Overall KLAC gets a technical rating of 9 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. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 1212.62, a Stop Loss order could be placed below this zone.
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841.50
5 important support areas can be observed.
- A support zone ranging from 1197.53 to 1212.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1149.34 to 1165.63. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 1097.11 to 1097.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1059.35 from a trend line in the daily time frame.
- Support @850.00 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 | 93.84 | POSITIVE | KLAC has a high relative strength, it outperformed 93.84% 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) | 49.23 | NEUTRAL | The RSI value for KLAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.32 | NEGATIVE | The MACD value suggests KLAC has a negative trend. |
| Stochastics (14,3) | 59.88 | NEUTRAL | The Stochastics value for KLAC is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for KLAC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.6 | 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 |
|---|---|---|---|
| 1,245.03 | 1,197.52 | 47.51 (3.82%) | 25.00% |
| An entry @1245.03. This is a Buy Stop order right above the 10 day moving average. | An exit @1197.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 47.51 points, which is 3.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- 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.
1215.08
-28.57 (-2.3%)
KLA CORP / KLAC FAQ
What is the ChartMill technical rating of KLA CORP (KLAC) stock?
ChartMill assigns a technical rating of 9 / 10 to KLAC.
Can you provide the trend direction for KLA CORP?
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 49.2297. This indicates that the stock is currently neutral.
What is the MACD signal for KLA CORP (KLAC) stock?
The MACD indicator for KLA CORP (KLAC) has a value of -2.316, indicating a bearish trend.
What is the short term momentum for KLAC stock?
The short term momentum for KLA CORP (KLAC) is neutral.