SEMTECH CORP.
SEMTECH CORP.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: SMTC
ISIN:

SEMTECH CORP. - Daily - Technical analysis published on 07/29/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 53.34 USD
My targets
55.56 USD (+3.60%)
57.08 USD (+6.43%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on SEMTECH CORP.. This is a positive signal for buyers. As long as the price remains above 53.34 USD, a purchase could be considered. The first bullish objective is located at 55.56 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 57.08 USD as an objective. In the event of a return below 53.34 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The SEMTECH CORP. rating is 53.63 USD. The price registered an increase of +1.02% on the session and was traded between 53.24 USD and 53.83 USD over the period. The price is currently at +0.73% from its lowest and -0.37% from its highest.

53.24
53.83
53.63

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this SEMTECH CORP. chart shows a bullish trend. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 47.17 51.25 53.34 53.63 55.56 57.08
Change (%) -12.05% -4.44% -0.54% - +3.60% +6.43%
Change -6.46 -2.38 -0.29 - +1.93 +3.45
Level Major Intermediate Intermediate - Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard51.6852.2952.6953.3053.7054.3154.71
Camarilla52.8152.9153.0053.0953.1853.2853.37
Woodie51.5852.2452.5953.2553.6054.2654.61
Fibonacci52.2952.6852.9153.3053.6953.9254.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard47.1247.9648.6249.4650.1250.9651.62
Camarilla48.8749.0149.1449.2849.4249.5649.69
Woodie47.0347.9248.5349.4250.0350.9251.53
Fibonacci47.9648.5348.8949.4650.0350.3950.96


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard32.8936.3442.2045.6551.5154.9660.82
Camarilla45.4946.3447.2048.0548.9049.7650.61
Woodie34.0936.9443.4046.2552.7155.5662.02
Fibonacci36.3439.9042.1045.6549.2151.4154.96

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 68.79
MACD (12,26,9): 1.6000
Directional Movement: 18.13
AROON (14): 85.72
DEMA (21): 51.94
Parabolic SAR (0,02-0,02-0,2): 47.80
Elder Ray (13): 2.63
Super Trend (3,10): 49.59
Zig ZAG (10): 53.63
VORTEX (21): 1.0700
Stochastique (14,3,5): 95.34
TEMA (21): 53.09
Williams %R (14): -3.37
Chande Momentum Oscillator (20): 4.81
Repulse (5,40,3): 1.9700
ROCnROLL: 1
TRIX (15,9): 0.4000
Courbe Coppock: 12.51
MA7: 51.56
MA20: 49.96
MA50: 46.41
MA100: 49.72
MAexp7: 51.99
MAexp20: 50.01
MAexp50: 48.69
MAexp100: 48.97
Price / MA7: +4.01%
Price / MA20: +7.35%
Price / MA50: +15.56%
Price / MA100: +7.86%
Price / MAexp7: +3.15%
Price / MAexp20: +7.24%
Price / MAexp50: +10.15%
Price / MAexp100: +9.52%

This member declared not having a position on this financial instrument or a related financial instrument.

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