SEMTECH CORP (SMTC) Technical Analysis
NASDAQ:SMTC • US8168501018
Current stock price
SMTC Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to SMTC. In the last year, SMTC was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- When comparing the yearly performance of all stocks, we notice that SMTC is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, SMTC also shows a nice and consistent pattern of rising prices.
- SMTC is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. SMTC outperforms 81% of them.
- SMTC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SMTC is performing more or less in line with the market.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SMTC has an average volume of 2055160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month SMTC has a been trading in the 69.16 - 89.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SMTC Weekly and Daily overview Charts
SMTC Setup Rating and Analysis
Besides having an excellent technical rating, SMTC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 72.19, a Stop Loss order could be placed below this zone.
More info and screens
SMTC Support and Resistance Analysis
69.90
We found 1 important support area.
- A support zone ranging from 70.61 to 72.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
SMTC Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SMTC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SMTC is neutral. |
| ChartMill Relative Strength | 95.71 | POSITIVE | SMTC has a high relative strength, it outperformed 95.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SMTC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SMTC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMTC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.6 | NEUTRAL | The RSI value for SMTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests SMTC has a positive trend. |
| Stochastics (14,3) | 52.66 | NEUTRAL | The Stochastics value for SMTC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.3 | HIGH VOLATILITY | The high ATR as a percentage value for SMTC suggests high volalility. |
| Average Directional Index/ADX (14) | 17.96 | NEGATIVE | The low ADX value for SMTC suggests a weak or negative trend. |
SMTC Chart- and CandleStick Pattern Analysis
SMTC Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 83.38 | 70.60 | 12.78 (15.33%) | 6.52% |
| An entry @83.38. This is a Buy Stop order right above the 10 day high. | An exit @70.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 12.78 points, which is 15.33%. | For a 1.00% total portfolio risk, you can invest 6.52% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SMTC Technicals: Chart, Performance Metrics, Trend & Indicators
82.65
+2.61 (+3.26%)
SEMTECH CORP / SMTC TA FAQ
Can you provide the ChartMill technical rating for SEMTECH CORP?
ChartMill assigns a technical rating of 7 / 10 to SMTC.
What is the current trend direction of SEMTECH CORP (SMTC) stock?
The current trend direction for SEMTECH CORP (SMTC) is Bearish.
What is the RSI signal for SEMTECH CORP (SMTC) stock?
SEMTECH CORP (SMTC) has an RSI value of 52.6033. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for SEMTECH CORP?
SEMTECH CORP (SMTC) has a support level at 72.19. Check the full technical report for our detailed analysis of SMTC support and resistance levels.