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. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LRCX is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month LRCX has a been trading in the 79.49 - 91.99 range, which is quite wide. It is currently trading near the high of this range.
LRCX has an average volume of 12390500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, LRCX outperforms 46% of them, which is more or less in line with the market.
LRCX is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, LRCX did better than 65% of them.
LRCX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LRCX is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although LRCX has an excellent technical rating, it does not present a decent entry opportunity 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
91.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 84.70 to 86.05. 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 79.67 to 80.79. 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 90.96 to 91.00. 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 | UP | POSITIVE | The short term trend for LRCX is up. |
| ChartMill Relative Strength | 46.96 | NEUTRAL | LRCX is not amongst the best or worst performers 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) | 72.76 | OVERBOUGHT | The high RSI value suggests LRCX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests LRCX has a positive trend. |
| Stochastics (14,3) | 92.7 | OVERBOUGHT | The high Stochastics value suggests LRCX may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for LRCX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.27 | 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)
90.95
-0.05 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.05%
1 Week7.29%
2 Weeks8.27%
1 Month6.69%
3 Month15.58%
6 Month19.26%
12 Month-12.21%
2 Year41.48%
3 Year113.42%
5 Year181.18%
10 Year1018.01%
15 Year2289.65%
Volatility
ATR(14)2.5
ATR(20)%2.55%
ATR Inc8.14%
Range Today2.12
ADR(20)2.08
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.96
Mansfield0.78
10 Day High91.99
10 Day Low79.49
20 Day High91.99
20 Day Low79.49
52 Week High113
52 Week Low56.32
CS1 End86.05
CR1 Start90.96
Volume & EV
DER(3)0.97%
DER(5)0.38%
Volume10.65M
Volume Incr12.93%
Vol(5)11.01M
Vol(50)12.39M