Lam Research stock: buy or sell

LRCX stock price: $635.00 1.99% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

Lam Research stock brief

  • Lam Research stock rose 1.99% to close at $635.00 on the stock market on Wednesday.
  • Lam Research presented its earnings report on Wednesday
  • From the chart point view, price is drawing an scaled downtrend since early June with lower tops and lower bottoms. shares price lost a -5.57% since the downtrend started.
  • Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide.

Should I buy Lam Research stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $LRCX stock a buy?

Currently, Lam Research stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $LRCX in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Lam Research stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Much like when we have to buy shares, choosing when is the best time to sell is not a random decision, and we must follow our own trading style. When selling, as well as buying, detailed strategies are very simple to follow and are only valid for selling stocks you already own, not for shorting Lam Research stock

As a rule of thumb, you should never keep an operation that produces higher than expected losses by the time of purchase. The timing to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell Lam Research stock?

In the current situation of Lam Research there is not any eligible sell setup, so Lam Research stock holders with operations in profit can keep their positions

Lam Research ratings

In the last month we couldn't find any rating for Lam Research

Lam Research stock analysis

Lam Research continues trending lower since early June, and has accumulated a selloff of -5.57%. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.

SMAs overview

LRCX stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $654.65 (3.09% above)
  • R2: $667.66 (5.14% above)
  • R3: $672.45 (5.90% above)
  • The current supports are:

  • S1: $608.58 (-4.16% below)
  • S2: $600.93 (-5.37% below)
  • S3: $582.83 (-8.22% below)
  • Bollinger bands

    Since the price broke down the lower band on July 19, the price has bounced up by 10.37%. The price is moving near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    LRCX stock Bollinger Bands chart

    Relative strength index

    When the moves for so long below 70 and above 30, without indicating moments of overvaluation and undervaluation, the indicator turns out to be of little use, and we find ourselves in such a case.

    LRCX stock RSI chart

    Lam Research stock price history

    Lam Research went public priced at an adjusted price1 of $0.00 on May 1984. Since then, LRCX stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars at that time would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    LRCX stock price history chart

    Price target for Lam Research stock

    Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. If you are a small trader you should not invest based on these predictions.

    We don't have any target price posted in the last 30 days for Lam Research.

    Earnings and financials

    Earnings event was hosted by Lam Research ($LRCX) on Wednesday after posting the earnings report.

    For comparison, the EPS for the same quarter last year was $4.78, so reported EPS is -100.00%. Looking at turnover, figures exploded a 53.68% compared to $25.0B same quarter last year.

    Lam Research ($LRCX) is presenting quarterly earnings report next October.

    Lam Research performance

    LRCX performance compared
    Company1m3m6m
    Lam Research ($LRCX) -1.80% -0.90% 21.20%

    Disclaimer:
    The opinions expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the specific situations of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for informational purposes only

    Lam Research summary

    Wednesday, July 28th, 2021
    Open$625.12
    Close$635
    Day range$623.43 - $638
    Previous close$622.59
    Session gain1.99%
    Average true range$24.53
    50d mov avg$629.21
    100d mov avg$613.22
    200d mov avg$544.39
    Earnings dateOctober 19th, 2021

    Frequently asked questions

    What is Lam Research stock symbol?

    Lam Research Corporation is a public company trading in the US stock market with the LRCX symbol

    Is Lam Research stock a buy or sell?

    Lam Research had no ratings in the last 30 days Read the article to get additional tips on trading LRCX stock.

    Will LRCX go up?

    There were no price targets posted by analysts in the last 30 days for Lam Research.