MICROCHIP TECHNOLOGY INC (MCHP) Stock Technical Analysis
NASDAQ:MCHP - US5950171042 - Common Stock
65 USD
-0.25 (-0.38%)
65.24 USD
+0.24 (+0.37%)
Taking everything into account, MCHP scores 2 out of 10 in our technical rating. MCHP was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
78% of all other stocks performed better in the past year than MCHP.
MCHP is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 66% of 110 stocks in the same industry do better.
MCHP has an average volume of 8823940 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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 60.84 - 70.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MCHP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 62.21, a Stop Loss order could be placed below this zone.
More info and screens
60.33
73.16
We found 1 important support area.
- A support zone ranging from 60.94 to 62.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 65.17 to 66.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @67.81 from a trend line in the daily time frame.
- A resistance zone ranging from 69.14 to 69.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @72.44 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for MCHP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCHP is down. |
| ChartMill Relative Strength | 22.11 | NEGATIVE | MCHP has a low relative strength, it was outperformed by 77.89% 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 | MIXED | The current price of MCHP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.47 | NEUTRAL | The RSI value for MCHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MCHP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.82 | NEUTRAL | The Stochastics value for MCHP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 20.87 | NEUTRAL | The ADX value for MCHP suggests a possible start of a new 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)
65
-0.25 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.38%
1 Week-5.99%
2 Weeks-1.08%
1 Month-2.05%
3 Month11.99%
6 Month10.43%
12 Month-20.89%
2 Year-20.58%
3 Year-0.38%
5 Year18.51%
10 Year205.88%
15 Year368.81%
Volatility
ATR(14)2.26
ATR(20)%3.64%
ATR Inc-23.31%
Range Today1.36
ADR(20)2.19
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.11
Mansfield-0.47
10 Day High70.7
10 Day Low63.68
20 Day High70.7
20 Day Low60.84
52 Week High81.64
52 Week Low34.13
CS1 End62.21
CR1 Start65.17
Volume & EV
DER(3)0.21%
DER(5)-0.47%
Volume9.21M
Volume Incr-3.58%
Vol(5)9.10M
Vol(50)8.82M