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Intel


Analysis

Market Comment – US slowdown fears grip markets ahead of NFP

Tech stocks lead selloff in equities amid recession fears, disappointing earnings Yen extends gains as safe havens rally but dollar mixed Will today’s nonfarm payrolls report calm markets or add to jitters? Carnage returns to equity markets The mid-week bounce on Wall Street didn’t last long as rate-cut optimism turned to gloom following soft economic data out of the US on Thursday.
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Technical Analysis – Intel stock battles with 50-day SMA

Intel shares advance after consolidation period But struggle to conquer the 50-day SMA Momentum indicators turn positive Intel’s stock had been stagnant since late January, following a significant bearish price gap in the aftermath of the firm’s Q4 earnings announcement. Although the price attempted a recovery in the past few sessions, the 50-day simple moving average (SMA) seems to be acting as a strong ceiling.
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Intel share price nosedives days after hitting 40.00 Momentum indicators point to further losses in short term But medium-term bullish structure intact for now Intel stock tumbled in the past two sessions, losing about 8.75% of its value. Crucially, the price has slid below both its 20- and 50-period simple moving averages (SMAs), signalling a dramatic shift in the near-term picture from bullish to bearish.
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Tech stocks wobble on rising yields and chip demand worries ahead of Fed decision – Stock Markets

Stocks slide as Treasury yields advance ahead of FOMC rate decision Worries over chip demand outlook casts shadows over AI growth prospects Instacart validates tech IPO resurgence, but can the excitement last? Surging yields bite stocks as inflation fears re-emerge Undoubtedly, the main event of the week is the FOMC interest rate decision later on Wednesday, which will be accompanied by the updated dot plot and a summary of the latest economic projections.
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Artificial Intelligence: Is the ‘baby bubble’ ready to pop?

Wall Street has been in a rally mode this year, despite the Fed hiking rates and signaling that more hikes are looming before the end of this tightening crusade. It seems that the biggest driver behind the gains is the enthusiasm about artificial intelligence (AI). So, with the Nasdaq gaining more than 40% from its October lows, the financial community seems to be asking this question: Will the rally continue or is this ‘baby bubble’ ready to pop?
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Technical Analysis – Intel in risk of sizeable correction if another breakout proves false

Intel managed to record a strong day yesterday, trying desperately to join the AI frenzy that has been driving the market aggressively higher. However, it remains stuck inside the wide 24.63-31.27 rectangle that has formed since September 2, 2022. Three false upward breakouts have taken place up to now, increasing the importance and the difficulty in breaking this range-trading pattern.
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Technical Analysis – Intel back inside the rectangle; bearish tendencies intensify

Intel stock settled yesterday at 29.60, below the 200-day simple moving average (SMA) for the first time since March 29. Actually, the stock has been trading inside a tight 24.63-31.27 rectangle that has formed since September 2, 2022 with the early April upside breakout proving to be a false one. History suggests a retest of the rectangle lows, which coincides with the message conveyed by the momentum indicators. The Average Directional Movement Index (ADX) has returned above the 25-threshold
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