53.58 USD
+1.01 (+1.92%)
53.57 USD
-0.01 (-0.02%)
Taking everything into account, MCHP scores 0 out of 10 in our technical rating. MCHP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than MCHP.
MCHP is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 79% are performing better than MCHP.
MCHP has an average volume of 8036140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MCHP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCHP is lagging the market.
In the last month MCHP has a been trading in the 48.52 - 63.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MCHP has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
48.52
69.83
3 important support areas can be observed.
- A support zone ranging from 52.58 to 52.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.89 from a horizontal line in the weekly time frame.
- A support zone ranging from 49.01 to 49.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 60.55 to 61.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @64.38 from a trend line in the daily time frame.
- Resistance @65.92 from a horizontal line in the daily time frame.
- Resistance @67.35 from a trend line in the weekly time frame.
- Resistance @69.14 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for MCHP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCHP is down. |
| ChartMill Relative Strength | 15.55 | NEGATIVE | MCHP has a low relative strength, it was outperformed by 84.45% 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) | 37.09 | NEUTRAL | The RSI value for MCHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MCHP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.23 | NEUTRAL | The Stochastics value for MCHP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 44.02 | POSITIVE | The high ADX value value for MCHP suggests a strong trend. |
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)
53.58
+1.01 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.92%
1 Week3.48%
2 Weeks-5.5%
1 Month-15.94%
3 Month-19.12%
6 Month-9.42%
12 Month-22.88%
2 Year-37%
3 Year-33.62%
5 Year-21.76%
10 Year117.77%
15 Year212.82%
Volatility
ATR(14)2.36
ATR(20)%4.31%
ATR Inc-9.39%
Range Today1.37
ADR(20)2.04
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.55
3 months CRS13.53
6 months CRS19.33
Mansfield-1.99
10 Day High56.08
10 Day Low48.52
20 Day High63.45
20 Day Low48.52
52 Week High77.2
52 Week Low34.13
CS1 End50.89
CR1 Start52.58
Volume & EV
DER(3)-0.84%
DER(5)-0.51%
Volume3.75M
Volume Incr16.46%
Vol(5)10.05M
Vol(50)8.04M
MICROCHIP TECHNOLOGY INC / MCHP FAQ
What is the technical rating for MCHP stock?
ChartMill assigns a technical rating of 0 / 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 37.0929. 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 -0.0196894, 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 negative.