What's the possibility of SEMTEC going up tomorrow?

Semtech's stock is likely to face upward pressure tomorrow, considering the following points:

1. Positive Analyst Ratings and Price Targets: The consensus rating for Semtech is a "Strong Buy" with an average price target of $42.86, which is significantly higher than the current trading price. This suggests that analysts expect the stock to appreciate in the near term.

2. Recent Company Developments: Semtech has been actively collaborating with other companies to expand its connectivity coverage, which could lead to increased revenue and market reach. These strategic moves can positively impact investor sentiment.

3. Technical Levels: The stock's resistance level is at $35.71, and the support level is at $28.48. The fact that the resistance level is above the current trading price indicates that there is potential for the stock to move towards testing the resistance level, which could lead to a short-term increase.

4. Recent News Impact: There has been no recent negative news or events that could significantly impact the stock. This absence of negative catalysts can contribute to a more positive trading environment.
5. Market Sentiment: The overall market sentiment towards Semtech appears positive, with recent upgrades and positive forecasts from analysts. This can influence investor behavior and lead to increased buying interest.
6. Historical Performance: Semtech's stock has shown volatility in the past, with significant price swings. This volatility could imply a higher potential for price movements, both up and down.

In conclusion, while there is no guarantee that Semtech's stock will go up tomorrow, the combination of positive analyst ratings, strategic company developments, and favorable market sentiment suggests that there is a reasonable possibility of the stock experiencing an upward movement.