MICROCHIP TECHNOLOGY INC (MCHP) Stock Technical Analysis
USA - NASDAQ:MCHP - US5950171042 - Common Stock
Overall MCHP gets a technical rating of 2 out of 10. MCHP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MCHP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 63.10, a Stop Loss order could be placed below this zone.
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59.80
When analyzing the support we can see 2 important areas.
- A support zone ranging from 62.56 to 63.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 60.40 to 60.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 64.62 to 67.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 68.92 to 69.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for MCHP is neutral. |
| ChartMill Relative Strength | 17.79 | NEGATIVE | MCHP has a low relative strength, it was outperformed by 82.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MCHP is below the rising 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) | UP | POSITIVE | The current price of MCHP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.28 | NEUTRAL | The RSI value for MCHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MCHP has a negative trend. |
| Stochastics (14,3) | 52.18 | NEUTRAL | The Stochastics value for MCHP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.79 | NEGATIVE | The low ADX value for MCHP suggests a weak or negative trend. |
64.55
+1.38 (+2.18%)
MICROCHIP TECHNOLOGY INC / MCHP FAQ
What is the technical rating for MCHP stock?
ChartMill assigns a technical rating of 2 / 10 to MCHP.
What is the current trend direction of MICROCHIP TECHNOLOGY INC (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 48.2803. This indicates that the stock is currently neutral.
What is the MACD signal for MCHP stock?
The MACD indicator for MICROCHIP TECHNOLOGY INC (MCHP) has a value of -0.0793588, indicating a bearish trend.
What is the short term momentum for MICROCHIP TECHNOLOGY INC (MCHP) stock?
The short term momentum for MICROCHIP TECHNOLOGY INC (MCHP) is neutral.