September 5, 2023 Update: Intel (NASDAQ:INTC) Stock Technical Analysis
From the analysis of the candlestick chart, the probability of short-term stock price breaking through upward is extremely high, short-term trading has a certain profit space, it is recommended to preset the stop loss price of $35, the target price of $40, short-term trading above $35 high selling low absorption.
Daily candlestick chart
From the fundamental analysis of financial statements
Second-quarter revenue of $12.9 billion, market expectations of $12.02 billion; third-quarter adjusted revenue of $12.9 billion to $13.9 billion, market expectations of $13.28 billion; third-quarter adjusted earnings per share of $0.20, market expectations of $0.13; third-quarter adjusted gross margin of 43%, market expectations of 40.9%, and expected moderate recovery in the second half of the year.
Technical Analysis Historical Forecast Record: