I would bet that the charts agree. Let's check the charts and indicators for this member of the Dow Industrials.
In this daily bar chart of INTC, below, we can see how quickly an uptrend can be reversed. INTC rallied from December to the middle of April with only shallow dips or corrections, but a gap to the downside changed that all too quickly.
INTC gapped below the cresting 50-day moving average line and then continued lower to also gap below the declining 200-day moving average line.
The daily On-Balance-Volume (OBV) line has declined sharply in recent weeks, telling us that sellers of INTC have become aggressive.
The Moving Average Convergence Divergence (MACD) oscillator is well below the zero line so any possible buy signal appears to be a long way off.
In this weekly bar chart of INTC, below, we can see that a weekly close below $44 will break the bottom of key support and open the way to further declines to around next support in $36 area. Prices are below the declining 40-week moving average line.
The weekly OBV line has turned lower and the MACD oscillator on this longer time frame gave a take profits sell signal.
In this Point and Figure chart of INTC, below, we can see that a potential downside price target of $29-$28 has been generated. This would mean that support in the $36 area would be broken.
Bottom line strategy: The charts of INTC are weak and the indicators have yet to give any sign of a low or bottom. Remain defense. A weekly close below $44 is likely to precipitate further declines in the weeks ahead.