The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/5/2024 -
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Lam Research (LRCX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :
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It was the negative week for the Lam Research (LRCX). During the week, the LRCX gave back -2.99 points, or -0.31%, and closed at 968.58 on Friday, April 5, 2024. Weekly volume was -27% below average.

LRCX is a member of Information Technology Sector. Information Technology is the second 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 LRCX long-term trend chart]
A long-term uptrend had started on November 20, 2008 at 14.72 and reached 1007.39 on March 7, 2024. LRCX gained -992.67 points, or -6743.68%, in 798 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (164.25) 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 LRCX medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 299.59 and reached 1007.39 on March 7, 2024. LRCX gained -707.80 points, or -236.26%, in 73 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (757.33) 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 LRCX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See LRCX short-term trend chart]
A short-term downtrend had started on March 21, 2024 at 1004.30 and reached 944.00 on April 4, 2024. LRCX lost 60.30 points, or 6.00%, in 14 days. The price is now at the 40.76% retracement level.

Daily Technical Indicators: [See LRCX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 7, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.74
Williams' Percentage Range (W%R) 38.90
Lane's Stochastic (%D-Slow) 46.79
Greed/Fear Indicator (GFI) 58.21
Moving Average Converg./Diverg. (MACD) 16.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.63
Williams' Percentage Range (W%R) 11.80
Overbought
Lane's Stochastic (%D-Slow) 80.99
Overbought
Greed/Fear Indicator (GFI) 77.11
Moving Average Converg./Diverg. (MACD) 72.21
Trading Signals
Description Value Chart
Monthly Trendline Resistance 1093.27
Monthly Trendline Support 1000.64
Upper Bollinger Band 999.98
Weekly Stochastic Crossing 971.23
Price 968.58
Daily Stochastic Crossing 966.79
20 Day Moving Average 954.53
Quarterly Trendline Resistance 942.90
Parabolic System 936.70
50 Day Moving Average 922.87
Lower Bollinger Band 913.00
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Semiconductor Equipment 99
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1004.30
High Date 03/21/2024
Low 944.00
Low Date 04/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 905.60
Low Date 03/15/2024
High 1004.30
High Date 03/21/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 1093.27
Support 1000.64
Low 574.42
Low Date 10/31/2023
High 1007.39
High Date 03/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 942.90
Support 757.33
Low 299.59
Low Date 10/13/2022
High 1007.39
High Date 03/07/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 359.86
Support 164.25
Low 14.72
Low Date 11/20/2008
High 1007.39
High Date 03/07/2024
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.