KLA-Tencor Corporation Stock Forecast
Stronger technical forecast for KLA-Tencor Corporation stock price after Thursday trading.
(Updated on May 09, 2024)
The KLA-Tencor Corporation stock price gained 0.501% on the last trading day (Thursday, 9th May 2024), rising from 658.20€ to 661.50€. During the last trading day the stock fluctuated 0.98% from a day low at 661.50€ to a day high of 668.00€. The price has risen in 7 of the last 10 days and is up by 7.75% over the past 2 weeks. Volume fell on the last day by -89 shares and in total, 44 shares were bought and sold for approximately 29.11€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.04% during the next 3 months and, with a 90% probability hold a price between 619.78€ and 710.24€ at the end of this 3-month period.
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KLA.F Signals & Forecast
The KLA-Tencor Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 655.61€ and 639.86€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.81%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Tuesday, May 07, 2024 and based on theory for this formation the price should fall by -14.36% to 566.50€ within 30 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for KLA-Tencor Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at 624.50€ and 601.00€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KLA-Tencor Corporation finds support just below today's level at 624.50€. If this is broken, then the next support from accumulated volume will be at 601.00€ and 598.50€.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 6.50€ between high and low, or 0.98%. For the last week the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: 638.14€ (-3.53%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (KLA.F) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect KLA-Tencor Corporation to open at 663.67€, and during the day (based on 14 day Average True Range), to move between 646.10€ and 676.90€, which gives a possible trading interval of +/-15.40€ (+/-2.33%) up or down from last closing price. If KLA-Tencor Corporation takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 662.00€ (0.08%) than the support at 624.50€ (5.59%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is KLA-Tencor Corporation stock A Buy?
KLA-Tencor Corporation holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.066 Strong Buy Candidate Upgraded
Predicted Opening Price for KLA-Tencor Corporation of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 663.67€ ( 0.328%) | 661.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLA.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 670.17 | 1.31 % | |
| R2 | 667.68 | 0.93 % | ||
| R1 | 666.15 | 0.703 % | ||
| Current price: | 661.50 | |||
| Support | S1 | 661.18 | -0.0478 % | |
| S2 | 659.65 | -0.280 % | ||
| S3 | 657.17 | -0.655 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 666.90 | 0.82 % | |
| R2 | 666.00 | 0.680 % | ||
| R1 | 662.00 | 0.0756 % | ||
| Current price | 661.50 | |||
| Support | S1 | 624.50 | -5.59% | |
| S2 | 601.00 | -9.15% | ||
| S3 | 598.50 | -9.52% |
KLA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | 1.35€ | 0% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 01, 2024 | 1.34€ | 0% |
| 3 | Nov 14, 2023 | Nov 14, 2023 | Nov 14, 2023 | 0€ | 0% |
| 4 | Aug 14, 2023 | Aug 14, 2023 | Aug 14, 2023 | 1.30€ | 0% |
| 5 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 1.30€ | 0% |
FAQ
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