MICROCHIP TECHNOLOGY INC (MCHP) Technical Analysis
NASDAQ:MCHP • US5950171042
Current stock price
65.16 USD
-0.47 (-0.72%)
At close:
65.16 USD
0 (0%)
After Hours:
MCHP Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to MCHP. MCHP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- MCHP is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 66% of 115 stocks in the same industry do better.
- MCHP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- MCHP has an average volume of 9253570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, MCHP did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- MCHP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MCHP is lagging the market slightly.
MCHP Weekly and Daily overview Charts
MCHP Setup Rating and Analysis
MCHP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
MCHP Support and Resistance Analysis
58.32
78.02
We found 3 important support areas.
- A support zone ranging from 63.30 to 63.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 61.94 to 61.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.91 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 65.17 to 66.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.08 from a horizontal line in the daily time frame.
- Resistance @77.25 from a trend line in the weekly time frame.
MCHP Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MCHP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCHP is down. |
| ChartMill Relative Strength | 78.68 | POSITIVE | MCHP has a high relative strength, it outperformed 78.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCHP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCHP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MCHP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.72 | NEUTRAL | The RSI value for MCHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests MCHP has a positive trend. |
| Stochastics (14,3) | 42.95 | NEUTRAL | The Stochastics value for MCHP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 29.07 | POSITIVE | The high ADX value value for MCHP suggests a strong trend. |
MCHP Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
MCHP Technicals: Chart, Performance Metrics, Trend & Indicators
65.16
-0.47 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.72%
1 Week0.7%
2 Weeks-0.96%
1 Month-13.66%
3 Month0.34%
6 Month1.15%
12 Month33.8%
2 Year-27.37%
3 Year-22.22%
5 Year-16.04%
10 Year170.37%
15 Year242.86%
Volatility
ATR(14)2.71
ATR(20)%4.28%
ATR Inc10.95%
Range Today3.27
ADR(20)2.43
ADR(20)%3.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.68
3 months CRS66.57
6 months CRS61.59
Mansfield0.02
10 Day High68.1
10 Day Low61.39
20 Day High75.96
20 Day Low61.39
52 Week High83.35
52 Week Low34.13
CS1 End63.92
CR1 Start65.17
Volume & EV
DER(3)-0.78%
DER(5)1.22%
Volume6.58M
Volume Incr1.56%
Vol(5)8.57M
Vol(50)9.25M
MICROCHIP TECHNOLOGY INC / MCHP TA FAQ
Can you provide the ChartMill technical rating for MICROCHIP TECHNOLOGY INC?
ChartMill assigns a technical rating of 1 / 10 to MCHP.
What is the trend direction for MCHP stock?
The current trend direction for MICROCHIP TECHNOLOGY INC (MCHP) is Bearish.
Can you provide the RSI signal for MICROCHIP TECHNOLOGY INC?
MICROCHIP TECHNOLOGY INC (MCHP) has an RSI value of 40.7226. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MICROCHIP TECHNOLOGY INC?
MICROCHIP TECHNOLOGY INC (MCHP) has a support level at 63.92 and a resistance level at 65.17. Check the full technical report for our detailed analysis of MCHP support and resistance levels.