KLA CORP. - 1H - Technical analysis published on 03/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 687.69 USD
My targets
739.80 USD (+3.27%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on KLA CORP. as long as the price remains well above 687.69 USD. The buyers' bullish objective is set at 739.80 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
KLA CORP. rating 716.35 USD. On the day, this instrument gained +4.99% and was between 688.24 USD and 717.24 USD. This implies that the price is at +4.08% from its lowest and at -0.12% from its highest.688.24
717.24
716.35
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of KLA CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 640.27 | 667.83 | 687.69 | 716.35 |
Change (%) | -10.62% | -6.77% | -4.00% | - |
Change | -76.08 | -48.52 | -28.66 | - |
Level | Intermediate | Major | Intermediate | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 667.47 | 671.15 | 676.73 | 680.41 | 685.99 | 689.67 | 695.25 |
Camarilla | 679.75 | 680.60 | 681.45 | 682.30 | 683.15 | 684.00 | 684.85 |
Woodie | 668.41 | 671.63 | 677.67 | 680.89 | 686.93 | 690.15 | 696.19 |
Fibonacci | 671.15 | 674.69 | 676.88 | 680.41 | 683.95 | 686.14 | 689.67 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 594.24 | 616.71 | 642.76 | 665.23 | 691.28 | 713.75 | 739.80 |
Camarilla | 655.48 | 659.93 | 664.37 | 668.82 | 673.27 | 677.72 | 682.16 |
Woodie | 596.04 | 617.61 | 644.56 | 666.13 | 693.08 | 714.65 | 741.60 |
Fibonacci | 616.71 | 635.24 | 646.69 | 665.23 | 683.76 | 695.21 | 713.75 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 524.10 | 557.89 | 620.10 | 653.89 | 716.10 | 749.89 | 812.10 |
Camarilla | 655.90 | 664.70 | 673.50 | 682.30 | 691.10 | 699.90 | 708.70 |
Woodie | 538.30 | 565.00 | 634.30 | 661.00 | 730.30 | 757.00 | 826.30 |
Fibonacci | 557.89 | 594.57 | 617.22 | 653.89 | 690.57 | 713.22 | 749.89 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 80.47 | |
MACD (12,26,9): | 9.6600 | |
Directional Movement: | 33.31 | |
AROON (14): | 100.00 | |
DEMA (21): | 703.02 | |
Parabolic SAR (0,02-0,02-0,2): | 686.60 | |
Elder Ray (13): | 18.56 | |
Super Trend (3,10): | 699.40 | |
Zig ZAG (10): | 715.38 | |
VORTEX (21): | 1.2400 | |
Stochastique (14,3,5): | 98.85 | |
TEMA (21): | 708.97 | |
Williams %R (14): | -2.92 | |
Chande Momentum Oscillator (20): | 33.57 | |
Repulse (5,40,3): | 1.7000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1100 | |
Courbe Coppock: | 8.79 |
MA7: | 683.57 | |
MA20: | 651.58 | |
MA50: | 609.84 | |
MA100: | 562.33 | |
MAexp7: | 705.70 | |
MAexp20: | 692.28 | |
MAexp50: | 680.28 | |
MAexp100: | 665.11 | |
Price / MA7: | +4.80% | |
Price / MA20: | +9.94% | |
Price / MA50: | +17.47% | |
Price / MA100: | +27.39% | |
Price / MAexp7: | +1.51% | |
Price / MAexp20: | +3.48% | |
Price / MAexp50: | +5.30% | |
Price / MAexp100: | +7.70% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on KLA CORP. at the time of the analysis were as follows:
- KLA Announces Upcoming Investor Webcast
- KLA Declares Regular Cash Dividend
- KLA Corporation Reports Fiscal 2024 Second Quarter Results
- KLA Announces Second Quarter Fiscal Year 2024 Earnings Date
- KLA Announces Upcoming Investor Webcasts
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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