Intel Corp (INTC) Up 1.34%; Crosses 200 Day Moving Average

Intel Corp 4 Hour Price Update

Updated June 30, 2020 04:31 PM GMT (12:31 PM EST)

INTC traders saw its share price rise 2% ($1.16) over the past four hours of trading. To help put that in perspective, note that Intel Corp’s peers in the in the Electronic Equipment industry are up 2.08% on average during this time, while its peers in the broader Technology sector are up by an average of 1.55%.

Intel Corp Daily Price Recap

Intel Corp’s 4 day negative streak has officially concluded, as the candle from the previous day closed up 1.34% ($0.77). This move happened on lower volume, as yesterday’s volume was down 44.57% from the day before — and down 14.3% from the same day the week before. Let’s take a look at the daily price chart of Intel Corp.

Intel Corp Technical Analysis

Notably, Intel Corp crossed above its 200 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about INTC:

    $INTC 29-Jun
    – Daily stock market timing forecast –
    ◆ Investing view
    => Neutral – Bearish
    ◆ Search for the daily stock market timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 56.92 ~ 59.33
    % Change: -2.32% ~ 1.82%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand strength has changed from a strong selling flow to a suddenly strengthening buying flow.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations.