KLAC Technical Analysis - KLA CORP

Technical Rating and Analysis

Overall KLAC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, KLAC has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that KLAC is one of the better performing stocks in the market, outperforming 84% of all stocks.

KLAC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month KLAC has a been trading in the 832.24 - 1076.79 range, which is quite wide. It is currently trading near the high of this range.

KLAC is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 68% of 112 stocks in the same industry.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although KLAC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

841.50

1,080.28

When analyzing the support we can see 4 important areas.

A support zone ranging from 1044.80 to 1046.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 906.75 to 925.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @875.05 from a trend line in the daily time frame.
Support @850.00 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for KLAC is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for KLAC is up.
ChartMill Relative Strength	84.41	POSITIVE	KLAC has a high relative strength, it outperformed 84.41% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of KLAC is above 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)	76.95	OVERBOUGHT	The high RSI value suggests KLAC may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	15.89	POSITIVE	The MACD value suggests KLAC has a positive trend.
Stochastics (14,3)	89.15	OVERBOUGHT	The high Stochastics value suggests KLAC may be overbought.
Average True Range in percent/ATR (20)	2.47	MEDIUM VOLATILITY	The ATR as a percentage value for KLAC suggests some volalility.
Average Directional Index/ADX (14)	27.1	POSITIVE	The high ADX value value for KLAC suggests a strong trend.