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- 3/15/2024 -
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KLA-Tencor Corp. (KLAC) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergenceBroken trend resistance lineTrend resistance at 688.79
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the KLA-Tencor Corp. (KLAC). During the week, the KLAC dropped -15.31 points, or -2.19%, and closed at 683.90 on Friday, March 15, 2024. Weekly volume was 14% above average.

KLAC is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See KLAC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 250.20 and reached 729.15 on March 7, 2024. KLAC gained -478.95 points, or -191.43%, in 73 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (486.32) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See KLAC medium-term trend chart]
A medium-term uptrend had started on September 27, 2023 at 440.15 and reached 729.15 on March 7, 2024. KLAC gained -289.00 points, or -65.66%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (688.79). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See KLAC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See KLAC short-term trend chart]
A short-term uptrend had started on January 5, 2024 at 542.41 and reached 729.15 on March 7, 2024. KLAC gained -186.74 points, or -34.43%, in 62 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 656.81 and resistance is at 743.71. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See KLAC daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.03
Williams' Percentage Range (W%R) 47.00
Lane's Stochastic (%D-Slow) 29.09
Greed/Fear Indicator (GFI) 44.03
Moving Average Converg./Diverg. (MACD) 21.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.95
Williams' Percentage Range (W%R) 15.30
Overbought
Lane's Stochastic (%D-Slow) 88.57
Overbought Bearish
Greed/Fear Indicator (GFI) 77.35
Moving Average Converg./Diverg. (MACD) 43.53
Trading Signals
Description Value Chart
Weekly Trendline Resistance 743.71
Parabolic System 725.63
Upper Bollinger Band 722.83
Weekly Stochastic Crossing 711.31
Daily Stochastic Crossing 690.87
Monthly Trendline Resistance 688.79
20 Day Moving Average 688.11
Price 683.90
Weekly Trendline Support 656.81
Lower Bollinger Band 640.61
50 Day Moving Average 635.73
Monthly Trendline Support 626.76
Quarterly Trendline Resistance 598.76
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Semiconductor Equipment 106
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 729.15
High Date 03/07/2024
Low 675.11
Low Date 03/11/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 743.71
Support 656.81
Low 542.41
Low Date 01/05/2024
High 729.15
High Date 03/07/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 688.79
Support 626.76
Low 440.15
Low Date 09/27/2023
High 729.15
High Date 03/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 598.76
Support 486.32
Low 250.20
Low Date 10/13/2022
High 729.15
High Date 03/07/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.81
Low Date 11/20/2008
High 729.15
High Date 03/07/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.