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Archive
- 4/19/2024 -
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KLA-Tencor Corp. (KLAC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the KLA-Tencor Corp. (KLAC). During the week, the KLAC dropped -52.62 points, or -7.73%, and closed at 628.16 on Friday, April 19, 2024. KLAC was trading at average weekly trading volume.
 Long-term trend: [See KLAC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 250.20 and reached 729.15 on March 7, 2024. KLAC gained -478.95 points, or -191.43%, in 73 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (500.55) 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 downtrend had started on March 7, 2024 at 729.15 and reached 623.17 on April 19, 2024. KLAC lost 105.98 points, or 14.53%, in 6 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See KLAC weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 21, 2024 at 727.64 and reached 623.17 on April 19, 2024. KLAC lost 104.47 points, or 14.36%, in 29 days. Price is near the trend low.
Daily Technical Indicators: [See KLAC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 8, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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