Verified Investing on $INTC (Nov 2, 2026)
INTC has fallen about 51% in 30 days from $125-$126, giving back much of its 250% gain since the US government's investment. The RSI has been lower before, so the selling may not be over and there may be more downside; the speaker is watching a slightly upward trend line around $56. He also notes an election could prompt a sale of the government's Intel stake regardless of price.
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Now, let's take a look at Intel. Intel is significantly lower. The US government, as you know, has made an investment. It seemed like the smartest choice in the world . That stock made very good gains, at 250%.
And now, we are beginning to lose many of those gains. Therefore, Intel is declining very sharply . I don't know if there is an angle related to the American elections, as this is a company that one side of the political divide was keen to buy on behalf of the American people.
If the other side wins the election, will they look to sell those Intel shares? If they sell at a loss, it will make the other party look less intelligent. If they sell them for a large profit, they can celebrate their victory.
Therefore, it is almost a win-win situation if they sell regardless of price performance. But I'm looking at this trend line here , it's slightly upward. If we continue to fall, this is the area I will be watching for Intel, at around $56. $56 for Intel, which is crazy because the price was $142.
In fact, not too long ago, the price was $126 and on October 1st, a month ago , it was $125. We are talking about a very large drop on the 30-day chart. That's a huge drop of 51%, almost half the value.
Therefore, there are very large sales . We have seen the Relative Strength Index (RSI) fall to levels even lower than these. Therefore, the suffering may not be over yet. There may be more downside, but I'm watching this trend line.
What this channel has said about $INTC
Verified Investing has 13 calls on this stock; only the adjacent ones are shown.