LAM RESEARCH CORP. - 1H - Technical analysis published on 05/30/2024 (GMT)
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- Timeframe : 1H
- - 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 bearish
Underlying:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 958.59 USD
My targets
947.15 USD (-0.56%)
930.49 USD (-2.31%)
My analysis
The strong short-term decline in LAM RESEARCH CORP. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 958.59 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 947.15 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 930.49 USD as an objective. Crossing it would then enable sellers to target 896.61 USD. Be careful, a return to above 958.59 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.8
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Additional analysis
Quotes
The LAM RESEARCH CORP. rating is 952.48 USD. The price registered a decrease of -0.08% on the session with the lowest point at 941.47 USD and the highest point at 961.18 USD. The deviation from the price is +1.17% for the low point and -0.91% for the high point.941.47
961.18
952.48
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this LAM RESEARCH CORP. chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 896.61 | 930.49 | 947.15 | 952.48 | 958.59 | 974.36 | 990.64 |
| Change (%) | -5.87% | -2.31% | -0.56% | - | +0.64% | +2.30% | +4.01% |
| Change | -55.87 | -21.99 | -5.33 | - | +6.11 | +21.88 | +38.16 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | 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 | 941.07 | 946.55 | 949.89 | 955.37 | 958.71 | 964.19 | 967.53 |
| Camarilla | 950.82 | 951.62 | 952.43 | 953.24 | 954.05 | 954.86 | 955.67 |
| Woodie | 940.01 | 946.02 | 948.83 | 954.84 | 957.65 | 963.66 | 966.47 |
| Fibonacci | 946.55 | 949.92 | 952.00 | 955.37 | 958.74 | 960.82 | 964.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 846.05 | 879.79 | 925.18 | 958.92 | 1,004.31 | 1,038.05 | 1,083.44 |
| Camarilla | 948.81 | 956.06 | 963.32 | 970.57 | 977.82 | 985.08 | 992.33 |
| Woodie | 851.88 | 882.70 | 931.01 | 961.83 | 1,010.14 | 1,040.96 | 1,089.27 |
| Fibonacci | 879.79 | 910.02 | 928.69 | 958.92 | 989.15 | 1,007.82 | 1,038.05 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.18 | |
| MACD (12,26,9): | -3.2800 | |
| Directional Movement: | -12.21 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 953.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 964.51 | |
| Elder Ray (13): | -2.87 | |
| Super Trend (3,10): | 968.06 | |
| Zig ZAG (10): | 952.61 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 40.09 | |
| TEMA (21): | 948.54 | |
| Williams %R (14): | -62.64 | |
| Chande Momentum Oscillator (20): | -6.60 | |
| Repulse (5,40,3): | 0.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.20 |
| MA7: | 962.26 | |
| MA20: | 933.20 | |
| MA50: | 937.59 | |
| MA100: | 907.24 | |
| MAexp7: | 952.85 | |
| MAexp20: | 956.95 | |
| MAexp50: | 955.79 | |
| MAexp100: | 946.62 | |
| Price / MA7: | -1.02% | |
| Price / MA20: | +2.07% | |
| Price / MA50: | +1.59% | |
| Price / MA100: | +4.99% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | +0.62% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on LAM RESEARCH CORP. at the time of the analysis were as follows:
- Lam Research Corporation Announces $10 Billion Share Repurchase Authorization and a 10-for-1 Stock Split
- Lam Research Corporation Declares Quarterly Dividend
- Lam Research Corporation Announces Participation at Upcoming Conferences
- Lam Research Corporation Announces Participation at Upcoming Conference
- Lam Research Corporation Reports Financial Results for the Quarter Ended March 31, 2024
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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