KLAC Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis for KLAC's price prediction for next week:
Technical Analysis:
- Current price: $754.30 (as of Feb 21, 2025)
- RSI-14: 54.82 (neutral territory)
- MACD: Bearish divergence with MACD at 15.95 and signal line at 17.35
- Bollinger Bands:
- Middle Band: $747.39
- Upper Band: $807.22
- Lower Band: $687.57
- Current price position: Middle band area indicating consolidation
News Sentiment Analysis:
- Recent analyst ratings show mixed sentiment with price targets ranging from $655 to $850
- Smart money showing bearish options activity with significant put volumes worth $253,202
- Strong fundamental backing with Warren Buffett-based strategy rating of 86%
- Recent earnings beat expectations with $8.20 EPS vs $7.75 estimate
Fibonacci Levels for Next Week:
- Resistance 3: $819.65
- Resistance 2: $798.23
- Resistance 1: $785.00
- Pivot: $763.59
- Support 1: $742.17
- Support 2: $728.94
- Support 3: $707.53
Price Prediction for Next Week: Based on technical indicators and news sentiment, KLAC is likely to trade between $742-$785. The primary scenario suggests a downward movement initially with potential support at $742.17, followed by a bounce toward $763.59 (pivot level).
Trading Recommendation: SELL with the following parameters:
- Entry: Current price ($754.30)
- Target: $742.17 (Support 1)
- Stop Loss: $785.00 (Resistance 1)
- Risk/Reward Ratio: 1:1.2
The recommendation is based on:
- Bearish MACD divergence
- Smart money's bearish options positioning
- Recent market weakness in semiconductor sector
- Price currently testing resistance levels
KLAC Similar Chart Price Prediction
The price of KLAC is predicted to go up -3.78%, based on the high correlation periods with OMC. The similarity of these two price pattern on the periods is 94.76%.
KLAC
OMC
Down: -3.78%Similarity: 94.76%
KLAC Revenue Forecast
KLAC EPS Forecast
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KLAC VS S&P500
KLA dominates the process control market within WFE, with a majority market share more than quadrupling that of its next closest competitor, Applied Materials.
Rising complexity in chips should drive demand for KLA's equipment, including progression to chiplet-based designs, gate all-around transistors, and high-bandwidth memory.
KLA posts the best profit margins and provides the best dividend yield of any WFE firm under our coverage.
KLAC Analyst's Forecast
Joseph Quatrochi
Wells Fargo
Buy
2025-01-31
Price Target
$795 → $870
Upside
+17.85%
Wells Fargo raised the firm's price target on KLA Corp. to $870 from $795 and keeps an Overweight rating on the shares. The firm reiterates KLA as its top pick as the company again delivered solid results/guide. Wells remains positive on KLA's ability to deliver WFE outperformance driven by share gains and rising process control intensity across leading edge F/L & DRAM.
Matthew Prisco
Cantor Fitzgerald
Hold
2025-01-31
Price Target
$800 → $875
Upside
+18.53%
Sidney Ho
Deutsche Bank
Strong Buy
2025-01-31
Price Target
$725 → $850
Upside
+15.14%
