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Downtrend Broken Resist.Archive
- 5/3/2024 -
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KLA-Tencor Corp. (KLAC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the KLA-Tencor Corp. (KLAC). During the week, the KLAC dropped -9.67 points, or -1.37%, and closed at 696.59 on Friday, May 3, 2024. KLAC was trading at average weekly trading volume.
 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 (506.48) 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 downtrend had started on March 7, 2024 at 729.15 and reached 623.17 on April 19, 2024. KLAC lost 105.98 points, or 14.53%, in 6 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 602.47 and resistance is at 723.11. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See KLAC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. 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 April 19, 2024 at 623.17 and reached 717.73 on April 30, 2024. KLAC gained -94.56 points, or -15.17%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See KLAC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 25, 2024. This is an indication that the short-term trend is up.
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