(Finance) – Session not for intelwhich exhibits a negative percentage change of 6.83%, after announcing disappointing 2022 results and launching a profit warning.
The chip giant reported fourth-quarter revenue of $14 billion, down 32% year-over-year, and announced a net loss of $664 million, versus $4.6 billion in profit a year earlier while l ‘EPS was 10 cents against the 20 cents expected. The full year generated a turnover of 63 billion, down 20% and below the consensus of 67 billion, while profit more than halved to 8 billions of dollars.
The guidance on was also the best: the group expects a net loss of 15 cents and a turnover of 10.5-11.5 billion, against a profit of 24 cents and a turnover of 14 billion expected by analysts.
The technical scenario seen in one week of the title compared to the index FTSEMIBshows a slowdown in the trend of major chip maker compared to main index of the Milan Stock Exchangemaking the stock a potential target for investors to sell.
Signs of strengthening for the short-term trend with more immediate resistance seen at 25.67 Euros, with a level of support controlling the current phase estimated at 24.76. The balanced bullish strength of intel it is supported by the upward crossing of the 5-day moving average over the 34-day moving average. Due to the technical implications assumed, we should see a continuation of the bullish phase towards 26.58.