Intel Rose 200%+ in Six Weeks. Here's What Its Chart Says NowIntel CorporationBATS:INTCmoomooIntel INTC has eased slightly recently, but hit an all-time high in May after an almost parabolic run that saw the stock gain 226.7% in six weeks. What do the chip designer/silicon foundry's chart and fundamentals say could happen next? Let's take a look: Intel's Fundamental Analysis It's certainly been a wild ride for INTC shareholders over the past few months. The stock has been trading in the $110s and $120s over the past month or so even though incredibly, Intel was only in the $40s as recently as early April. What's caught my eye has been the stock's volatile price action over recent sessions. For example, INTC gave up 11.3% on Friday, June 5, alone -- dragged lower with the entire semiconductor group after Broadcom AVGO reported earnings that Wall Street took poorly. But one session later on Monday, June 8, Intel rallied back 11.2% on a report that both Nvidia NVDA and Alphabet GOOGL were considering using Intel as a back-up to Taiwan Semiconductor TSM to meet their respective foundry needs. Tech publication The Information reported that due to increasing capacity issues at Taiwan Semi, Alphabet had placed a big order with Intel. Alphabet GOOG also reportedly asked Intel to build it more than 3 million tensor processing units (or TPUs) in 2028. The Information said Alphabet decided to use Intel's foundry to manufacture the TPUs after months of testing INTC's technology. (Nvidia has apparently not yet placed an order with Intel, but is still testing said technology.) Intel's Technical Analysis Now let's go to Intel's year-to-date chart, running through Tuesday afternoon (June 9): This chart first shows that INTC traded sideways in a flat-base pattern (also known as a "rectangle") from last October to mid-April. Marked with three heavy black lines at the chart's left, this pattern often signals a breakout. However, the signal is non-directional, meaning the stock can break out either up or down. Well, a breakout finally did occur in April -- and we now know its direction was to the upside ... in a big way. That said, Intel left an unfilled gap in late April, marked with an orange oval in the chart above. The stock might have to revisit this gap at some point, but probably not today. Readers will next see that Intel has traded lower since apexing on May 11, but has swung up and down and only fallen slightly. I interpret this activity as a bull-flag pattern, marked with purple shading at the chart's right. Pro traders usually see bull flags as patterns of bullish trend continuance. However, bull flags also historically represent a short- to medium-term pause or period of temporary consolidation after a sharp price rise. In theory, this comes ahead of a resumption of a stock's upward momentum. I tend to use the closing price of a day when a stock hits a recent high as my pivot point for bull-flag patterns. That would be $129 in the chart above vs. the $119.32 that Intel was trading at Tuesday morning. Looking at Intel's other technical indicators in the chart above, the stock's Relative Strength Index (or "RSI," marked with the gray line at the chart's top) has regained the neutral line. This happened just as the stock's share price regained its 21-day Exponential Moving Average (or "EMA," marked with a squiggly green line above). That might move the swing crowd to consider getting back on board with the stock. That said, Intel's daily Moving Average Convergence Divergence indicator (or "MACD," denoted by blue bars, a black line and a gold line at the chart's bottom) isn't postured all that bullishly. Still, the histogram of the 9-day EMA (the blue bars) has at least worked its way back up towards the zero-bound. Similarly, Intel's 12-day EMA (the black line) appears to be pushing its way back up towards the stock's 26-day EMA (the gold line), with both lines above zero. If the 12-day line manages to cross over the 26-day line (with both remaining above zero, that would be a medium-term bullish signal as well. (Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle was long INTC, NVDA and TSM at the time of writing this column.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. 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