Is Semtech Corp. technically bullish or bearish?

As of 4 September 2025, the technical trend for Semtech Corp. has changed from mildly bullish to bullish. The current technical stance is bullish, with key indicators supporting this position including bullish MACD readings on both weekly and monthly time frames, bullish Bollinger Bands, and a bullish daily moving average. However, the weekly RSI is bearish, which indicates some short-term weakness. The KST is bullish on a weekly basis but mildly bearish monthly, and Dow Theory shows a mildly bullish stance on both weekly and monthly charts.
In terms of performance, Semtech has outperformed the S&P 500 over the past year with a return of 38.88% compared to the S&P 500's 17.14%, but it has underperformed year-to-date with a return of -1.13% versus 12.22% for the S&P 500. Overall, the bullish trend is supported by strong momentum, despite some mixed signals in the indicators.