StockCharts TV on $INTC (Nov 6, 2026)
Intel is oversold after last week's heavy blow and huge downward gap, but it can hold low daily RSI readings without bouncing back; a drop does not necessarily mean Intel is cheap or that it should be bought here.
Jump to any passage
We can certainly take a look at Intel. I suffered a very heavy blow last week. A huge downward gap. Right now, we are definitely in an oversold position here. Regarding monitoring, if you tend to try to buy at the bottom, you will want to monitor that chart throughout the day.
In particular, we will take a look at that one-hour chart. This will be one of several ways you can stay informed, but what you will notice with Intel is that it can have low daily Relative Strength Index (RSI) readings in an oversold position and not bounce back.
So, in this case, a drop and exit from the market does not necessarily mean that stocks are cheap, nor does it necessarily mean that you should invest your money here.