When (SMTC) Moves Investors should Listen
October 08, 2024, 17:58 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SMTC
- Buy SMTC near 42.2 target 49.6 stop loss @ 42.08 Details
The technical summary data tells us to buy SMTC near 42.2 with an upside target of 49.6. This data also tells us to set a stop loss @ 42.08 to protect against excessive loss in case the stock begins to move against the trade. 42.2 is the first level of support below 42.43 , and by rule, any test of support is a buy signal. In this case, support 42.2 is being tested, a buy signal would exist.
- Short SMTC slightly under 49.6, target 42.2, stop loss @ 49.74 Details
The technical summary data is suggesting a short of SMTC as it gets near 49.6 with a downside target of 42.2. We should have a stop loss in place at 49.74though. 49.6 is the first level of resistance above 42.43, and by rule, any test of resistance is a short signal. In this case, if resistance 49.6 is being tested, a short signal would exist.
Swing Trading Plans for SMTC
- Buy SMTC slightly over 43, target 49.6, Stop Loss @ 42.88 Details
If 43 begins to break higher, the technical summary data tells us to buy SMTC just slightly over 43, with an upside target of 49.6. The data also tells us to set a stop loss @ 42.88 in case the stock turns against the trade. 43 is the first level of resistance above 42.43, and by rule, any break above resistance is a buy signal. In this case, 43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SMTC slightly near 43, target 42.2, Stop Loss @ 43.12. Details
The technical summary data is suggesting a short of SMTC if it tests 43 with a downside target of 42.2. We should have a stop loss in place at 43.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for SMTC
- Buy SMTC slightly over 43, target 44.23, Stop Loss @ 42.9 Details
If 43 begins to break higher, the technical summary data tells us to buy SMTC just slightly over 43, with an upside target of 44.23. The data also tells us to set a stop loss @ 42.9 in case the stock turns against the trade. 43 is the first level of resistance above 42.43, and by rule, any break above resistance is a buy signal. In this case, 43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SMTC slightly near 43, target 42.29, Stop Loss @ 43.1. Details
The technical summary data is suggesting a short of SMTC if it tests 43 with a downside target of 42.29. We should have a stop loss in place at 43.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Semtech Corporation (SMTC) available here: SMTC.
SMTC Ratings for October 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
35.43 |
| P2 |
42.29 |
39.44 |
42.2 |
| P3 |
44.23 |
43 |
49.6 |
AI Generated Signals for SMTC
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Semtech Corporation (NASDAQ: SMTC) report below is a real world example. Included are trading plans for SMTC, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SMTC:
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