SEMTECH CORP (SMTC) Stock Technical Analysis
USA - NASDAQ:SMTC - US8168501018 - Common Stock
Taking everything into account, SMTC scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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 65.15, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
59.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.98 to 65.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @60.51 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @70.75 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for SMTC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SMTC is neutral. |
| ChartMill Relative Strength | 87.98 | POSITIVE | SMTC has a high relative strength, it outperformed 87.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SMTC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMTC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SMTC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.96 | NEUTRAL | The RSI value for SMTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests SMTC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.86 | NEUTRAL | The Stochastics value for SMTC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for SMTC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.73 | NEGATIVE | The low ADX value for SMTC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 70.76 | 64.01 | 6.75 (9.54%) | 10.48% |
| An entry @70.76. This is a Buy Stop order right above the resistance zone. | An exit @64.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.75 points, which is 9.54%. | When investing 10.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
67.5
+3.08 (+4.78%)
SEMTECH CORP / SMTC FAQ
What is the technical rating for SMTC stock?
ChartMill assigns a technical rating of 7 / 10 to SMTC.
Can you provide the trend direction for SEMTECH CORP?
The current trend direction for SEMTECH CORP (SMTC) is Bullish.
What is the RSI signal for SMTC stock?
SEMTECH CORP (SMTC) has an RSI value of 50.9584. This indicates that the stock is currently neutral.
What is the MACD signal for SEMTECH CORP (SMTC) stock?
The MACD indicator for SEMTECH CORP (SMTC) has a value of -0.611493, indicating a bearish trend.