SMTC Technical Analysis - SEMTECH CORP

Technical Rating and Analysis

Overall SMTC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SMTC is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that SMTC is one of the better performing stocks in the market, outperforming 90% of all stocks.

SMTC is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry. SMTC outperforms 76% of them.

SMTC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SMTC is lagging the market slightly.

SMTC has an average volume of 1903260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month SMTC has a been trading in the 57.50 - 74.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although SMTC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

57.64

73.66

When analyzing the support we notice one important area.

A support zone ranging from 58.22 to 60.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 65.51 to 65.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 72.79 to 72.93. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for SMTC is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SMTC is up.
ChartMill Relative Strength	90.36	POSITIVE	SMTC has a high relative strength, it outperformed 90.36% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of SMTC is below the rising 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)	UP	POSITIVE	The current price of SMTC is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.64	NEUTRAL	The RSI value for SMTC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.21	NEGATIVE	The MACD value suggests SMTC has a negative trend.
Stochastics (14,3)	66.35	NEUTRAL	The Stochastics value for SMTC is a neutral value.
Average True Range in percent/ATR (20)	5.06	HIGH VOLATILITY	The high ATR as a percentage value for SMTC suggests high volalility.
Average Directional Index/ADX (14)	25.07	POSITIVE	The high ADX value value for SMTC suggests a strong trend.