Sell signal under management, week six
Intel stock drops 12.1% as a bearish engulfing bar wipes out last week's bounce
Our view last week
After last week's 12.7% jump, Intel stock has stalled: this week closes nearly flat, with a 2% bounce off the daily 20-day moving average that carried the price back into the 100 area. The stock stays boxed between that average and the 50-day one, and the trend is losing conviction — ADX slips from 43 to 41. Intel's Sell signal has been running for four weeks, and this week's technical analysis follows its evolution step by step.
This week's summary
Last week's bounce didn't last: Intel stock drops 12.1%, with 98% of volume on the sell side and a daily bar that fully engulfs the prior bullish one. The Sell signal, under management since its sixth week, still has the short more than 5% in profit. Price is now boxed into a very tight band between a support in the 90 area and a resistance in the 91 area, while the ADX keeps falling: the trend is losing conviction even as it sinks.
IQS Phase
74
in tension
Signal Strength
51
decline starting to make lower lows
Sizing
STANDARD
Ranking
#22 / 93
US stocks
Trade P&L %
+5.23%
from signal to date, no stop loss
Rank position
ranks 22nd among the 93 sell signals for US stocks in our ranking, with a signal strength of 51 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
INTC belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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