SMTC Forecast + Trading Strategies


Bullish Case: Recent strong performance, short-term price recovery, and robust industrial and consumer market growth may continue driving SMTC price higher.


Bearish Case: High short interest, historical long-term price decline, and uncertainties around merger synergies might exert downward pressure on SMTC.


Potential Outcomes: Price rise due to market growth (60%), decline on bearish sentiment (30%), stability if factors offset (10%).


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April 09, 2024


Semtech Forecast

SMTC        Semtech
Price Forecast: BULLISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with SMTC



KBR Forecast + Options Trading Strategies   KBR  KBR (0.82)


BOOT Forecast + Options Trading Strategies   BOOT  Boot Barn (0.8)


SG Forecast + Options Trading Strategies   SG  Sweetgreen (0.8)


ALGN Forecast + Options Trading Strategies   ALGN  Align Technology (0.75)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.74)



Uncorrelated Stock Forecasts

Assets with little price relationship to SMTC



BR Forecast + Options Trading Strategies   BR  Broadridge Financial Solutions (-0.0)


IBM Forecast + Options Trading Strategies   IBM  International Business Machines (-0.0)


TWLO Forecast + Options Trading Strategies   TWLO  Twilio (-0.0)


WPM Forecast + Options Trading Strategies   WPM  Wheaton Precious Metals (-0.0)


WM Forecast + Options Trading Strategies   WM  Waste Management (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SMTC



DAVA Forecast + Options Trading Strategies   DAVA  Endava plc (-0.54)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.54)


LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (-0.56)


NFE Forecast + Options Trading Strategies   NFE  New Fortress Energy (-0.6)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.72)





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