KLAC - KLA-Tencor Corporation

Industry: Semiconductor Equipment & Materials Sector: Technology | Exchange: NASDAQ

Buy Candidate
Buy Score Rank #1305 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
1.76%
PRICE
$100.86
VOLUME
Sell
TREND

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

BOLLINGER
Buy
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KLA-Tencor Corporation Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Buy candidate since 2017-07-25 Gain 1.76%

KLA-Tencor Corporation gained 1.76% in the last trading day, rising from $99.12 to $100.86 The price has risen in 6 of the last 10 days and is up by 3.23% over the past 2 weeks. Volume fell in the last day by -252 417 shares, and in total, 854 382 shares bought and sold for approximately $86.17 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

KLA-Tencor Corporation lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.82% during the next 3 months and, with 90% probability hold a price between $85.70 and $100.96 at the end of this period.

Signals

Only positive signals in the chart today. KLA-Tencor Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $100.43 and $98.20. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 25, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

Relative Strength Index (RSI)

The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

KLA-Tencor Corporation finds support from accumulated volume at . On the upside the stock meets some resistance just above today's level from accumulated volume at $103.59, $101.14 and $104.00.

The stock is about to test the resistance from accumulated volume at $103.59 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $99.17 Price: $100.86 Resistance: $103.59
S: $99.17 Price: $100.86 R: $103.59

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.39 (2.43%) between high and low. For the last week, the stock has had a daily average volatility of 1.73%.

Our recommended stoploss: $96.11 (-4.71%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Buy Candidate

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