Intel Stock Charts Suggests Bearish Trend, Fundamentals Hint At Potential Rebound

Quick Summary:

The company’s moving average convergence/divergence (MACD) indicator is at a negative 1.05, implying negative trading momentum towards Intel stock.

Intel Corp‘s (NASDAQ:INTC) stock plunged 59% over the past year, leaving investors to question whether the company is facing a long-term decline or gearing up for a rebound.

Intel stock is trading below its eight, 20, 50, and 200-day simple moving averages, implying deep bear territory.

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Author / Journalist: Surbhi Jain

Category: Technology

Markets: United StatesTaiwan

Topics: Pro Project Semiconductors US0079031078 Trading Ideas AMD AMZN Stories That Matter US0231351067 Benzinga Tech Technicals US4581401001 INTC Top Stories

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 14:59:20 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Benzinga

News ID: 24551659

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