The analysis of SMCI stock shows a reaction at 43.88 after the market increase. The analyst notes a bottom for a pullback at 40.71, anticipating a rise. The stock is showing strength in engulfing the last two trading days with a solid green bar. On a weekly timeframe, after a pullback, the stock is trading in ascending support trying to break the long-term resistance around 62.32. There is buying pressure with a lower wick. If the stock manages to break from the range of 48 to 49, then analysts predict the stock price will fill the gap down. Analyst sets 49 target price which can potentially fill the gap between 48-49.