Intel Stock Charts Suggests Bearish Trend, Fundamentals Hint At Potential Rebound

Intel Corp‘s INTC stock plunged 59% over the past year, leaving investors to question whether the company is facing a long-term decline or gearing up for a rebound. Chart created using Benzinga ProTechnically, the signals are stark. Intel stock is trading below its eight, 20, 50, and 200-day simple moving averages, implying deep bear territory. The company’s moving average convergence/divergence (MACD) indicator is at a negative 1.05, implying negative trading momentum towards Intel stock. Further, the rela ...