Buy signal, week 1: the first test
Intel slips 3% after 4 straight weekly gains while the tech sector keeps climbing
Our view last week
Intel stock closes a fourth straight rising week with a 13.3% jump, and last week's sell signal flips into one of this week's new buy signals among tech stocks. Money flow has been positive for 2 weeks and the weekly price action shows no warning signs. The technical analysis still calls for caution: ADX falling for 13 weeks, elevated volatility and a 7-day high that has yet to be cleared.
This week's summary
After 4 straight weekly gains Intel stock pauses: down 3% while the tech sector keeps rising. Last week's buy signal holds, though the recent high in the 127 area is still uncleared. Money flow has been positive for 3 weeks, yet the ADX has been falling for 14 and volatility is elevated. Among the weekly buy signals on tech stocks, this trade setup calls for keeping the position unchanged, with earnings on October 22 drawing closer.
IQS Phase
56
ordinary
Signal Strength
81
high · wide & volatile
Sizing
FULL
Ranking
#17 / 93
US stocks in progress
Trade P&L %
-2.98%
from signal to date, no stop loss
Intel (INTC) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 17th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 81 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
INTC belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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