Londinia Opportunities Analyses - 06/08/2023 (GMT) SEMTECH CORP. - 1H
- USD (-)
- 15 min delayed data - NASDAQ Stocks
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Short term: Strongly bullish
Underlying: Strongly bullish
Bullish above 23.01 USD
24.79 USD (+5.41%)
25.98 USD (+10.46%)
The bullish trend is currently very strong on SEMTECH CORP.. As long as the price remains above the support at 23.01 USD, you could try to benefit from the boom. The first bullish objective is located at 24.79 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 25.98 USD as an objective. Crossing it would then enable buyers to target 27.11 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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.
QuotesThe SEMTECH CORP. price is 23.52 USD. The price registered an increase of +4.86% on the session and was between 22.74 USD and 27.37 USD. This implies that the price is at +3.43% from its lowest and at -14.07% from its highest.
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical analysis of this 1H chart of SEMTECH CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
Attention could also be paid to pivot points to set price objectives:
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
|Parabolic SAR (0,02-0,02-0,2):||22.74|
|Elder Ray (13):||0.49|
|Super Trend (3,10):||25.64|
|Zig ZAG (10):||23.51|
|Williams %R (14):||-68.93|
|Chande Momentum Oscillator (20):||1.57|
|Price / MA7:||+5.19%|
|Price / MA20:||+10.68%|
|Price / MA50:||+10.42%|
|Price / MA100:||-11.25%|
|Price / MAexp7:||+1.47%|
|Price / MAexp20:||+3.52%|
|Price / MAexp50:||+5.47%|
|Price / MAexp100:||+8.04%|
Quotes : - 15 min delayed data - Actions NASDAQ
The latest news and videos published on SEMTECH CORP. at the time of the analysis were as follows:
- Semtech Announces First Quarter of Fiscal Year 2024 Results
- Semtech Releases New Surge Protection Product to Safeguard Electronics
- Semtech Empowers Future Growth With Industry Trailblazer Paul H. Pickle As President And Chief Executive Officer
- Semtech Announces Conference Call to Review First Quarter of Fiscal Year 2024 Financial Results
- Semtech’s LoRa® Chip-to-Cloud Platform Enables Sustainable Farming in Malaysia