SEMTECH CORP (SMTC) Stock Technical Analysis
NASDAQ:SMTC - Nasdaq - US8168501018 - Common Stock - Currency: USD
Overall SMTC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SMTC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SMTC did better than 93% of all other stocks.
SMTC is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. SMTC outperforms 87% of them.
In the last month SMTC has a been trading in the 39.07 - 48.91 range, which is quite wide. It is currently trading near the high of this range.
SMTC has an average volume of 2160070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SMTC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SMTC is lagging the market.
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.
More info and screens
27.94
49.06
3 important support areas can be observed.
- A support zone ranging from 44.05 to 44.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 41.95 to 42.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 48.11 to 48.57. 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 | 93.79 | POSITIVE | SMTC has a high relative strength, it outperformed 93.79% 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) | 61.23 | NEUTRAL | The RSI value for SMTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SMTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.48 | OVERBOUGHT | The high Stochastics value suggests SMTC may be overbought. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SMTC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.24 | NEUTRAL | The ADX value for SMTC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
46.93
-1.17 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.43%
1 Week10.18%
2 Weeks4.5%
1 Month12.03%
3 Month78.85%
6 Month-37.43%
12 Month48.23%
2 Year60.72%
3 Year-24.71%
5 Year-15.79%
10 Year166.8%
15 Year170.02%
Volatility
ATR(14)2.07
ATR(20)%4.49%
ATR Inc-36.86%
Range Today1.39
ADR(20)1.91
ADR(20)%4.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.79
Mansfield-0.24
10 Day High48.91
10 Day Low42.38
20 Day High48.91
20 Day Low39.07
52 Week High79.52
52 Week Low24.05
CS1 End44.35
CR1 Start48.11
Volume & EV
DER(3)-1.67%
DER(5)-1.45%
Volume1.34M
Volume Incr30.46%
Vol(5)2.67M
Vol(50)2.16M