Londinia Opportunities Analyses - 06/08/2023 (GMT) SEMTECH CORP. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	SMTC
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

17%

My opinion

Bullish above 23.01 USD

My targets

24.79 USD (+5.41%)

25.98 USD (+10.46%)

My analysis

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.

Force

7.7

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Additional analysis

Quotes

The 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.

22.74

27.37

23.52

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:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

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.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.42	21.75	23.01	23.52	27.11	30.69	36.89
Change (%)	-13.18%	-7.53%	-2.17%	-	+15.26%	+30.48%	+56.85%
Change	-3.10	-1.77	-0.51	-	+3.59	+7.17	+13.37
Level	Minor	Intermediate	Intermediate	-	Intermediate	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.57	21.95	22.19	22.57	22.81	23.19	23.43
Camarilla	22.26	22.32	22.37	22.43	22.49	22.54	22.60
Woodie	21.50	21.92	22.12	22.54	22.74	23.16	23.36
Fibonacci	21.95	22.19	22.33	22.57	22.81	22.95	23.19

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.14	20.78	21.69	22.33	23.24	23.88	24.79
Camarilla	22.18	22.33	22.47	22.61	22.75	22.89	23.04
Woodie	20.29	20.85	21.84	22.40	23.39	23.95	24.94
Fibonacci	20.78	21.37	21.74	22.33	22.92	23.29	23.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.58	15.70	18.72	20.84	23.86	25.98	29.00
Camarilla	20.33	20.80	21.27	21.74	22.21	22.68	23.15
Woodie	14.03	15.93	19.17	21.07	24.31	26.21	29.45
Fibonacci	15.70	17.66	18.88	20.84	22.80	24.02	25.98

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):	60.28
MACD (12,26,9):	0.3400
Directional Movement:	31.91
AROON (14):	71.43
DEMA (21):	23.12
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
VORTEX (21):	0.9300
Stochastique (14,3,5):	26.96
TEMA (21):	23.32
Williams %R (14):	-68.93
Chande Momentum Oscillator (20):	1.57
Repulse (5,40,3):	-5.4600
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	10.13

MA7:	22.36
MA20:	21.25
MA50:	21.30
MA100:	26.50
MAexp7:	23.18
MAexp20:	22.72
MAexp50:	22.30
MAexp100:	21.77
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

News

The latest news and videos published on SEMTECH CORP. at the time of the analysis were as follows: