SEMTECH CORP. - Daily - Technical analysis published on 12/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 47.17 USD
My targets
43.11 USD (-5.75%)
41.04 USD (-10.28%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on SEMTECH CORP. as long as the price remains well below 47.17 USD. The next bearish objective for sellers is set at 43.11 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 41.04 USD. If there is any crossing, the next objective would be the support located at 36.89 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SEMTECH CORP. rating 45.74 USD. On the day, this instrument lost -2.58% with the lowest point at 45.55 USD and the highest point at 46.21 USD. The deviation from the price is +0.42% for the low point and -1.02% for the high point.45.55
46.21
45.74
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of SEMTECH CORP. indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.89 | 41.04 | 43.11 | 45.74 | 47.17 | 50.44 | 52.57 |
| Change (%) | -19.35% | -10.28% | -5.75% | - | +3.13% | +10.28% | +14.93% |
| Change | -8.85 | -4.70 | -2.63 | - | +1.43 | +4.70 | +6.83 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.40 | 45.54 | 46.25 | 47.39 | 48.10 | 49.24 | 49.95 |
| Camarilla | 46.44 | 46.61 | 46.78 | 46.95 | 47.12 | 47.29 | 47.46 |
| Woodie | 44.18 | 45.43 | 46.03 | 47.28 | 47.88 | 49.13 | 49.73 |
| Fibonacci | 45.54 | 46.25 | 46.69 | 47.39 | 48.10 | 48.54 | 49.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.68 | 47.03 | 47.75 | 49.10 | 49.82 | 51.17 | 51.89 |
| Camarilla | 47.89 | 48.08 | 48.27 | 48.46 | 48.65 | 48.84 | 49.03 |
| Woodie | 45.36 | 46.87 | 47.43 | 48.94 | 49.50 | 51.01 | 51.57 |
| Fibonacci | 47.03 | 47.82 | 48.31 | 49.10 | 49.89 | 50.38 | 51.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.42 | 43.87 | 46.16 | 50.61 | 52.90 | 57.35 | 59.64 |
| Camarilla | 46.61 | 47.22 | 47.84 | 48.46 | 49.08 | 49.70 | 50.31 |
| Woodie | 38.35 | 43.33 | 45.09 | 50.07 | 51.83 | 56.81 | 58.57 |
| Fibonacci | 43.87 | 46.44 | 48.03 | 50.61 | 53.18 | 54.77 | 57.35 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 30.58 | |
| MACD (12,26,9): | -0.9000 | |
| Directional Movement: | -22.72 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 48.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.76 | |
| Elder Ray (13): | -3.27 | |
| Super Trend (3,10): | 49.90 | |
| Zig ZAG (10): | 45.74 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 2.92 | |
| TEMA (21): | 47.55 | |
| Williams %R (14): | -97.62 | |
| Chande Momentum Oscillator (20): | -7.16 | |
| Repulse (5,40,3): | -5.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 18.85 |
| MA7: | 48.43 | |
| MA20: | 50.92 | |
| MA50: | 50.06 | |
| MA100: | 48.59 | |
| MAexp7: | 48.10 | |
| MAexp20: | 49.73 | |
| MAexp50: | 49.73 | |
| MAexp100: | 49.15 | |
| Price / MA7: | -5.55% | |
| Price / MA20: | -10.17% | |
| Price / MA50: | -8.63% | |
| Price / MA100: | -5.87% | |
| Price / MAexp7: | -4.91% | |
| Price / MAexp20: | -8.02% | |
| Price / MAexp50: | -8.02% | |
| Price / MAexp100: | -6.94% |
News
The last news published on SEMTECH CORP. at the time of the generation of this analysis was as follows:
- Semtech Announces Production Shipments of Industry’s Most Comprehensive 5G Wireless Front Haul Portfolio
- Semtech’s LoRa® Devices Create an Efficient Monitoring Solution for Reducing Energy Consumption
- Semtech’s BlueRiver® Technology Integrated into Black Box’s Award-Winning MCX Solutions
- Semtech and Hanbit Build Efficient Water Networks with LoRa Devices
- Semtech and Digimondo Simplify Utility Metering with New Starter Package
This member declared not having a position on this financial instrument or a related financial instrument.
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