INTEL - 1H - Technical analysis published on 07/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 30.975 EUR
My targets
35.150 EUR (+8.32%)
39.260 EUR (+20.99%)
My analysis
The bullish trend is currently very strong on INTEL. As long as the price remains above the support at 30.975 EUR, you could try to benefit from the boom. The first bullish objective is located at 35.150 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 39.260 EUR as an objective. Crossing it would then enable buyers to target 42.318 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INTEL rating 32.450 EUR. On the day, this instrument gained +5.99% and was between 31.900 EUR and 32.590 EUR. This implies that the price is at +1.72% from its lowest and at -0.43% from its highest.31.900
32.590
32.450
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of INTEL indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.861 | 29.207 | 30.975 | 32.450 | 35.150 | 39.260 | 42.318 |
| Change (%) | -11.06% | -9.99% | -4.55% | - | +8.32% | +20.99% | +30.41% |
| Change | -3.589 | -3.243 | -1.475 | - | +2.700 | +6.810 | +9.868 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.195 | 28.975 | 29.795 | 30.575 | 31.395 | 32.175 | 32.995 |
| Camarilla | 30.175 | 30.322 | 30.468 | 30.615 | 30.762 | 30.908 | 31.055 |
| Woodie | 28.215 | 28.985 | 29.815 | 30.585 | 31.415 | 32.185 | 33.015 |
| Fibonacci | 28.975 | 29.586 | 29.964 | 30.575 | 31.186 | 31.564 | 32.175 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.673 | 28.097 | 28.823 | 29.247 | 29.973 | 30.397 | 31.123 |
| Camarilla | 29.234 | 29.339 | 29.445 | 29.550 | 29.655 | 29.761 | 29.866 |
| Woodie | 27.825 | 28.173 | 28.975 | 29.323 | 30.125 | 30.473 | 31.275 |
| Fibonacci | 28.097 | 28.536 | 28.807 | 29.247 | 29.686 | 29.957 | 30.397 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.153 | 26.877 | 27.853 | 28.577 | 29.553 | 30.277 | 31.253 |
| Camarilla | 28.363 | 28.518 | 28.674 | 28.830 | 28.986 | 29.142 | 29.298 |
| Woodie | 26.280 | 26.940 | 27.980 | 28.640 | 29.680 | 30.340 | 31.380 |
| Fibonacci | 26.877 | 27.526 | 27.927 | 28.577 | 29.226 | 29.627 | 30.277 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 78.91 | |
| MACD (12,26,9): | 0.7390 | |
| Directional Movement: | 47.215 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 31.271 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.615 | |
| Elder Ray (13): | 1.538 | |
| Super Trend (3,10): | 30.913 | |
| Zig ZAG (10): | 32.390 | |
| VORTEX (21): | 1.2050 | |
| Stochastique (14,3,5): | 90.15 | |
| TEMA (21): | 31.804 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 3.235 | |
| Repulse (5,40,3): | 1.1780 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2420 | |
| Courbe Coppock: | 15.80 |
| MA7: | 29.694 | |
| MA20: | 28.984 | |
| MA50: | 28.708 | |
| MA100: | 33.184 | |
| MAexp7: | 31.410 | |
| MAexp20: | 30.413 | |
| MAexp50: | 29.635 | |
| MAexp100: | 29.211 | |
| Price / MA7: | +9.28% | |
| Price / MA20: | +11.96% | |
| Price / MA50: | +13.03% | |
| Price / MA100: | -2.21% | |
| Price / MAexp7: | +3.31% | |
| Price / MAexp20: | +6.70% | |
| Price / MAexp50: | +9.50% | |
| Price / MAexp100: | +11.09% |
Quotes :
-
15 min delayed data
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Italy Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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