LAM RESEARCH CORP. - Daily - Technical analysis published on 09/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 228.65 USD
My targets
248.89 USD (+5.94%)
My analysis
The bullish trend is currently very strong on LAM RESEARCH CORP.. As long as the price remains above the support at 228.65 USD, you could try to benefit from the boom. The first bullish objective is located at 248.89 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LAM RESEARCH CORP. rating 234.93 USD. On the day, this instrument lost -1.39% and was between 234.65 USD and 240.00 USD. This implies that the price is at +0.12% from its lowest and at -2.11% from its highest.234.65
240.00
234.93
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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
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
Technical analysis of LAM RESEARCH CORP. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 207.68 | 216.98 | 228.65 | 234.93 |
Change (%) | -11.60% | -7.64% | -2.67% | - |
Change | -27.25 | -17.95 | -6.28 | - |
Level | Major | Intermediate | 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 | 229.34 | 231.86 | 235.05 | 237.57 | 240.76 | 243.28 | 246.47 |
Camarilla | 236.67 | 237.19 | 237.72 | 238.24 | 238.76 | 239.29 | 239.81 |
Woodie | 229.68 | 232.03 | 235.39 | 237.74 | 241.10 | 243.45 | 246.81 |
Fibonacci | 231.86 | 234.04 | 235.39 | 237.57 | 239.75 | 241.10 | 243.28 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 222.04 | 226.33 | 230.82 | 235.11 | 239.60 | 243.89 | 248.38 |
Camarilla | 232.90 | 233.70 | 234.51 | 235.31 | 236.12 | 236.92 | 237.73 |
Woodie | 222.14 | 226.38 | 230.92 | 235.16 | 239.70 | 243.94 | 248.48 |
Fibonacci | 226.33 | 229.68 | 231.76 | 235.11 | 238.46 | 240.54 | 243.89 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 167.92 | 179.32 | 194.91 | 206.31 | 221.90 | 233.30 | 248.89 |
Camarilla | 203.09 | 205.56 | 208.04 | 210.51 | 212.98 | 215.46 | 217.93 |
Woodie | 170.03 | 180.37 | 197.02 | 207.36 | 224.01 | 234.35 | 251.00 |
Fibonacci | 179.32 | 189.63 | 196.00 | 206.31 | 216.62 | 222.99 | 233.30 |
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): | 67.52 | |
MACD (12,26,9): | 8.3300 | |
Directional Movement: | 16.00 | |
AROON (14): | 92.86 | |
DEMA (21): | 238.89 | |
Parabolic SAR (0,02-0,02-0,2): | 233.31 | |
Elder Ray (13): | 5.17 | |
Super Trend (3,10): | 221.03 | |
Zig ZAG (10): | 235.13 | |
VORTEX (21): | 1.2000 | |
Stochastique (14,3,5): | 81.09 | |
TEMA (21): | 241.36 | |
Williams %R (14): | -20.88 | |
Chande Momentum Oscillator (20): | 9.04 | |
Repulse (5,40,3): | -0.2700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.5800 | |
Courbe Coppock: | 20.94 |
MA7: | 236.65 | |
MA20: | 226.63 | |
MA50: | 212.55 | |
MA100: | 199.39 | |
MAexp7: | 235.98 | |
MAexp20: | 227.95 | |
MAexp50: | 215.01 | |
MAexp100: | 203.46 | |
Price / MA7: | -0.73% | |
Price / MA20: | +3.66% | |
Price / MA50: | +10.53% | |
Price / MA100: | +17.82% | |
Price / MAexp7: | -0.40% | |
Price / MAexp20: | +3.11% | |
Price / MAexp50: | +9.31% | |
Price / MAexp100: | +15.52% |
News
The last news published on LAM RESEARCH CORP. at the time of the generation of this analysis was as follows:
- Lam Research Announces 2019 Supplier Excellence Award Recipients
- Lam Research Corporation Announces Increase in Quarterly Dividend
- Lam Research Announces Retirement of Chairman, Stephen G. Newberry; Abhijit Y. Talwalkar Appointed as his Successor
- Lam Research Announces Resignation of Christine Heckart from Board of Directors
- Lam Research Corporation Announces Participation at Upcoming Conferences
This member declared not having a position on this financial instrument or a related financial instrument.
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