Intel may rise to 37.80 - 38.90

Our pivot point is at 31.5.

Our preference

The upside prevails as long as 31.5 is support.

Alternative scenario

Below 31.5, expect 29.8 and 28.7.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 32.6105 and 31.5024).

Supports and resistances

40 **

38.9 *

37.8 **

36.8

32.98 (USD-last)

32.2

31.5 **

29.8 *

28.7 **

Number of asterisks represents the strength of support and resistance levels.