1LRCX Technical Analysis - LAM RESEARCH CORP

Technical Rating and Analysis

Taking everything into account, 1LRCX scores 0 out of 10 in our technical rating. 1LRCX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

100% of all other stocks performed better in the past year than 1LRCX.

1LRCX is part of the Semiconductors & Semiconductor Equipment industry. There are 56 other stocks in this industry, of which 87% are performing better than 1LRCX.

In the last month 1LRCX has a been trading in a tight range between %RANGE_LOW% and %RANGE_HIGH%.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LAM RESEARCH CORP / 1LRCX Weekly stock chart

LAM RESEARCH CORP / 1LRCX Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, 1LRCX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 85.01. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

84.15

85.86

We found 1 important resistance area.

A resistance zone ranging from 85.01 to 85.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for 1LRCX.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for 1LRCX.MI is down.
ChartMill Relative Strength	0	NEGATIVE	1LRCX.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Relative Strength Index/RSI (14)	16.33	OVERSOLD	The low RSI value suggests 1LRCX.MI may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-41.28	NEGATIVE	The MACD value suggests 1LRCX.MI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	3.21	OVERSOLD	The low Stochastics value suggests 1LRCX.MI may be oversold.
Average Directional Index/ADX (14)	51.29	POSITIVE	The high ADX value value for 1LRCX.MI suggests a strong trend.