December 18, 2025 — Lam Research Corporation (NASDAQ: LRCX) is giving chart-watchers something concrete to chew on. As of 09:20 UTC on Thursday, LRCX traded at about $154.98, down roughly 5.1% from the prior close—an early move that drops the stock toward one of the most-watched “line in the sand” areas on the daily chart.
This matters because Lam’s chart isn’t happening in a vacuum. The stock has been one of the standout performers in the semiconductor equipment space, and when leaders pull back, traders and longer-term investors alike tend to ask the same two questions:
- Is this a routine reset in an uptrend… or the start of something messier?
- Where are the levels that typically separate “noise” from “trend change”?
Let’s walk through what the Lam Research stock chart is signaling now—using the levels and indicators traders actually track.
First, the “split-adjusted chart” reminder (it matters more than people admit)
Lam completed a 10-for-1 forward stock split effective after the close on October 2, 2024, with shares trading on a split-adjusted basis starting October 3, 2024. [1]
That means most modern chart platforms show historical prices adjusted for the split—but if you’re comparing screenshots, old notes, or someone’s “I swear this was support at $1,600” story from the pre-split era, you’ll want to sanity-check that everyone is speaking the same price-language.
Zooming out: the big trend is still up (even with today’s wobble)
The fastest way to understand the LRCX chart is to look at where price sits relative to longer-term reference points:
- 52-week high: about $169.69
- 52-week low: about $56.32
- 50-day moving average (widely cited): around $153 [2]
Even after the premarket dip toward the mid-$150s, the stock is still much closer to its highs than its lows, and it’s hovering near a 50-day average that many market participants treat as the “trend support” in strong momentum names. [3]
That’s the character of an uptrend: sharp pullbacks can happen, but the real question is whether they hold above key “trend structure” levels (more on that next).
The battleground: moving averages that traders actually respect
Moving averages are not magic. They’re more like crowd psychology made visible: lots of people watch the same lines, so price often reacts near them.
Data providers vary slightly, but TipRanks’ technical panel (timestamped Dec. 17, 2025) puts several key moving averages here:
- 20-day EMA: ~$158.80
- 50-day SMA: ~$152.53
- 100-day SMA: ~$131.29
- 200-day SMA: ~$106.49 [4]
With LRCX indicated around $154.98 early Thursday, the chart implication is straightforward:
- Price is below the short-term “momentum line” (20-day EMA around $159).
- Price is near the intermediate trend line (50-day around $152–$153).
- Price remains well above the 100-day and 200-day trend gauges. [5]
In plain English: short-term momentum has cooled, but the intermediate and long-term uptrend structure hasn’t been broken—yet.
Key Lam Research chart levels: support and resistance zones to watch
If you want a practical map (not a mystical prophecy), here are the levels that show up repeatedly across common technical toolkits.
The support zone that matters right now
TipRanks “classic” pivot levels (calculated off the prior day’s range) list:
- S2: ~$153.76
- S3: ~$148.43 [6]
Combine that with the 50-day moving average ~ $152–$153, and you get a tight cluster—a classic reason price can “stick” here:
- Support cluster: roughly $152 to $154 (50-day + pivot S2 neighborhood) [7]
If that cluster fails decisively, the next obvious technical checkpoint becomes the high-$140s (pivot S3), and then—on a larger pullback—the low-$130s area where the 100-day average sits. [8]
The resistance ladder on any rebound
TipRanks also lists:
- Pivot (P): ~$162.47
- R1: ~$165.85
- R2: ~$171.18 [9]
Layer on the widely quoted 52-week high near $169.69, and you get a logical “ceiling zone” in the high $160s to low $170s. [10]
A technician’s way to say it:
- The bulls want to reclaim $159–$162 first (20-day EMA + pivot).
- Then they want a clean shot at $166–$170 (R1 + recent highs). [11]
Momentum check: RSI says “calm,” MACD says “cooling”
Oscillators are basically instruments that measure how “stretched” or “tired” a move is.
From TipRanks (Dec. 17, 2025 snapshot):
- RSI (14): ~57.87 → generally read as neutral
- MACD (12,26): ~4.07 → shown as a sell signal on that panel [12]
That combination often shows up in consolidations: RSI isn’t screaming “overbought,” but MACD suggests upside momentum has slowed versus the recent past.
Think of it like a runner who isn’t collapsing, but has stopped sprinting.
Volatility and “how noisy is this move?”
When a stock is a market leader, daily swings can look dramatic even when the trend is intact. That’s where volatility stats help.
Barchart’s technical table lists (among other metrics) an Average True Range (ATR) around the high-$6 to low-$7 area in recent periods, and a short-term historic volatility in the high 30% range. [13]
Translation: a ~$6–$7 typical range means a one-day move of 4%+ isn’t automatically a trend break. It’s sometimes just… Tuesday.
This is also why chart levels should be treated as zones rather than single razor-thin prices.
Why Lam Research is a chart people care about in the first place
Charts get attention when the underlying story gives them fuel. Lam is not a random ticker—it’s one of the major suppliers of wafer fabrication equipment.
Lam describes itself as a global supplier of wafer fabrication equipment and services that enable smaller, higher-performing semiconductor devices. [14]
Its product lineup spans core chipmaking steps like etch and thin film deposition, which are foundational processes in advanced semiconductor manufacturing. [15]
And the broader industry backdrop remains supportive. A Reuters report this week cited SEMI forecasting global sales of wafer manufacturing equipment rising to $126 billion in 2026 and $135 billion in 2027, driven by AI-related demand for logic and memory chips. [16]
That kind of macro tailwind is exactly what can keep “buy the dip” behavior alive—right up until it doesn’t. Which is why the chart levels matter.
Earnings and guidance: the fundamental catalyst sitting behind the candles
If you’re trying to read the LRCX stock chart without tracking earnings and guidance, you’re basically trying to forecast weather without acknowledging oceans exist.
In its Oct. 22, 2025 results for the quarter ended Sept. 28, 2025, Lam reported:
- Revenue:$5.324 billion
- GAAP gross margin:50.4%
- GAAP diluted EPS:$1.24 (non-GAAP $1.26) [17]
Lam also guided for the quarter ending Dec. 28, 2025:
- Revenue:$5.20B ± $300M
- EPS (diluted):$1.15 ± $0.10 [18]
That matters for the chart because big gaps and trend changes frequently happen when reality (results/guidance) collides with expectations.
Reuters also noted in October that Lam’s demand narrative has been tied to AI-driven spending, and that the stock had roughly doubled in 2025 at that point—exactly the kind of run that can lead to sharp consolidations as valuations and expectations reset. [19]
Three realistic chart scenarios from here (no crystal ball required)
Here’s the probabilistic way technicians frame it—less “prediction,” more “if/then.”
Scenario 1: Support holds, the uptrend resumes
- LRCX stabilizes in the $152–$154 support cluster (50-day + pivot S2 zone).
- A rebound pushes price back above ~$159–$162 (20-day EMA + pivot). [20]
- Next tests: $166–$170 (R1 + recent highs). [21]
Scenario 2: Sideways digestion (often healthy after a big run)
- Price chops between roughly $150 and $165 for weeks.
- RSI stays mostly neutral, MACD works off the “cooling” signal. [22]
- The chart builds a base that can support a later move—up or down.
Scenario 3: Breakdown below support, deeper mean reversion
- Price loses the 50-day area and can’t reclaim it.
- Next stop becomes ~$148 (pivot S3), then the low-$130s (100-day). [23]
- That wouldn’t automatically “kill” the long-term uptrend (200-day is far lower), but it would change the intermediate tone of the chart.
Bottom line: the Lam Research chart is at a decision point, not a verdict
As of early Thursday, Lam Research stock (LRCX) is pulling back into a dense technical area where buyers often show up: the 50-day moving average / pivot support zone in the low $150s. [24]
- If it holds, the chart can treat this as a routine reset inside a powerful longer-term trend.
- If it breaks, the next map points are relatively clear (high $140s, then low $130s). [25]
Either way, the most useful mindset is: charts are decision-support tools, not destiny. They help you define risk, avoid wishful thinking, and keep your story consistent with the tape.
Information in this article is for educational purposes and is not investment advice.
References
1. newsroom.lamresearch.com, 2. finance.yahoo.com, 3. finance.yahoo.com, 4. www.tipranks.com, 5. www.tipranks.com, 6. www.tipranks.com, 7. finance.yahoo.com, 8. www.tipranks.com, 9. www.tipranks.com, 10. finance.yahoo.com, 11. www.tipranks.com, 12. www.tipranks.com, 13. www.barchart.com, 14. investor.lamresearch.com, 15. www.lamresearch.com, 16. www.reuters.com, 17. investor.lamresearch.com, 18. investor.lamresearch.com, 19. www.reuters.com, 20. www.tipranks.com, 21. www.tipranks.com, 22. www.tipranks.com, 23. www.tipranks.com, 24. www.tipranks.com, 25. www.tipranks.com
