LAM RESEARCH CORP (LRCX) Stock Technical Analysis
NASDAQ:LRCX - Nasdaq - US5128073062 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to LRCX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LRCX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
LRCX 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 LRCX has a been trading in the 87.75 - 102.03 range, which is quite wide. It is currently trading near the high of this range.
LRCX has an average volume of 10015100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that LRCX is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
LRCX is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, LRCX did better than 68% of them.
LRCX has an excellent technical rating, but the quality of the setup is only medium 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
57.82
102.75
We found 2 important support areas.
- A support zone ranging from 99.20 to 99.61. 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.
2 important resistance areas can be observed.
- Resistance @99.85 from a trend line in the daily time frame.
- Resistance @101.73 from a horizontal 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 LRCX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LRCX is up. |
| ChartMill Relative Strength | 86.73 | POSITIVE | LRCX has a high relative strength, it outperformed 86.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LRCX is above 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) | 66.92 | NEUTRAL | The RSI value for LRCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests LRCX has a negative trend. |
| Stochastics (14,3) | 88.63 | OVERBOUGHT | The high Stochastics value suggests LRCX may be overbought. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for LRCX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.87 | POSITIVE | The high ADX value value for LRCX 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)
99.62
-2.11 (-2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.07%
1 Week1.51%
2 Weeks2.49%
1 Month8.68%
3 Month56.24%
6 Month24.06%
12 Month8.62%
2 Year38.65%
3 Year99.04%
5 Year164.13%
10 Year1195.95%
15 Year2261.22%
Volatility
ATR(14)2.09
ATR(20)%2.47%
ATR Inc0.67%
Range Today2.22
ADR(20)2.23
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.73
Mansfield1.61
10 Day High102.03
10 Day Low94.49
20 Day High102.03
20 Day Low87.75
52 Week High102.03
52 Week Low56.32
CS1 End99.61
CR1 Start99.85
Volume & EV
DER(3)2.51%
DER(5)1.4%
Volume12.94M
Volume Incr-19.18%
Vol(5)8.52M
Vol(50)10.02M