2026-02-05
Market Status: INTC showing consolidation at $48-$49 range with price above all major EMAs (9: $48.00, 50: $43.03, 200: $33.81), indicating medium-term bullish structure despite recent weakness.
Technical Indicators: RSI neutral at 49.73, MACD histogram turning more negative (-0.220), suggesting waning momentum. Price action volatile with $4+ intraday ranges.
Pattern Alert: Potential hammer forming on Feb 5 with long lower wick to $46.78 and recovery close, following two bearish days. This suggests buying pressure at lower levels.
Prediction: Tomorrow likely consolidation or slight green candle testing $49-$50 resistance. Week expected to grind sideways to slightly higher as support holds at $46.80-$47.00 level.
Trend: 🐻 SIDEWAYS
Candlestick Pattern: Potential Hammer (Feb 5: Open $47.59, Low $46.78, Close $48.14) following two bearish candles, suggesting potential reversal
Support: 🟢 $46.78 (Feb 5 low and recent swing support)
Resistance: 🔴 $50.86 (Feb 5 high resistance)