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Semiconductor Equipment Industry Stocks Technical Analysis - KLAC

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- 11/8/2024 -
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KLA-Tencor Corp. (KLAC) Technical Analysis

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Summary:
Weekly :Overbought sectorOversold industryWilliams' Percentage Range is oversold
Daily :Broken trend resistance lineWilliams' Percentage Range is oversoldDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the KLA-Tencor Corp. (KLAC). During the week, the KLAC gained 17.00 points, or 2.54%, and closed at 686.40 on Friday, November 8, 2024. It was the best weekly gain since September 27, 2024. Weekly volume was 12% above average.

KLAC is a member of Information Technology Sector. Information Technology is the most overbought sector. KLAC is a member of Semiconductor Equipment Industry. Semiconductor Equipment is the second most oversold industry. 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 896.32 on July 11, 2024. KLAC gained -646.12 points, or -258.24%, in 91 weeks. The price is now at the 32.49% retracement level.

Medium-term trend: [See KLAC medium-term trend chart]
A medium-term downtrend had started on July 11, 2024 at 896.32 and reached 648.00 on August 5, 2024. KLAC lost 248.32 points, or 27.70%, in 3 weeks. The price is now at the 15.46% retracement level.

Weekly Technical Indicators: [See KLAC weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 July 19, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See KLAC short-term trend chart]
A short-term downtrend had started on October 14, 2024 at 833.00 and reached 654.65 on October 23, 2024. KLAC lost 178.35 points, or 21.41%, in 9 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (657.35) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.

Daily Technical Indicators: [See KLAC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 56.15
Williams' Percentage Range (W%R) 80.40
Oversold
Lane's Stochastic (%D-Slow) 43.74
Greed/Fear Indicator (GFI) 39.83
Moving Average Converg./Diverg. (MACD) -22.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.01
Williams' Percentage Range (W%R) 83.20
Oversold
Lane's Stochastic (%D-Slow) 24.86
Greed/Fear Indicator (GFI) 27.85
Moving Average Converg./Diverg. (MACD) 16.76
Trading Signals
Description Value Chart
Upper Bollinger Band 764.34
50 Day Moving Average 731.05
Price 686.40
20 Day Moving Average 684.51
Weekly Stochastic Crossing 678.65
Daily Stochastic Crossing 675.56
Weekly Trendline Support 657.35
Parabolic System 655.56
Lower Bollinger Band 623.59
Weekly Trendline Resistance 603.96
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Semiconductor Equipment 2
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 700.40
High Date 10/29/2024
Low 656.00
Low Date 10/31/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 603.96
Support 657.35
High 833.00
High Date 10/14/2024
Low 654.65
Low Date 10/23/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 896.32
High Date 07/11/2024
Low 648.00
Low Date 08/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 250.20
Low Date 10/13/2022
High 896.32
High Date 07/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.81
Low Date 11/20/2008
High 896.32
High Date 07/11/2024
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.