LAM RESEARCH CORP (LRCX) Technical Analysis
NASDAQ:LRCX • US5128073062
Current stock price
LRCX Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to LRCX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that LRCX is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by LRCX over the past year are nicely spread over this period.
- LRCX is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 89% of 115 stocks in the same industry.
- LRCX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so LRCX is performing more or less in line with the market.
- LRCX has an average volume of 11979500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month LRCX has a been trading in the 194.08 - 256.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LRCX Weekly and Daily overview Charts
LRCX Setup Rating and Analysis
Although LRCX has an excellent technical rating, the quality of the presented setup is not ideal 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.
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LRCX Support and Resistance Analysis
197.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 208.84 to 212.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 199.32 to 200.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 244.93 to 249.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
LRCX 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 LRCX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LRCX is neutral. |
| ChartMill Relative Strength | 97.9 | POSITIVE | LRCX has a high relative strength, it outperformed 97.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LRCX is above a declining 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) | 52.87 | NEUTRAL | The RSI value for LRCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.98 | POSITIVE | The MACD value suggests LRCX has a positive trend. |
| Stochastics (14,3) | 81.31 | OVERBOUGHT | The high Stochastics value suggests LRCX may be overbought. |
| Average True Range in percent/ATR (20) | 5.17 | HIGH VOLATILITY | The high ATR as a percentage value for LRCX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.24 | NEGATIVE | The low ADX value for LRCX suggests a weak or negative trend. |
LRCX Chart- and CandleStick Pattern Analysis
LRCX Technicals: Chart, Performance Metrics, Trend & Indicators
228.36
-5.63 (-2.41%)
LAM RESEARCH CORP / LRCX TA FAQ
What is the technical rating for LRCX stock?
ChartMill assigns a technical rating of 9 / 10 to LRCX.
What is the current trend direction of LAM RESEARCH CORP (LRCX) stock?
The current trend direction for LAM RESEARCH CORP (LRCX) is Bullish.
What is the RSI signal for LAM RESEARCH CORP (LRCX) stock?
LAM RESEARCH CORP (LRCX) has an RSI value of 52.8719. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LAM RESEARCH CORP?
The MACD indicator for LAM RESEARCH CORP (LRCX) has a value of 0.982727, indicating a bearish trend.
Can you provide the support and resistance levels for LAM RESEARCH CORP?
LAM RESEARCH CORP (LRCX) has a support level at 212.01 and a resistance level at 244.93. Check the full technical report for our detailed analysis of LRCX support and resistance levels.