LAM RESEARCH CORP (LRCX) Stock Technical Analysis
NASDAQ:LRCX - Nasdaq - US5128073062 - Common Stock - Currency: USD
Overall LRCX gets a technical rating of 8 out of 10. Both in the recent history as in the last year, LRCX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
LRCX 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 LRCX is lagging the market slightly.
LRCX has an average volume of 10564900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, LRCX did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
LRCX is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 68% of 110 stocks in the same industry.
In the last month LRCX has a been trading in the 90.94 - 102.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
LRCX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 101.20. Right above this resistance zone may be a good entry point.
More info and screens
57.82
102.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 96.37 to 97.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.52 to 94.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 101.20 to 101.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 LRCX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LRCX is neutral. |
| ChartMill Relative Strength | 84.49 | POSITIVE | LRCX has a high relative strength, it outperformed 84.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LRCX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LRCX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LRCX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.93 | NEUTRAL | The RSI value for LRCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests LRCX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.09 | NEUTRAL | The Stochastics value for LRCX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for LRCX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.13 | NEGATIVE | The low ADX value for LRCX 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)
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 |
|---|---|---|---|
| 101.75 | 96.36 | 5.39 (5.30%) | 18.88% |
| An entry @101.75. This is a Buy Stop order right above the resistance zone. | An exit @96.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.39 points, which is 5.30%. | When investing 18.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
98.41
+2.04 (+2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.12%
1 Week-0.21%
2 Weeks-3.27%
1 Month0.28%
3 Month30.59%
6 Month19.53%
12 Month21.81%
2 Year40.11%
3 Year124.73%
5 Year192.59%
10 Year1252.34%
15 Year2625.28%
Volatility
ATR(14)3.09
ATR(20)%2.88%
ATR Inc10.07%
Range Today2.17
ADR(20)2.4
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.49
Mansfield1.35
10 Day High101.12
10 Day Low90.94
20 Day High102.59
20 Day Low90.94
52 Week High102.59
52 Week Low56.32
CS1 End97.58
CR1 Start101.2
Volume & EV
DER(3)0.36%
DER(5)0.46%
Volume11.88M
Volume Incr63.64%
Vol(5)15.19M
Vol(50)10.56M