KLA CORP (KLAC) Stock Technical Analysis
NASDAQ:KLAC - US4824801009 - Common Stock
872 USD
-22 (-2.46%)
872 USD
0 (0%)
We assign a technical rating of 4 out of 10 to KLAC. KLAC has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
KLAC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
KLAC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so KLAC is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, KLAC outperforms 67% of them, which is more or less in line with the market.
KLAC is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 58% of 112 stocks in the same industry.
KLAC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 879.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 870.27, a Stop Loss order could be placed below this zone.
More info and screens
841.50
964.97
We found 2 important support areas.
- A support zone ranging from 864.57 to 870.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @850.00 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 879.03 to 880.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 931.13 to 937.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @955.42 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 | DOWN | NEGATIVE | The short term trend for KLAC is down. |
| ChartMill Relative Strength | 67.74 | NEUTRAL | KLAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KLAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of KLAC is below 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) | 43.51 | NEUTRAL | The RSI value for KLAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.46 | NEGATIVE | The MACD value suggests KLAC has a negative trend. |
| Stochastics (14,3) | 24.99 | NEUTRAL | The Stochastics value for KLAC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for KLAC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.15 | NEGATIVE | The low ADX value for KLAC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
872
-22 (-2.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.46%
1 Week0.2%
2 Weeks-0.34%
1 Month-1.65%
3 Month15.21%
6 Month23.02%
12 Month6.42%
2 Year73.75%
3 Year153.39%
5 Year325.08%
10 Year1640.17%
15 Year3013.17%
Volatility
ATR(14)23.49
ATR(20)%2.83%
ATR Inc-11.45%
Range Today20.19
ADR(20)21.41
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.74
Mansfield0.67
10 Day High897
10 Day Low860.21
20 Day High959.26
20 Day Low860.21
52 Week High959.26
52 Week Low551.33
CS1 End870.27
CR1 Start879.03
Volume & EV
DER(3)-0.74%
DER(5)0.06%
Volume954.30K
Volume Incr-30.98%
Vol(5)745.72K
Vol(50)988.56K