(Finance) – Weak performance for intelwhich presents a negative percentage change of 0.34% compared to the previous session, despite the fact that the semiconductor company has announced a $4.6 billion investment for new plant in Poland.
The site will create 2,000 jobs and guarantee thousands more jobs in the construction phase of the facility and in feeding the supply chains. The plant is expected to be operational in 2027.
The comparison of the title with the Dow Joneson a weekly basis, shows the greatest relative strength of the major chip maker compared to the index, highlighting the concrete attractiveness of the stock by buyers.
The short-term technical status of intel highlights a broadening of the positive performance of the curve with the first resistance area identified at USD 36.25. Risk of a possible correction up to the target of 35.37. The expectations are for an increase of the uptrendline towards the resistance area 37.14.