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SMTC forms Directional Movement Crossover Bullish on August 7

Semtech Corporation (SMTC) — Daily Technical Analysis & Swing Trading Signals · Aug 7, 2026, 17:39 ET
SMTC posted a 3.46% gain on Friday, August 7th, accompanied by 0.6× normal trading volume. Mixed technical signals appeared with Directional Movement Crossover Bullish suggesting upside potential, while 50 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 135.77, 132.09 & 128.18, with resistance at 143.37, 147.28 & 150.96.

Current SwingTradeBot Technical Rating of SMTC: B

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Semtech Corporation (SMTC)