INTEL stock price can rebound 3.5% to $38.5 dollars

The 1h time scale chart of INTEL shares seems oversold in the near term and could find a technical rebound point, INTEL stock price can have a 3% rebound $38.15 dollars per share. The semiconductor chipmaker should benefit from the recent Congress decision about semiconductor production, that should stabilize supply or raw material and improve R&D.
INTEL CORP has seen stock price discounting -32.4% of its future cashflow, other metrics: $4.68 EPS, dividends $0.36 dividend yield 4%, with a low P/E ratio 7.8 and a low Beta 0.67, INTEL stock could be a valuable opportunity if the semiconductor industry would switch supply chain and R&D out of Asia.