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Downtrend Broken Resist.Archive
- 1/10/2025 -
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KLA-Tencor Corp. (KLAC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the KLA-Tencor Corp. (KLAC). During the week, the KLAC gained 26.10 points, or 3.97%, and closed at 683.10 on Friday, January 10, 2025. It was the best weekly gain since September 13, 2024. Weekly volume was 36% above average.
KLAC is a member of Information Technology Sector. Information Technology is the 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 896.32 on July 11, 2024. KLAC gained -646.12 points, or -258.24%, in 91 weeks. The price is now at the 33.00% 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 609.40 on November 19, 2024. KLAC lost 286.92 points, or 32.01%, in 18 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (603.08) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. KLAC may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See KLAC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 19, 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 December 30, 2024 at 626.60 and reached 705.90 on January 7, 2025. KLAC gained -79.30 points, or -12.66%, in 8 days. The price is now at the 28.75% retracement level.
 Daily Technical Indicators: [See KLAC daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 Lane's Stochastic help.
The daily MACD line is above its signal line since December 20, 2024. This is an indication that the short-term trend is up.
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