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(SMTC) Semtech Corporation complete technical analysis [charts+indicators] | Buy/Sell Semtech Corporation | (SMTC) share price targets

Complete technical analysis of Semtech Corporation (SMTC) by charts plus indicators, forecast predictions and share price targets for Semtech Corporation (SMTC)

Semtech Corporation trades in USA in Technology sector.

Showing technical analysis as on 2024-06-06 View latest technical analysis

10 day averaged volume of Semtech Corporation is 1595410

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	37.98	44.33	46.86	37.51	4.161 times
05 Wed Jun 2024	38.68	37.92	38.83	37.50	1.448 times
04 Tue Jun 2024	37.38	37.94	38.10	37.01	1.404 times
03 Mon Jun 2024	38.18	40.33	40.56	37.71	1.141 times
31 Fri May 2024	38.89	39.20	40.00	38.18	1.311 times
30 Thu May 2024	38.91	40.25	40.71	38.21	1.035 times
29 Wed May 2024	40.59	40.37	42.61	40.01	0.882 times
28 Tue May 2024	40.54	40.74	41.39	40.18	0.549 times
23 Thu May 2024	39.38	40.80	40.96	38.70	0.637 times
22 Wed May 2024	39.88	40.91	41.33	39.62	0.598 times

Stock of Semtech Corporation (SMTC) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.5, but if it comes above 38.5, then a intra day buy could be more profitable.
If you take a sell trade below 38.5, then use 38.5 as stoploss and 37.4 as target. However if you take a buy trade in stock , then use 38.5 as stoploss and 39.42 as target.

Share price targets for Semtech Corporation (SMTC)

Target Type	Value
Downside Target	18.72
Downside Target	21.07
Downside Target	21.54
Downside Target	27.52
Downside Target	28.44
Downside Target	36.22
Downside Target	37.01
Upside Target	38.18
Upside Target	40.82
Upside Target	41.62
Upside Target	42.61
Upside Target	46.86

Intraday share price targets for Semtech Corporation (SMTC)

Target Type	Value
Downside Intraday Target	34.37
Downside Intraday Target	30.77
Upside Intraday Target	44.22
Upside Intraday Target	50.47
Upside Intraday Target	40.62

Weekly technical analysis of Semtech Corporation (SMTC)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	37.98	40.33	46.86	37.01	2.159 times
31 Fri May 2024	38.89	40.74	42.61	38.18	1.376 times
23 Thu May 2024	39.38	40.07	41.62	38.70	0.876 times
17 Fri May 2024	39.95	39.60	40.82	38.51	0.737 times
10 Fri May 2024	39.59	39.48	41.36	38.37	0.582 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Semtech Corporation (SMTC)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	37.98	40.33	46.86	37.01	0.456 times
31 Fri May 2024	38.89	36.69	42.61	36.22	0.335 times
30 Tue Apr 2024	37.62	28.52	38.45	27.52	2.314 times
28 Thu Mar 2024	27.49	21.42	28.44	21.07	1.856 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Semtech Corporation (SMTC)

Price action analysis of Semtech Corporation ( (SMTC) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Semtech Corporation ( (SMTC) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Semtech Corporation ( (SMTC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Semtech Corporation stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Semtech Corporation in short term but the sell signal is initial and weak.

Semtech Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Semtech Corporation in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Semtech Corporation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.61 and Semtech Corporation (SMTC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Semtech Corporation (SMTC) stock. Volume based technical analysis of Semtech Corporation (SMTC) stock is negative.

Semtech Corporation Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.