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Is SMTC showing upside potential? Directional Movement Crossover Bullish shows up after rising 3.44%

Semtech Corporation (SMTC) — Daily Technical Analysis & Swing Trading Signals · Aug 7, 2026, 19:59 ET
SMTC closed up 3.44% on Friday, August 7th, with volume running 0.6× below average. 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 135.75, 132.08 & 128.16, with resistance at 143.35, 147.27 & 150.94.

Current SwingTradeBot Technical Rating of SMTC: B

What else did SMTC do today? Find out on SwingTradeBot.

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Semtech Corporation (SMTC)