LAM RESEARCH CORP.
LAM RESEARCH CORP.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: LRCX
ISIN:

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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
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
Standard229.34231.86235.05237.57240.76243.28246.47
Camarilla236.67237.19237.72238.24238.76239.29239.81
Woodie229.68232.03235.39237.74241.10243.45246.81
Fibonacci231.86234.04235.39237.57239.75241.10243.28


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard222.04226.33230.82235.11239.60243.89248.38
Camarilla232.90233.70234.51235.31236.12236.92237.73
Woodie222.14226.38230.92235.16239.70243.94248.48
Fibonacci226.33229.68231.76235.11238.46240.54243.89


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard167.92179.32194.91206.31221.90233.30248.89
Camarilla203.09205.56208.04210.51212.98215.46217.93
Woodie170.03180.37197.02207.36224.01234.35251.00
Fibonacci179.32189.63196.00206.31216.62222.99233.30

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%

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

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