A negative crossover will likely occur tomorrow. A break below $47.75 is the trigger point. Each level uses the last nine closes in these time horizons. A higher pivot low formed last week and the downside momentum has finally slowed. A reading below 10.00 is considered "too cheap to ignore," which is typically followed by a gain of 10% to 20% over the next three to five months. Intel is about to confirm a death cross, as the 50-day and 200-day SMAs are converged at $58.58 and $58.47. The weekly time frame provides a few reasons for optimism. Intel stock plunged on Friday after the US computing giant revealed a third-party manufacturer might make its next generation chipsets — wiping $41.72 billion from its market value. The stochastic reading covers the last 12 weeks of highs, lows, and closes for the stock. Bears still hold the high ground. Intel fell below its 50-day SMA on Feb. 25 and then fell below its 200-day SMA on March 13, leading to the March 16 low of $43.63. Intel stock has steady revenue and a reliable dividend. 1125 N. Charles St, Baltimore, MD 21201. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. We do also share that information with third parties for Back during the week of Jan. 3, this reading was above 90.00 on a scale of 00.00 to 100.00, which put the stock in an "inflating parabolic bubble" formation – and this bubble popped big time. If you want more confirmation before pulling the trigger on bottom fishing plays, then use a break above $50. The company has a history of beating quarterly results, but cautious guidance has been a major problem for Intel. The company is one of the old-time tech stocks that lags its tech-bubble peak, which was set at $75.81 in August 2000. It also had a positive reaction to earnings on Jan. 24, which led to the high that day. The lot of them are beaming beauties, complete with powerful uptrends that continue to notch new records. A crash is most often associated with an inflated stock market. Bull or bear, I think the stock chart provides enough action for both animals to play. We’re not living in such a world, however. All rights reserved. The Wilshire 5000 Total Market Index (TMWX) is a market capitalization-weighted index that seeks to represent the broad U.S. equity market. Following its July 23 earnings report, Intel stock gapped below its annual and quarterly pivots, both at $57.17. The Dow Jones Industrial Average (DJIA) is a popular stock market index that tracks 30 U.S. blue-chip stocks. Taiwan’s TSMC, the world’s largest chipmaker by market cap, grew by $33.8 billion on Friday, while AMD added $11.5 billion. This buy signal tracked the stock to its 52-week high of $69.29 set on Jan. 24. The stock closed Monday, July 3, at $48.30, down 19.3% year to date and up 10.7% from its March 16 low of $43.63. In fact, NVIDIA has grown faster any other US-listed chipmaker this year, having added a butt-clenching $104 billion to its market value this year (71% growth). Have you seen Advanced Micro Devices (NASDAQ:AMD) or Nvidia (NASDAQ:NVDA) lately? To capture share price volatility, investors should buy shares on weakness to a value level and reduce holdings on strength to a risky level. Disclosure: The author has no positions in any stocks mentioned and no plans to initiate any positions within the next 72 hours. A reading above 90.00 is considered an "inflating parabolic bubble" formation, which is typically followed by a decline of 10% to 20% over the next three to five months. Trade Two: Buy the October $47.50/$42.50 bear put for around $1.30. In such a scenario, its relative performance wouldn’t be bad at all. Trading strategy: Buy Intel shares on weakness to the 200-week SMA at $47.44 and reduce holdings on strength to the monthly, quarterly, and annual risky levels at $55.64, $57.17, and $57.17, respectively. I did this following the stock market crash of 1987, so I have been happy with the results for more than 30 years. 1125 N. Charles St, Baltimore, MD 21201. The announcement sent traders flocking to Intel‘s rivals. Intel stock failed at its semiannual risky level at $65.02 on June 5. Semiannual levels are updated at mid-year, and annual levels are in play all year long. All rights reserved. Semiannual and annual levels remain on the charts. The fallout in Intel (NASDAQ: INTC) after its disappointing earnings report was swift and dramatic. New weekly levels are calculated after the end of each week, while new quarterly levels occur at the end of each quarter. The issues striking the company are idiosyncratic. advertising & analytics. One analyst reportedly referred to Intel‘s earnings call as the company’s worst over the 45 previous calls they’d covered. Nothing boosts yields faster than a price plunge. It’s short-term resistance and needs taking out for further evidence that bulls are returning. It was above its annual pivot at $57.17 when it reported its earnings beat, but gapping below this level on July 24 caused a crash to as low as $46.97 on July 31. According to Bloomberg, TSMC’s 10% rally sent its stock to its highest point since 1990, ranking it the 12th most valuable stock in the world, tech or otherwise. Article printed from InvestorPlace Media, https://investorplace.com/2020/08/how-to-trade-intel-stock-after-its-earnings-crash/. Perhaps the descent wouldn’t be so bad if it took place while the broader market was struggling. A bear market occurs when prices in the market fall by 20% or more. Trade One: Sell the September $45 put for 52 cents. TNW uses cookies to personalize content and ads to In just five trading sessions, the Street lopped 21% off Intel stock’s market cap. Copyright © 2020 InvestorPlace Media, LLC. For starters, we’re testing the rising 200-week moving average. My theory is that nine years of volatility between closes are enough to assume that all possible bullish or bearish events for the stock are factored in. Following the V-shaped bottom, the stock returned to its 200-day SMA on March 24 and then reached its 50-day SMA on April 7.
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