Current trend

Shares of Intel Corp., the American giant in the field of information technology, are adjusting around 18.90.

In mid-September, the Board of Directors will be presented with a plan for the reorganization of capital expenditures, which will specify the units that the company will stop financing in the near future, and management consultants on this issue will be representatives of investment banks Morgan Stanley and Goldman Sachs Group Inc. In particular, management may abandon the business of developing programmable logic integrated circuits, Altera, and building a plant in Germany worth 32.0 billion dollars. Earlier it was reported about the intention to reduce capital expenditures by 17.0% in 2025, to 21.5 billion dollars. 

Against the background of a drop in Intel Corp.'s market share and revenues, as well as a decrease in the value of securities by 60.0% since the beginning of the year, analysts at the Austrian bank Erste Group Bank AG downgraded the rating of the emitter's shares from "Hold" to "Sell". In turn, Citibank advises holding securities in portfolios with a target price of 25.0 dollars, about 23.5 times more than earnings per share (EPS) for 2025, which was previously predicted by the bank's experts.

Support and resistance

On the D1 chart, the asset continues its corrective movement, holding below the support line of the descending channel with the boundaries of 32.00–20.00.

Technical indicators hold a stable sell signal: the range of fluctuations of the EMAs on the Alligator indicator is still expanding in the direction of decline, and the AO histogram, being below the transition level, forms new correction bars.

Support levels: 18.10, 14.00.

Resistance levels: 20.40, 28.90.

Trading tips

In case of a reversal, as well as price consolidation below the support level of 18.10, one can open short positions with a target of 14.00 and a stop-loss of 19.50. Implementation period: 7 days and more.

After conthe price above the resistance level of 20.40, long positions with a target of 28.90 and a stop loss of 18.00 will be relevant.