Intel announces mixed quarterly results

<p><a href="https://admiralmarkets.com/analytics/traders-blog/results-intel-april-2021"><img data-resize="auto" data-resize="auto" data-resize="auto" style="width:auto;" class="img-responsive" data-src="https://fxmedia.s3.amazonaws.com/articles/mceu_43458374811619174870795.jpg" /></a></p> <p><span>At yesterday&rsquo;s close, the tech giant Intel announced its Q1/2021 results, showing figures that despite exceeding market expectations, have not fully convinced investors of a positive turn. During today&rsquo;s pre-opening, it traded with decreases close to 2.75%, around $60.85 per share, compared to $62.53 dollars at yesterday&rsquo;s close after losing 1.78% during the session.</span></p> <p><span>Specifically, Intel obtained </span><b>earnings per share of $1.39 along with revenue of $19.67 billion,</b><span> versus the $1.14 and $17.78 billion expected. Although it is true that the profit per share exceeds that expected by the market, this is lower than the profit obtained in the results of the same period of time last year, because </span><b>in the first quarter of 2021 the company&rsquo;s profit fell 41%, reaching 3.36 billion dollars</b><span>.</span></p> <p><span>This decline in profit can, in part, be explained by supply problems in semiconductors, which causes a shortage of chips due to the COVID-19 pandemic, generating a decrease in production.</span></p> <p><span>Technically speaking, we can observe that since the middle of last December, the price was following a strong upward trend until reaching levels prior to the beginning of the pandemic, although it has not yet reached its levels of historical maximums.</span></p> <p><span>It is currently in a pullback from the last bullish momentum after hitting annual highs on April 12 that has brought it to the 23.6% fibonacci level, breaking down its 18-session black moving average.</span></p> <p><span>The loss of this support level would open the doors to a possible major correction to the previous lows in the upper red band, this being its next support level, although as we can see the price still has several important supports before reaching its 200 session moving average. As long as the price does not rise above its 18-session moving average, we cannot expect a new bullish momentum.</span></p> <p><span><img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/mceu_27256892321619174939261.png" /></span></p> <p><em><span>Source: Admiral Markets </span></em><a href="https://admiralmarkets.com/trading-platforms/metatrader-5"><em><span>MetaTrader 5</span></em></a><em><span>. Intel daily chart. Data range: from December 19, 2019 to April 23, 2021. Prepared on April 23, 2021 at 10:50 am CEST. Keep in mind that past returns do not guarantee future returns</span></em></p> <p><span>.Price evolution of the last 5 years:</span></p> <ul> <li aria-level="1"><span>2020: -16.76%</span></li> <li aria-level="1"><span>2019: 27.53%</span></li> <li aria-level="1"><span>2018: 1.67%</span></li> <li aria-level="1"><span>2017: 27.27%</span></li> <li aria-level="1"><span>2016: 5.28%</span></li> </ul> <p><span>With the Admiral Markets Trade.MT5 account, you can trade Contracts for Differences (CFDs) of Microsoft and more than 3000 stocks! CFDs allow traders to try to profit from the bull and bear markets, as well as the use of leverage. Click on the following banner to open an account today:</span></p> <p><a href="https://admiralmarkets.com/trading-platforms/metatrader-5"><img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/MT5_CTA-15.png" alt="Trade With MetaTrader 5" /></a></p> <p><b><em>INFORMATION ABOUT ANALYTICAL MATERIALS:</em></b></p> <p><em><span>The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter &ldquo;Analysis&rdquo;) published on the websites of Admiral Markets investment firms operating under the Admiral Markets trademark (hereinafter &ldquo;Admiral Markets&rdquo;) Before making any investment decisions please pay close attention to the following:</span></em></p> <ol> <li aria-level="1"><em><span>This is a marketing communication. 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