KLA CORP (KLAC) Stock Technical Analysis
USA - NASDAQ:KLAC - US4824801009 - Common Stock
Overall KLAC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KLAC is showing a nice and steady performance.
Besides having an excellent technical rating, KLAC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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We found 3 important support areas.
- A support zone ranging from 1096.14 to 1106.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @976.29 from a trend line in the daily time frame.
- Support @850.00 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1187.59 to 1208.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1235.29 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for KLAC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KLAC is neutral. |
| ChartMill Relative Strength | 94.32 | POSITIVE | KLAC has a high relative strength, it outperformed 94.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of KLAC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KLAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KLAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.57 | NEUTRAL | The RSI value for KLAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -9.18 | NEGATIVE | The MACD value suggests KLAC has a negative trend. |
| Stochastics (14,3) | 29.4 | NEUTRAL | The Stochastics value for KLAC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for KLAC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.24 | NEGATIVE | The low ADX value for KLAC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1,208.76 | 1,148.70 | 60.06 (4.97%) | 20.13% |
| An entry @1208.76. This is a Buy Stop order right above the resistance zone. | An exit @1148.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 60.06 points, which is 4.97%. | For a 1.00% total portfolio risk, you can invest 20.13% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of KLAC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1161.72
-37.25 (-3.11%)
KLA CORP / KLAC FAQ
What is the ChartMill technical rating of KLA CORP (KLAC) stock?
ChartMill assigns a technical rating of 10 / 10 to KLAC.
What is the trend direction for KLAC stock?
The current trend direction for KLA CORP (KLAC) is Bullish.
Can you provide the RSI signal for KLA CORP?
KLA CORP (KLAC) has an RSI value of 50.5744. This indicates that the stock is currently neutral.
Can you provide the MACD signal for KLA CORP?
The MACD indicator for KLA CORP (KLAC) has a value of -9.18494, indicating a bearish trend.
What is the short term momentum for KLAC stock?
The short term momentum for KLA CORP (KLAC) is neutral.