Intel Corp (INTC) Up 0.62%, Price Base in Formation Over Past 30 Days; Pin Bar Pattern Appearing on Chart

Intel Corp Daily Price Recap

Intel Corp closed the previous day up 0.62% ($0.37); this denotes the 2nd day in a row an upward move has occurred. As for how volume fared, yesterday’s volume was up 6.69% from the previous day (Monday), and up 6.96% from Tuesday of the week before. The daily price chart of Intel Corp below illustrates.

Intel Corp Technical Analysis

Coming into today the current price of Intel Corp is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Intel Corp’s price has gone up 6 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to INTC:

    $INTC 19-May
    – Daily stock price timing forecast –
    ◆ Recommended Positions
    => Buy – Bullish
    ◆ Search for the daily stock price timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 59.59 ~ 63.56
    % Change: -1.15% ~ 5.42%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand(S&D) strength flow appropriate to the current trend.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => About to begin a downward trend as a rebounding trend gradually gives way to increasing limited rises and strong falls.