KLAC finds buyers again around 112.36


KLA-Tencor Corp. (KLAC) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
KLAC finds buyers again around 112.36
KLAC closes within previous day's range after lackluster session
KLAC ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

KLAC ended Thursday at 113.13 edging higher $0.17 (0.15%). Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for KLAC
Volatility

Thursday's trading range was $1.39 (1.22%), that's far below last trading month's daily average range of $2.11. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being below average.

Support/Resistance

Prices are trading close to a key support level at 111.60. Prices are trading close to the key resistance level at 114.36. After having been unable to move lower than 112.48 in the previous session, the market found buyers again around the same price level today at 112.36.

Trend

The stock shows weakness in the short-term (in accordance with its long-term downtrend) with only the medium-term trend being bullish.

Order Flow

Buying could speed up should prices move above the nearby swing high at 114.39 where further buy stops might get activated. Selling could accelerate should prices move below the close-by swing low at 111.53 where further sell stops might get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.

Market Conditions for KLA-Tencor Corp.
ConditionForecastDirectionWinAvgWorstBestEvents
3 Consecutive Lower Closes TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
Bullish Bounce off SMA 100 TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
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