Intel may fall to 26.00 - 27.10

Our pivot point is at 32.3.

Our preference

The downside prevails as long as 32.3 is resistance.

Alternative scenario

The upside breakout of 32.3 would call for 34.1 and 35.2.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 32.8985 and 31.6132).

Supports and resistances

35.2 **

34.1 *

32.3 **

31.6

30.74 (USD-last)

28.2

27.1 **

26 *

25 **

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