Intel: the decline stalls, ADX keeps fading
Intel barely moves (-0.7%): the Sell signal stays trapped between support and resistance
Our view last week
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.
This week's summary
Intel stock is almost flat this week (-0.7%) after last week's plunge: price is boxed between support in the 85 area and resistance in the 91 area, while ADX keeps falling for a ninth straight week and money flow slips even deeper negative. The Sell signal is in its 7th week, the short still above 5% in profit.
IQS Phase
72
in tension
Signal Strength
36
decline losing steam
Sizing
REDUCED
Ranking
#39 / 96
US stocks
Trade P&L %
+5.86%
from signal to date, no stop loss
Rank position
ranks 39th among the 96 sell signals for US stocks in our ranking, with a signal strength of 36 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +1.30% · monthly +11.48%
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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