Taking everything into account, SMTC scores 10 out of 10 in our technical rating. 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 81% of all stocks.
- SMTC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SMTC has a been trading in the 70.85 - 83.80 range, which is quite wide. It is currently trading near the high of this range.
- SMTC has an average volume of 1558530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SMTC is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 50% of 113 stocks in the same industry.
SMTC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 81.99. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SMTC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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71.47
4 important support areas can be observed.
- A support zone ranging from 77.25 to 77.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @75.98 from a trend line in the weekly time frame.
- A support zone ranging from 74.37 to 74.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 72.19 to 72.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 81.99 to 81.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 81.93 | POSITIVE | SMTC has a high relative strength, it outperformed 81.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMTC is above 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) | 60.45 | NEUTRAL | The RSI value for SMTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests SMTC has a positive trend. |
| Stochastics (14,3) | 78.48 | NEUTRAL | The Stochastics value for SMTC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for SMTC suggests high volalility. |
| Average Directional Index/ADX (14) | 12.45 | 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 |
|---|---|---|---|
| 82.00 | 77.24 | 4.76 (5.80%) | 17.23% |
| An entry @82.00. This is a Buy Stop order right above the resistance zone. | An exit @77.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.76 points, which is 5.80%. | For a 1.00% total portfolio risk, you can invest 17.23% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SMTC. Please evaluate whether better entry and exit points can be found.
- 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.
81.98
+0.41 (+0.5%)
SEMTECH CORP / SMTC FAQ
Can you provide the ChartMill technical rating for SEMTECH CORP?
ChartMill assigns a technical rating of 10 / 10 to SMTC.
What is the current trend direction of SEMTECH CORP (SMTC) stock?
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 60.4546. This indicates that the stock is currently neutral.
What is the MACD signal for SMTC stock?
The MACD indicator for SEMTECH CORP (SMTC) has a value of 0.347156, indicating a bearish trend.
What is the support and resistance level for SMTC stock?
SEMTECH CORP (SMTC) has a support level at 77.67 and a resistance level at 81.99. Check the full technical report for our detailed analysis of SMTC support and resistance levels.