$399.17 (0.793%)

Volume: 1.055M

Closed: Mar 31, 2023

Hollow Logo Score: 2.437
KLA Corporation Stock
$399.17 (0.793%)

Volume: 1.055M

Closed: Mar 31, 2023

Score Hollow Logo 2.437

KLA Corporation Stock Forecast

Updated Fri, Mar 31, 2023
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

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Green day on Friday for KLA Corporation stock after gaining 0.793%
(Updated on Mar 31, 2023)

Buy candidate since 2023-03-29 Gain 3.64% PDF

The KLA Corporation stock price gained 0.793% on the last trading day (Friday, 31st Mar 2023), rising from $396.03 to $399.17. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.78% from a day low at $392.89 to a day high of $399.88. The price has been going up and down for this period, and there has been a 2.95% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 72 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $421.17 million.

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The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $403.19 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.92% during the next 3 months and, with a 90% probability hold a price between $328.60 and $371.26 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

KLAC Signals & Forecast

Mostly positive signals in the chart today. The KLA 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 $384.18 and $383.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 13, 2023, and so far it has risen 9.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

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Support, Risk & Stop-loss for KLA Corporation stock

KLA Corporation finds support from accumulated volume at $387.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $7.00 (1.78%) between high and low. For the last week, the stock has had daily average volatility of 2.41%.

Our recommended stop-loss: $381.01 (-4.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (KLAC) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect KLA Corporation to open at $397.31, and during the day (based on 14 day Average True Range), to move between $386.09 and $412.25, which gives a possible trading interval of +/-$13.08 (+/-3.28%) up or down from last closing price. If KLA Corporation takes out the full calculated possible swing range there will be an estimated 6.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $399.37 (0.05%) than the support at $387.75 (2.86%), 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 Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.437 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for KLA Corporation of Monday, April 3, 2023

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

Fair opening price April 3, 2023 Current price
$397.31 $399.17 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 404.31 1.29 %
R2 401.63 0.617 %
R1 399.98 0.204 %
Current price: 399.17
Support S1 394.64 -1.13 %
S2 392.99 -1.55 %
S3 390.32 -2.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 409.77 2.66 %
R2 408.33 2.29 %
R1 399.37 0.0501 %
Current price 399.17
Support S1 387.75 -2.86%
S2 387.68 -2.88%
S3 378.34 -5.22%


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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

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 2023-03-31, the price of an KLA Corporation (KLAC) share was $399.17.

What is the 52-week high and low for KLA Corporation Stock?
The 52-week high for KLA Corporation Stock is $429.46 and the 52-week low is $250.20.

What is the market capitalization of KLA Corporation Stock?
As of the 2023-03-31, the market capitalization of KLA Corporation is 56.598B.

When is the next earnings date for KLA Corporation?
The upcoming earnings date for KLA Corporation is 2023-04-27 00:00:00.

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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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