Intel (INTC) Stock jumped today, Trend remains down

By InvestMacro.com | #stocks #INTC #RSIDivergence

Intel Corporation End of Day Update: October 13 2022

The Intel Corporation (INTC) stock finished the day with an advance of 6.86 percent and closed the day around the 26.42 price level, according to unofficial data at the New York close.

Intel, an American technology and chip company, opened the trading day at 24.725 price level with the high of the day being 26.84 and the low of the day bottoming at 24.59.

The stock today hit its lowest level for share prices since August of 2015 before turning around and surging higher to close out the day ahead.

The INTC Trend is Down, RSI level is Bearish

The stock is currently trending sharply lower over the past 200 trading days, according to the linear regression line (red) seen on the chart below. Intel has lost approximately half of its share price value from December 2021 when it was trading in the $50s compared to the current state of the price.

The Relative Strength Index, an indicator that can identify overbought (above 70) and oversold levels (below 30), shows that the current RSI is at a 39.4 score. This is a Bearish reading on the daily time-frame currently. The RSI had recently been in oversold territory and has emerged with an RSI divergence at the current moment (price lower while RSI score higher).

INTC Price Returns (Closing Price Changes)

INTC has seen an increase by 0.15 percent over the past 10 days while seeing a decline by -17.23 over the past 30 days. The 90-day change is -38.42 while the 180-day return and the 365-day return are -47.57 and -51.43, respectively.

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