Intel stock price forecast bullish despite restrictive Chinese procurement guidelines news
Technical Analysis Summary Intel: Buy
| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Neutral | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
Chart Analysis
The technical analysis of the Intel stock price chart on 4-hour timeframe shows #S-INTC,H4 is rebounding toward the 200-period moving average MA(200) after hitting 14-week low five days ago. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 43.58. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 42.08. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (42.08) without reaching the order (43.58), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of -
China has issued guidelines blocking the use of Intel and AMD chips in government computers. Will the Intel stock price continue rebounding?
China has introduced guidelines to phase out US microprocessors from Intel and AMD from government personal computers and servers. The procurement guidance also aims to replace Microsoft's Windows operating system and foreign-made database software by domestic products, according the reports. Earlier in late December China's industry ministry issued a statement with three separate lists of CPUs, operating systems and centralized database deemed "safe and reliable" for three years after the publication date, all from Chinese companies. Expected decline of Intel’s revenue from processor sales due to Chinese restrictions on use of Intel processors in government personal computers and servers is bearish for Intel stock price. However, the current setup is bullish for the stock price.