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AI Analysis of KLAC
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KLA Corporation stock price down 2.24% on Thursday
(Updated on Apr 18, 2024)

Sell candidate since Apr 12, 2024 Loss -5.37% PDF

The KLA Corporation stock price fell by -2.24% on the last day (Thursday, 18th Apr 2024) from $658.98 to $644.22. During the last trading day the stock fluctuated 2.55% from a day low at $642.02 to a day high of $658.41. The price has been going up and down for this period, and there has been a -4.24% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -195 thousand shares and in total, 897 thousand shares were bought and sold for approximately $577.85 million.

Given the current short-term trend, the stock is expected to rise 13.59% during the next 3 months and, with a 90% probability hold a price between $731.76 and $870.24 at the end of this 3-month period.

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KLAC Signals & Forecast

There are few to no technical positive signals at the moment. The KLA Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $677.64 and $693.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -10.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for KLA Corporation stock

KLA Corporation finds support from accumulated volume at $641.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $16.39 between high and low, or 2.55%. For the last week the stock has had daily average volatility of 2.99%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KLAC) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect KLA Corporation to open at $648.22, and during the day (based on 14 day Average True Range), to move between $624.10 and $664.34, which gives a possible trading interval of +/-$20.12 (+/-3.12%) up or down from last closing price. If KLA Corporation takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $641.69 (0.39%) than the resistance at $649.80 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

KLA Corporation will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $4.94. We will update the financials statements for KLA Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.60% in the first trading day after earnings release.

Is KLA Corporation stock A Buy?

The KLA Corporation stock holds several negative signals and despite the positive trend, we believe KLA Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.503 Sell Candidate Unchanged

Predicted Opening Price for KLA Corporation of Friday, April 19, 2024

Fair opening price April 19, 2024 Current price
$648.22 ( 0.620%) $644.22

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for KLAC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 664.61 3.16 %
R2 658.35 2.19 %
R1 654.48 1.59 %
Current price: 644.22
Support S1 641.96 -0.351 %
S2 638.09 -0.95 %
S3 631.83 -1.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 683.90 6.16 %
R2 651.77 1.17 %
R1 649.80 0.87 %
Current price 644.22
Support S1 641.69 -0.393%
S2 641.07 -0.489%
S3 599.37 -6.96%

KLAC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 07, 2024 Feb 15, 2024 Mar 01, 2024 $1.45 0.202%
2 Nov 02, 2023 Nov 14, 2023 Dec 01, 2023 $1.45 0.264%
3 Aug 03, 2023 Aug 15, 2023 Sep 01, 2023 $1.30 0.256%
4 Aug 03, 2023 Aug 14, 2023 Sep 01, 2023 $1.30 0.256%
5 May 04, 2023 May 12, 2023 Jun 01, 2023 $1.30 0.287%

FAQ

What is the symbol for KLA Corporation Stock and on which exchange is it traded?
The symbol for KLA Corporation is KLAC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell KLA Corporation Stock?
The KLA Corporation stock holds several negative signals and despite the positive trend, we believe KLA Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy KLA Corporation Stock?
KLA Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy KLA Corporation Stock.

What's the current price of KLA Corporation Stock?
As of the end of day on the 2024-04-18, the price of an KLA Corporation (KLAC) share was $644.22.

What is the 52-week high and low for KLA Corporation Stock?
The 52-week high for KLA Corporation Stock is $729.14 and the 52-week low is $355.89.

What is the market capitalization of KLA Corporation Stock?
As of the 2024-04-18, the market capitalization of KLA Corporation is 87.12B.

When is the next earnings date for KLA Corporation?
The upcoming earnings date for KLA Corporation is Apr 25, 2024.
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About KLA Corporation

KLA KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the... KLAC Profile

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