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Archive
- 11/8/2024 -
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Lam Research (LRCX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Lam Research (LRCX). During the week, the LRCX gained 3.41 points, or 4.56%, and closed at 78.21 on Friday, November 8, 2024. Weekly volume was 330% above average.
LRCX is a member of Information Technology Sector. Information Technology is the most overbought sector. LRCX 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 LRCX long-term trend chart]
A long-term uptrend had started on November 20, 2008 at 14.72 and reached 1130.00 on July 11, 2024. LRCX gained -1115.28 points, or -7576.63%, in 816 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (170.55) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See LRCX medium-term trend chart]
A medium-term downtrend had started on July 11, 2024 at 1130.00 and reached 71.43 on October 22, 2024. LRCX lost 1058.57 points, or 93.68%, in 14 weeks. The chart has formed a Falling Channel chart pattern. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See LRCX weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and 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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See LRCX short-term trend chart]
A short-term uptrend had started on October 31, 2024 at 73.45 and reached 79.47 on November 7, 2024. LRCX gained -6.02 points, or -8.20%, in 7 days. The price is now at the 20.93% retracement level.
 Daily Technical Indicators: [See LRCX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 17, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 15.24% on Friday. It is 86.31% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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