Major Asian and European chipmakers saw their stock prices tumble in response. Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung, two of the world's leading semiconductor companies, experienced notable declines of 4.6% and over 4%, respectively. SK Hynix, a key supplier to Nvidia, closed more than 10% lower, highlighting the widespread impact of Intel's struggles.
In Europe, semiconductor firms such as ASML, ASMI, STMicroelectronics, and Infineon also faced significant losses. ASML, which provides essential tools for chip manufacturing, saw its shares drop by over 8%, while ASMI fell by 9%. The negative sentiment surrounding Intel's results further fueled the global sell-off in tech stocks.
Broader Market Impact
The repercussions of Intel's disappointing earnings were felt across the broader market. The Nasdaq 100 index, heavily weighted with tech stocks, was particularly affected, dragging down overall market performance. The VanEck Semiconductor ETF, which tracks major names in the semiconductor sector, closed roughly 6.5% lower on Thursday.
Adding to the market's woes, U.S. stock futures saw significant declines on Friday. Dow Jones Industrial Average futures dropped 317 points (0.8%), S&P 500 futures decreased by 1.1%, and Nasdaq 100 futures fell by 1.8%. The anticipation of a critical July payrolls report further contributed to the cautious market sentiment.
A Mixed Picture for the Semiconductor Sector
Intel's struggles come amid a mixed performance across the semiconductor sector. While companies like Nvidia and AMD continue to thrive due to the AI boom, others like Qualcomm and Arm are yet to see similar benefits reflected in their financial results. This divergence underscores the varied impacts of AI investments within the industry.
Nvidia, in particular, faces additional scrutiny as the U.S. Department of Justice (DOJ) investigates potential antitrust violations related to its dominance in the AI chip market. Despite these challenges, Nvidia maintains that it competes based on decades of investment and innovation, and is prepared to cooperate with regulators.
Intel's Strategic Vision and Challenges
Despite the grim immediate outlook, Intel's CEO Pat Gelsinger remains committed to the company's long-term strategy. Gelsinger reiterated Intel's ambitious "5 nodes in 4 years" plan, aimed at advancing its foundry business and catching up with TSMC. This initiative includes the critical 18A process node, which is expected to power some of Intel's most important products in the coming years.
Technical Outlook
Intel stock ( NASDAQ:INTC ) has dropped 29% and currently has a Relative Strength Index (RSI) of 16.66, indicating it is oversold, with potential for further decline to an RSI of 10 due to a significant downward gap on the daily price chart. You can exploit these gaps through various strategies, such as buying after-hours following positive fundamental reports to anticipate a gap up, or entering positions at the start of price movements.
Conclusion
Intel's latest earnings report has cast a shadow over the semiconductor industry, triggering a substantial sell-off and raising questions about the company's future. While Intel's long-term strategy shows promise, the immediate challenges and market reaction underscore the difficulties it faces in navigating the competitive landscape. As the tech sector grapples with these developments, all eyes will be on Intel's next moves and their potential impact on the broader market.
Incoming 60% correction for Intel CorporationOn the above monthly chart price action has rallied 100% since March 2023. The rally follows the break of market structure in April 2022.
The recent 100% rally has printed a rising wedge. This is a bearish chart pattern. Price action prints a bearish engulfing candle at broken market structure.
Market structure resistance is also previous support that saw price action enjoy a 15 year uptrend. This is presented on the 3-month chart below.
Once a price action wedge breakout is confirmed a 60% correction to just under $20 shall print.
Is it possible price action continues to rise? Sure.
Is it probable? No.
Ww
3-month chart
Triple bottom signals reversal on Intel?Is this a breakout for intel after forming a 6 month triple bottom?
$INTC: If there was a time to buy, it is nowYou heard it here first, Intel has finally bottomed long term and it's about to rip from here...A beneficiary of the recent trend of deglobalization/reshoring, and the inflation reduction act, $INTC had been battered and bruised for ages since it peaked back in early 2020, underperforming basically everything since then. Valuation has reached extremely low levels and people were questioning the sanity of the CEO buying shares and making religious remarks about the fate of the company (pretty much praying for the company to do well recently). Very hated name, and it finally looks like the pain is over. Everyone who was holding it for years has capitulated, and the stock ran out of sellers down here. Any slight positive news and buy pressure will make it lift tremendously, specially as people on the sidelines jump in.
Best of luck!
Cheers,
Ivan Labrie.
INTC50 @ 30.03 long term Swing. Looking for gradual long term lift into the end of year, on next higher high I will add to position
INTEL BUY
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As previously discussed in one of the earlier analyses on the stock, the time has finally come to buy into this stock. I made my entry today (using 3% of my capital). For now, I've only set the SL level. I will evaluate how the situation evolves to decide whether to maintain a lower TP or extend it to more interesting prices.
Kind regards.
BOUNCE INCOMING!!This looks like a great area to anticipate a bounce.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
intel bull setup hello traders
1 intel is already initial start
retesting almost finish now......and expect to possible reverse from near PRZ
2. tp is already marked on the chart..... and final tp is near $60
Intel filling upward gaps, 50% + potentialIntel is objectively making very low prices. Be fearful when others are greedy and greedy when others are fearful.
Intel is planning on releasing new GPUs in mid 2024, smart move in these crypto & ai filled times. From what we know, the new GPUs should be able to compete with NVDIA and AMD, giving Intel the space to expand more into this booming sector.
www.tomshardware.com
Intel Corporation | INTC ideaIntel Inc idea
Intel on the way to first of the 5th Wave
Taking support of Nov22 Closing $30.22 and Potential to go Double from here if Monthly closing is stay above $30..
Buy Intel CorporationShort Term Trading Advice by Naranj Capital
Buy Intel Corporation
● Buy Range- 33 - 34
● Target- 36.5 - 37
● StopLoss- 32.5
● Potential Return- 7-9%
● Duration- 10-12 Trading Days
INTEL PLAY WITH GREAT HEDGEIf you look at intel chart it always sets up for a move during aftermarket and premarket. So if intel comes down to hit support during premarket and the market open buy calls on the bounce off support line. Watch qqq and look for put set ups for a week out be patient bro
Intel - Retest, reversal and rejection!NASDAQ:INTC has been establishing a slight bullish trend over the past couple of years.
A clear trend is the basis of every profitable trade, right? Yes and no. You should primarily focus on trading trends and entering positions during such phases. But Intel is a textbook example of a range bound stock; still there are trading opportunities everywhere. Currently Intel is retesting support and is starting to reverse towards the upside. But please: Manage your risk properly.
Levels to watch: $30, $45
Keep your long term vision,
Philip - BasicTrading
INTEL : 25 YEARS of consolidationHello there,
Intel a old company with an consolidation of 25 years, since the ubble of Internet values.
Intel don't have take the way of AI for the moment like NVIDIA. BUT don't forget it's a big company with many resources.
Intel have the supercomputeur AURORA and new AI Chips.
The MA (3 months 111) Is a big support for the company.
Reteste of the dowtrend.
it's a good buy here.
If the Top is break : 420 target.
INTEL: WAITING A RETEST FOR A BUY TRADE WITH EXCELLENT R/R RATIOINTEL has long been behaving like the little sister of the big tech companies that have benefited from the sharp rise in prices in recent months. Finally this is the right time: the price has created a new accumulation phase (lasting 47 trading days), and then forcefully breaks upwards to close the gap down created in the 34.12 area.
Now the price could:
Scenario A): retest the 31.75 and then continue the bullish run (In my opinion the most plausible scenario).
Scenario B): continue its upward trend inexorably, but for this the older tech sisters, or in any case the Nasdaq 100 as a whole, will have to become accomplices.
Scenario C): Return to the accumulation area and stay there for a while longer (unlikely scenario).
I recommend being patient and not getting caught up in FOMO. A limit order at 32 guarantees you a very interesting entry price, and an excellent risk-return ratio, with an estimated target of 43. However, in my opinion, this stock is also very interesting from an investment .
INTL Forming bullish flagMight have lil bit retracement and then likely push upward. Sentiment is positive, some good catalyst news as well as indicators shows signs of bullish momentum continues.
Intel (INTC) Poised for Growth: Leveraging AI and Semiconductor
**Description:**
Intel Corporation (INTC) is positioned for significant growth amid rising demand for AI technology and semiconductors. The stock is currently trading around $30.68, presenting a potential upside opportunity.
**Company Chart Analysis:**
Recent charts show that Intel's stock has been in a downtrend, but key technical indicators suggest potential for a reversal. The Bollinger Bands indicate the stock is trading near its lower range, a sign of potential oversold conditions. The MACD and RSI are also hinting at bullish momentum, despite current bearish trends.
**Fibonacci Retracement Levels:**
- **0.236 (38.29):** Initial resistance level.
- **0.382 (35.33):** Significant resistance level, aligning with the $35 call option strike price.
- **0.5 (37.60):** Midpoint resistance, often a key psychological level.
- **0.618 (38.58):** Strong resistance indicating potential reversal zone.
- **0.786 (41.06):** Upper resistance level, marking a substantial recovery point.
**Growth Catalysts:**
1. **AI Demand:** The increasing adoption of artificial intelligence across various industries is driving demand for advanced processors and semiconductor technology. Intel, with its robust R&D capabilities, is well-positioned to capitalize on this trend.
2. **Semiconductor Market:** The global semiconductor market is experiencing rapid growth, driven by advancements in technology and increased digitalization. Intel's strategic investments in manufacturing and innovation place it at the forefront of this booming sector.
**Potential Upside:**
- Intel’s continued focus on innovation and expansion in high-growth areas like AI and autonomous driving could lead to substantial stock price appreciation.
- Market trends and upcoming product launches may act as catalysts, pushing the stock higher in the near to mid-term.
**Strategic Trade Idea: INTC $35 Call Option (March 2025)**
Given the potential for growth, consider the INTC $35 call option expiring in March 2025. This option provides a leveraged opportunity to benefit from Intel's anticipated upside.
- **Current Option Price:** $2.86
- **Fair Value Projection:** If Intel's stock price jumps to $36 by next month, the fair value of this call option is estimated to rise to approximately $4.29, based on the Black-Scholes model.
**Conclusion:**
Intel’s strategic positioning in AI and semiconductors presents a compelling growth narrative. For traders looking to capitalize on this potential, the INTC $35 call option offers an attractive speculative opportunity. Monitor the Fibonacci levels for potential entry and exit points.
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*Disclaimer: This idea is for informational purposes only and does not constitute financial advice. Please perform your own research before making any trading decisions.* DR SAUD
Intel potential reversalIntel seems to have formed an Island bottom reversal and may be ready to claim back previous levels. I am targeting 41 within the next 3 to 6 weeks but it could take longer. INTC has been lagging the AI / tech trend and i believe it has the potential to do so.
full disclosure i have a 31$ call I bought when the stock was at 30.80 on which i am up 141%. I will let it ride unless i see some weakness and i will sell.
I am betting INTC will fill the gap, which would lead to some considerable upside.
$INTC has its biggest run in a long timeNASDAQ:INTC has hit the 1st level.
We are being strategic and locking in some gains. We are over 10% profit mark in a few days & Intel is above the gap fill area, which was the 1st tranche of selling.
Still have a good sized position and wrote covered calls on 1/4 of the position.
NASDAQ:SMH NASDAQ:SOX
Intel Hits Bottom: Targeting the GapLet's not make it more complicated than it is. Intel seems to have found its bottom, and the gap is suitable as the first target for a long trade.
That's it!
3 Reasons to buy IntelLunar Lake, Arrow Lake, Battlemage....
3 reasons to get in while there is still value.
