Chart Of The Day: Analysts Think Intel Is Overvalued
Image Source: Pexels
- 100% technical buy signals
- 13 new highs and up 21.49% in the last month
- 60.40+ Weighted Alpha
There is a big difference of opinion between the individual investors and professional analysts so I'd advise putting a stop loss on Intel. The Chart of the Day belongs to the semi conductor company Intel (INTC). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11 / 3 the stock gained 5.82%.
(Click on image to enlarge)
INTC Price vs Daily Moving Averages
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products. It also provides high-performance computer solutions for targeted verticals and embedded applications for retail, industrial, and healthcare markets; and solutions for assisted and autonomous driving comprising compute platforms, computer vision and machine learning-based sensing, mapping and localization, driving policy, and active sensors. In addition, the company offers workload-optimized platforms and related products for cloud service providers, enterprise and government, and communications service providers. It serves original equipment manufacturers, original design manufacturers, cloud service providers, and other equipment manufacturers. The company has a strategic partnership with Synopsys, Inc. to develop EDA and IP solutions and a collaboration with Red Hat to. deliver open source industrial automation to the manufacturing shop floor. The company The company was incorporated in 1968 and is headquartered in Santa Clara, California.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 60.40+ Weighted Alpha
- 46.57% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 21.49% in the last month
- Relative Strength Index 76.22%
- Technical support level at $42.98
- Recently traded at $43.84 with 50 day moving average of $36.71
Fundamental Factors:
- Market Cap $184 billion
- P/E 361.25
- Dividend yield 1.69%
- Revenue expected to grow another 13.30% next year
- Earning estimated to increase an additional 100.00% next year and continue to compound at an annual rate of 5.51% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 7 strong buy, 4 buy, 26 hold and7 sell opinions on the stock
- Analysts' price targets are between $17 and $56 with a consensus of $37.98 for a 14% loss
- The individual investors following the stock on Motley Fool voted 9,208 to 640 for the stock to beat the market with the more experienced investors voting 1,694 to 80 for the same result
- Value Line rates it an above average of 2 but has an 18 month price target of $28 for a 35% loss
- CFRAs MarketScope rates it a hold with a 12 month price target of $39
- 509,310 investors monitor the stock on Seeking Alpha
More By This Author:
Chart Of The Day: Williams-Sonoma Hits Another High
Chart Of The Day: HMI Corp Hits Another New High
Chart Of The Day: Garmin - Popular With Retail Investors
Disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are ...
more