Based on the provided data and recent market movements, here's a comprehensive analysis for LRCX's price prediction for next week:
Technical Analysis
- RSI-14 at 60.05 indicates neutral momentum but approaching overbought territory
- MACD (2.48) shows positive momentum with bullish divergence
- Stochastic RSI (77.52) suggests strong upward momentum
- Price is trading above all major SMAs (5,10,20,60,200,250), indicating a strong uptrend
- Bollinger Bands show price near upper band (93.22) with 0.68 bandwidth, suggesting potential consolidation
Price Levels Analysis
- Current price: $86.11
- Key resistance levels: $89.90 (Fibonacci R1), $92.55 (Fibonacci R2)
- Key support levels: $85.61 (Fibonacci Pivot), $81.32 (Fibonacci S1)
Recent News Impact
- Positive analyst coverage from Susquehanna upgrading LRCX to Positive with increased price target to $125
- Strong fundamental backing with 100% rating from Warren Buffett-based strategy model
- Recent chip sector weakness affected LRCX, closing down more than -3% in latest session
Next Week Price Projection
Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): $89-92 range
- Base scenario (30% probability): $85-88 range
- Bearish scenario (10% probability): $81-84 range
Trading Recommendation
BUY with entry point at current level ($86.11) with following strategy:
- Entry: $86.11
- Target 1: $89.90 (Fibonacci R1)
- Target 2: $92.55 (Fibonacci R2)
- Stop Loss: $81.32 (Fibonacci S1)
Based on the provided data and recent market movements, here's a comprehensive analysis for LRCX's price prediction for next week:
Technical Analysis
- RSI-14 at 60.05 indicates neutral momentum but approaching overbought territory
- MACD (2.48) shows positive momentum with bullish divergence
- Stochastic RSI (77.52) suggests strong upward momentum
- Price is trading above all major SMAs (5,10,20,60,200,250), indicating a strong uptrend
- Bollinger Bands show price near upper band (93.22) with 0.68 bandwidth, suggesting potential consolidation
Price Levels Analysis
- Current price: $86.11
- Key resistance levels: $89.90 (Fibonacci R1), $92.55 (Fibonacci R2)
- Key support levels: $85.61 (Fibonacci Pivot), $81.32 (Fibonacci S1)
Recent News Impact
- Positive analyst coverage from Susquehanna upgrading LRCX to Positive with increased price target to $125
- Strong fundamental backing with 100% rating from Warren Buffett-based strategy model
- Recent chip sector weakness affected LRCX, closing down more than -3% in latest session
Next Week Price Projection
Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): $89-92 range
- Base scenario (30% probability): $85-88 range
- Bearish scenario (10% probability): $81-84 range
Trading Recommendation
BUY with entry point at current level ($86.11) with following strategy:
- Entry: $86.11
- Target 1: $89.90 (Fibonacci R1)
- Target 2: $92.55 (Fibonacci R2)
- Stop Loss: $81.32 (Fibonacci S1)