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KLAC - KLA-Tencor Corporation

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

Fri 19'th Jan 2018

PERIOD 2017-10-20 - 2018-01-19
CHANGE 0.32%
PRICE $115.02
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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KLA-Tencor Corporation Stock Analysis

Technical stock analysis for Fri 19'th Jan 2018

Shorts 1.95% ( 2017-12-29 )
Cash 8 776.7 mill
Loans 8 660.1 mill
Beta 1.59
ROA 19.26
Buy candidate since 2018-01-11 Gain 8.26%

KLA-Tencor Corporation gained 0.32% in the last trading day, rising from $114.65 to $115.02 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 6.94% over the past 2 weeks. Volume fell in the last day by -357 906 shares, and in total, 964 937 shares bought and sold for approximately $110.99 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.

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Trend

KLA-Tencor Corporation has broken the wide and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $113.75, a level that may pose a second chance to hit a runner. According to fan-theory $124.82 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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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 $110.09 and $106.95. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 11, 2018, 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.

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Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

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Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $103.87 and $102.24. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

There is 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 $103.87. If this is broken, then the next support from accumulated volume will be at $102.24 and $100.35.

Support: $103.87 Price: $115.02

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 $1.53 (1.35%) between high and low. For the last week, the stock has had a daily average volatility of 2.78%.

Since the KLA-Tencor Corporation has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $111.07 (-3.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rising rate. We can 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 period. Due to a possible false trend-break a pure Buy Recommendation is held back. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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