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Archive - 3/15/2024 - Sign In to see current Signals. |
KLA-Tencor Corp. (KLAC) Technical Analysis
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| Summary:
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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.
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