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KLA-Tencor Corp. (KLAC) |
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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 37.55 points, or 8.86%, and closed at 461.19 on Friday, May 26, 2023. Weekly volume was -11% below 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 465.00 on May 26, 2023. KLAC gained -214.80 points, or -85.85%, in 32 weeks. The chart has formed a Falling Channel chart pattern. The uptrend resistance line (353.01) 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 April 26, 2023 at 355.88 and reached 465.00 on May 26, 2023. KLAC gained -109.12 points, or -30.66%, in 4 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (416.51) 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 medium-term trend.
 Weekly Technical Indicators: [See KLAC weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 May 24, 2023 at 404.80 and reached 465.00 on May 26, 2023. KLAC gained -60.20 points, or -14.87%, in 2 days. The price is now at the 6.33% retracement level.
Daily Technical Indicators: [See KLAC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 27, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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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