Intel’s share performance during the week .. between technical fluctuations and industry pressures

The American Intel share concluded its weekly trading on the price of 21.66 dollars with a slight increase of +0.51% during the May 16 session, while it recorded in trading after the closure slightly to $ 21.36 (-1.39%), which reflects the continued cautious fluctuation around this price level, and on a weekly view, the stock shows a clear oscillation between 21.18 levels and 22.88 dollars, Amid active trading average daily size of about 77 million shares.

Price fluctuations

Intel shares witnessed severe fluctuations this week, the most prominent of which was in the May 14 session in which the stock lost 4.61% of its value to decrease from 22.35 to 21.52 dollars, which is one of the biggest declines in the daily stock during the current month, and this decline came after the stock approached a technical resistance level at 22.80-23.00 dollars, which has proven hard, but despite this decline, the stock returned and made some gains in The May 16 session, to close the week higher than its lowest level, which is explained as a relative stability after a sale, and the level of $ 21.35 has a temporary support, despite its fragility in the absence of a strong upward momentum.

Technical momentum and technical analysis indicators

Intel shares continue to show noticeable technical weaknesses during the week trading, as the arrow is currently moving without the basic moving averages, including the moving average for 50 days and 200 days, which enhances the negative view in the short and medium term, and this decline reflects the loss of positive momentum, and is confirmed by the center of the RSI index (RSI) at levels ranging between 45 and 50 points, which is a neutral area that does not Neither of the two directions is likely, and it shows a state of anticipation among investors.

At the same time, the MACD index formed a negative intersection in the middle of the week, in conjunction with the strong decline in the Wednesday session, which is pushing more warning about the possibility of the downward correction, especially if nearby support levels are broken at 21.10 and 21.00 dollars, and these technical data combined puts the stock under increased sale, and indicates the need to be careful in making purchase decisions before the emergence of confirmed technical reflection signals.

Industry and pressure factors from competitors

Intel fluctuations come in a broader context characterized by increasing competitive pressures within the semiconductor sector, especially by companies such as AMD and NVIDIA, in addition to rapid expansion by Asian companies such as TSMC, which increases the investors’ caution, and there is awaiting the results of the second quarter business of the year, which is expected to reflect the company’s efforts in improving the profitability margin and reducing operating costs, and any A negative surprise in these results may pressure the arrow and push it to test critical support areas.

A future look

Intel shares are seen as moving within a declining cross range, confined between 21.00 and 23.00 dollars, and if the stock fails to overcome this range up, this may lead to its move towards the bottom of the 52 weeks at $ 17.67 in the coming weeks, but on the other side, any possible support from institutional investors or positive news about an improvement in global supply chains may provide a payment The stock is to penetrate the level of 23.00 and the direction is about $ 24.50.

Intel Company

Intel Corporation is one of the largest technology companies in the world, specializing in designing and manufacturing accurate processors and electronic chips used in computers, servers, network devices, and artificial intelligence products, and the company is located in California, the United States.

Intel is a major player in the semiconductor market, and it faces strong competition from companies such as AMD, NVIDIA and TSMC, and the company’s share is listed on the Nasdaq Stock Exchange under the INTC symbol, and is one of the shares of great importance for investors in the technology sector.