SEMTECH CORP. - Daily - Technical analysis published on 07/29/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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.
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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
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.
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:
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:
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
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:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 51.68 | 52.29 | 52.69 | 53.30 | 53.70 | 54.31 | 54.71 |
| Camarilla | 52.81 | 52.91 | 53.00 | 53.09 | 53.18 | 53.28 | 53.37 |
| Woodie | 51.58 | 52.24 | 52.59 | 53.25 | 53.60 | 54.26 | 54.61 |
| Fibonacci | 52.29 | 52.68 | 52.91 | 53.30 | 53.69 | 53.92 | 54.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.12 | 47.96 | 48.62 | 49.46 | 50.12 | 50.96 | 51.62 |
| Camarilla | 48.87 | 49.01 | 49.14 | 49.28 | 49.42 | 49.56 | 49.69 |
| Woodie | 47.03 | 47.92 | 48.53 | 49.42 | 50.03 | 50.92 | 51.53 |
| Fibonacci | 47.96 | 48.53 | 48.89 | 49.46 | 50.03 | 50.39 | 50.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.89 | 36.34 | 42.20 | 45.65 | 51.51 | 54.96 | 60.82 |
| Camarilla | 45.49 | 46.34 | 47.20 | 48.05 | 48.90 | 49.76 | 50.61 |
| Woodie | 34.09 | 36.94 | 43.40 | 46.25 | 52.71 | 55.56 | 62.02 |
| Fibonacci | 36.34 | 39.90 | 42.10 | 45.65 | 49.21 | 51.41 | 54.96 |
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% |
News
The last news published on SEMTECH CORP. at the time of the generation of this analysis was as follows:
- Semtech’s BlueRiver® Technology Enables New Market-Leading Solutions from YUAN®
- Semtech to Present at Investor Event
- Semtech Enables 5G Wireless Segments at Distances from 10m to 20km
- Semtech’s LoRa Technology Enabling Smarter Mining Solutions from Transco Industries Inc.
- Semtech’s LoRa Technology Featured in Orion System’s Utility Meters, Gateways and Smart Lighting Solutions
This member declared not having a position on this financial instrument or a related financial instrument.
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