Intel suffers negative pressures - Analysis - 13-12-2021

Intel's stock (INTC) rose 0.22% in the last session, settling at 50.59, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Therefore we expect the stock to return lower, targeting the pivotal support of 47.80, provided it settles below 51.95. 

Expected trend for today: Bearish