LAM RESEARCH CORP.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	LRCX
ISIN:

LAM RESEARCH CORP. - 1H - Technical analysis published on 05/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 915.61 USD

My targets

882.27 USD (-1.23%)

866.63 USD (-2.98%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LAM RESEARCH CORP. as long as the price remains well below 915.61 USD. The sellers' bearish objective is set at 882.27 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 866.63 USD. In case of crossing, the next objective would be the support located at 794.00 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LAM RESEARCH CORP. rating is 893.23 USD. The price is lower by -0.13% since the last closing and was traded between 863.95 USD and 899.90 USD over the period. The price is currently at +3.39% from its lowest and -0.74% from its highest.

863.95

899.90

893.23

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of LAM RESEARCH CORP. indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish 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.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	794.00	866.63	882.27	893.23	894.30	915.61	951.63
Change (%)	-11.11%	-2.98%	-1.23%	-	+0.12%	+2.51%	+6.54%
Change	-99.23	-26.60	-10.96	-	+1.07	+22.38	+58.40
Level	Minor	Major	Intermediate	-	Minor	Minor	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	840.12	867.02	880.72	907.62	921.32	948.22	961.92
Camarilla	883.25	886.97	890.69	894.41	898.13	901.85	905.58
Woodie	833.51	863.72	874.11	904.32	914.71	944.92	955.31
Fibonacci	867.02	882.53	892.11	907.62	923.13	932.71	948.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	806.84	832.41	878.89	904.46	950.94	976.51	1,022.99
Camarilla	905.56	912.16	918.77	925.37	931.98	938.58	945.18
Woodie	817.30	837.64	889.35	909.69	961.40	981.74	1,033.45
Fibonacci	832.41	859.93	876.94	904.46	931.98	948.99	976.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	690.45	774.22	834.31	918.08	978.17	1,061.94	1,122.03
Camarilla	854.85	868.04	881.22	894.41	907.60	920.78	933.97
Woodie	678.62	768.30	822.48	912.16	966.34	1,056.02	1,110.20
Fibonacci	774.22	829.17	863.12	918.08	973.03	1,006.98	1,061.94

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):	46.38
MACD (12,26,9):	-8.2400
Directional Movement:	-3.64
AROON (14):	-64.28
DEMA (21):	887.60
Parabolic SAR (0,02-0,02-0,2):	864.59
Elder Ray (13):	4.97
Super Trend (3,10):	895.76
Zig ZAG (10):	894.45
VORTEX (21):	0.8600
Stochastique (14,3,5):	32.13
TEMA (21):	879.16
Williams %R (14):	-54.38
Chande Momentum Oscillator (20):	-23.07
Repulse (5,40,3):	1.6000
ROCnROLL:	-1
TRIX (15,9):	-0.0800
Courbe Coppock:	9.04

MA7:	902.85
MA20:	926.48
MA50:	941.51
MA100:	871.78
MAexp7:	886.63
MAexp20:	896.13
MAexp50:	903.03
MAexp100:	913.01
Price / MA7:	-1.07%
Price / MA20:	-3.59%
Price / MA50:	-5.13%
Price / MA100:	+2.46%
Price / MAexp7:	+0.74%
Price / MAexp20:	-0.32%
Price / MAexp50:	-1.09%
Price / MAexp100:	-2.17%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on LAM RESEARCH CORP. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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