LAM RESEARCH CORP. - Daily - Technical analysis published on 12/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 712.12 USD
My targets
766.25 USD (+4.83%)
818.53 USD (+11.98%)
My analysis
LAM RESEARCH CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 712.12 USD. The next resistance located at 766.25 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 818.53 USD. After this resistance, buyers could then target 908.07 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LAM RESEARCH CORP. rating 730.97 USD. The price is lower by -0.04% since the last closing and was traded between 729.24 USD and 736.44 USD over the period. The price is currently at +0.24% from its lowest and -0.74% from its highest.729.24
736.44
730.97
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LAM RESEARCH CORP.:
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 Daily chart of LAM RESEARCH 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 is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 625.23 | 647.71 | 712.12 | 730.97 |
| Change (%) | -14.47% | -11.39% | -2.58% | - |
| Change | -105.74 | -83.26 | -18.85 | - |
| Level | Intermediate | Major | Major | - |
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 | 714.28 | 720.69 | 725.97 | 732.38 | 737.66 | 744.07 | 749.35 |
| Camarilla | 728.03 | 729.10 | 730.17 | 731.24 | 732.31 | 733.38 | 734.46 |
| Woodie | 713.71 | 720.41 | 725.40 | 732.10 | 737.09 | 743.79 | 748.78 |
| Fibonacci | 720.69 | 725.16 | 727.92 | 732.38 | 736.85 | 739.61 | 744.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 656.90 | 671.11 | 686.18 | 700.39 | 715.46 | 729.67 | 744.74 |
| Camarilla | 693.21 | 695.89 | 698.58 | 701.26 | 703.94 | 706.63 | 709.31 |
| Woodie | 657.34 | 671.33 | 686.62 | 700.61 | 715.90 | 729.89 | 745.18 |
| Fibonacci | 671.11 | 682.29 | 689.20 | 700.39 | 711.57 | 718.48 | 729.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 482.61 | 534.89 | 624.43 | 676.71 | 766.25 | 818.53 | 908.07 |
| Camarilla | 674.97 | 687.97 | 700.97 | 713.97 | 726.97 | 739.97 | 752.97 |
| Woodie | 501.24 | 544.21 | 643.06 | 686.03 | 784.88 | 827.85 | 926.70 |
| Fibonacci | 534.89 | 589.07 | 622.54 | 676.71 | 730.89 | 764.36 | 818.53 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.48 | |
| MACD (12,26,9): | 17.3700 | |
| Directional Movement: | 20.44 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 727.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 688.42 | |
| Elder Ray (13): | 20.07 | |
| Super Trend (3,10): | 683.25 | |
| Zig ZAG (10): | 731.92 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 89.15 | |
| TEMA (21): | 731.36 | |
| Williams %R (14): | -13.65 | |
| Chande Momentum Oscillator (20): | 10.99 | |
| Repulse (5,40,3): | 1.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4100 | |
| Courbe Coppock: | 3.06 |
| MA7: | 713.22 | |
| MA20: | 711.04 | |
| MA50: | 660.56 | |
| MA100: | 660.08 | |
| MAexp7: | 720.15 | |
| MAexp20: | 703.86 | |
| MAexp50: | 676.91 | |
| MAexp100: | 653.33 | |
| Price / MA7: | +2.49% | |
| Price / MA20: | +2.80% | |
| Price / MA50: | +10.66% | |
| Price / MA100: | +10.74% | |
| Price / MAexp7: | +1.50% | |
| Price / MAexp20: | +3.85% | |
| Price / MAexp50: | +7.99% | |
| Price / MAexp100: | +11.88% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on LAM RESEARCH CORP.. At the time of publication of this analysis, the latest news was as follows:
- Lam Research Corporation Announces Participation at Upcoming Conference
- Lam Research Corporation Declares Quarterly Dividend
- Lam Research Corporation Reports Financial Results for the Quarter Ended September 24, 2023
- Lam Research Corporation Announces September 2023 Quarter Financial Conference Call
- FIRST Global, Title Sponsor Lam Research to Host the World's Most International Innovation Challenge to Inspire Kids in STEM, Future Solutions for Climate Change
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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