KLA CORP (KLAC) Stock Technical Analysis
NASDAQ:KLAC - Nasdaq - US4824801009 - Common Stock - Currency: USD
Overall KLAC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, KLAC is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
KLAC is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 81% of 110 stocks in the same industry.
KLAC is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so KLAC is leading the market.
In the last month KLAC has a been trading in the 740.44 - 879.15 range, which is quite wide. It is currently trading near the high of this range.
KLAC has an average volume of 1338930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, KLAC did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although KLAC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
586.20
876.35
When analyzing the support we can see 4 important areas.
- A support zone ranging from 799.51 to 804.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 749.08 to 756.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @702.80 from a horizontal line in the daily time frame.
- Support @592.12 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for KLAC is up. |
| ChartMill Relative Strength | 79.61 | POSITIVE | KLAC has a high relative strength, it outperformed 79.61% 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) | 71.91 | OVERBOUGHT | The high RSI value suggests KLAC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.22 | POSITIVE | The MACD value suggests KLAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.86 | OVERBOUGHT | The high Stochastics value suggests KLAC may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for KLAC suggests some volalility. |
| Average Directional Index/ADX (14) | 31.98 | POSITIVE | The high ADX value value for KLAC suggests a strong 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)
867.67
-7.33 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.84%
1 Week7.38%
2 Weeks14.64%
1 Month7.65%
3 Month21.69%
6 Month32.72%
12 Month5.19%
2 Year78.89%
3 Year171.93%
5 Year346.15%
10 Year1443.62%
15 Year3012.16%
Volatility
ATR(14)22.26
ATR(20)%2.49%
ATR Inc-30.06%
Range Today19.51
ADR(20)19.93
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.61
Mansfield1.41
10 Day High879.16
10 Day Low751.96
20 Day High879.16
20 Day Low740.44
52 Week High896.32
52 Week Low551.33
CS1 End804.34
CR1 StartN/A
Volume & EV
DER(3)-3.29%
DER(5)-1.97%
Volume1.83M
Volume Incr30.43%
Vol(5)1.52M
Vol(50)1.34M