MICROCHIP TECHNOLOGY INC (MCHP) Technical Analysis
NASDAQ:MCHP • US5950171042
Current stock price
MCHP Technical Rating and Analysis
Overall MCHP gets a technical rating of 1 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- MCHP is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 64% 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 9288320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that MCHP is one of the better performing stocks in the market, outperforming 72% of all 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 and the volatility has been reduced. There is a support zone below the current price at 62.62, a Stop Loss order could be placed below this zone.
More info and screens
MCHP Support and Resistance Analysis
57.88
2 important support areas can be observed.
- A support zone ranging from 61.93 to 62.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.46 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 63.30 to 64.71. 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 @77.47 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 | 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 | 72.03 | POSITIVE | MCHP has a high relative strength, it outperformed 72.03% 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) | UP | MIXED | The current price of MCHP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.09 | NEUTRAL | The RSI value for MCHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests MCHP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.37 | NEUTRAL | The Stochastics value for MCHP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 30.83 | POSITIVE | The high ADX value value for MCHP suggests a strong trend. |
MCHP Chart- and CandleStick Pattern Analysis
MCHP Technicals: Chart, Performance Metrics, Trend & Indicators
63.29
-1.42 (-2.19%)
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 32.088. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MICROCHIP TECHNOLOGY INC?
The buy/sell signal for MICROCHIP TECHNOLOGY INC (MCHP) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for MICROCHIP TECHNOLOGY INC?
MICROCHIP TECHNOLOGY INC (MCHP) has a support level at 62.62 and a resistance level at 63.3. Check the full technical report for our detailed analysis of MCHP support and resistance levels.