Intel may fall to 19.10 - 19.90

Our pivot point is at 23.9.

Our preference

Target 19.9.

Alternative scenario

Above 23.9, look for 25.4 and 26.2.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (22.938) but above its 50 day moving average (21.3126).

Supports and resistances

26.2 **

25.4 *

23.9 **

23.4

22.44 (USD-last)

20.7

19.9 **

19.1 *

18.2 **

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