When (SMTC) Moves Investors should Listen
February 03, 2025, 21:24 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SMTC
- Buy SMTC near 62.89 target 73.52 stop loss @ 62.71 Details
The technical summary data tells us to buy SMTC near 62.89 with an upside target of 73.52. This data also tells us to set a stop loss @ 62.71 to protect against excessive loss in case the stock begins to move against the trade. 62.89 is the first level of support below 63.46 , and by rule, any test of support is a buy signal. In this case, support 62.89 is being tested, a buy signal would exist.
- Short SMTC slightly under 73.52, target 62.89, stop loss @ 73.73 Details
The technical summary data is suggesting a short of SMTC as it gets near 73.52 with a downside target of 62.89. We should have a stop loss in place at 73.73though. 73.52 is the first level of resistance above 63.46, and by rule, any test of resistance is a short signal. In this case, if resistance 73.52 is being tested, a short signal would exist.
Swing Trading Plans for SMTC
- Buy SMTC slightly over 67.33, target 73.52, Stop Loss @ 67.14 Details
If 67.33 begins to break higher, the technical summary data tells us to buy SMTC just slightly over 67.33, with an upside target of 73.52. The data also tells us to set a stop loss @ 67.14 in case the stock turns against the trade. 67.33 is the first level of resistance above 63.46, and by rule, any break above resistance is a buy signal. In this case, 67.33, 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 67.33, target 62.89, Stop Loss @ 67.52. Details
The technical summary data is suggesting a short of SMTC if it tests 67.33 with a downside target of 62.89. We should have a stop loss in place at 67.52 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, 67.33, 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 65.14, target 67.33, Stop Loss @ 64.99 Details
If 65.14 begins to break higher, the technical summary data tells us to buy SMTC just slightly over 65.14, with an upside target of 67.33. The data also tells us to set a stop loss @ 64.99 in case the stock turns against the trade. 65.14 is the first level of resistance above 63.46, and by rule, any break above resistance is a buy signal. In this case, 65.14, 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 65.14, target 62.89, Stop Loss @ 65.29. Details
The technical summary data is suggesting a short of SMTC if it tests 65.14 with a downside target of 62.89. We should have a stop loss in place at 65.29 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, 65.14, 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 February 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
52.65 |
| P2 |
65.14 |
54.58 |
62.89 |
| P3 |
70.04 |
67.33 |
73.52 |
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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