MICROCHIP TECHNOLOGY INC (MCHP) Stock Technical Analysis
NASDAQ:MCHP - Nasdaq - US5950171042 - Common Stock - Currency: USD
Taking everything into account, MCHP scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MCHP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
MCHP is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 77% of 110 stocks in the same industry.
In the last month MCHP has a been trading in the 63.63 - 74.40 range, which is quite wide. It is currently trading near the high of this range.
MCHP has an average volume of 9828630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MCHP did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
MCHP has an excellent technical rating, but the quality of the setup is only medium 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
69.67
73.89
We found 1 important support area.
- A support zone ranging from 70.37 to 70.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 73.07 to 73.16. 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 | UP | POSITIVE | The long term trend for MCHP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCHP is up. |
| ChartMill Relative Strength | 88.07 | POSITIVE | MCHP has a high relative strength, it outperformed 88.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCHP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCHP is above the rising 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) | 71.59 | OVERBOUGHT | The high RSI value suggests MCHP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests MCHP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.58 | OVERBOUGHT | The high Stochastics value suggests MCHP may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 41.33 | 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)
73.06
-0.1 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.14%
1 Week3.22%
2 Weeks7.41%
1 Month12.97%
3 Month101.71%
6 Month26.69%
12 Month-20.71%
2 Year-22.23%
3 Year6.1%
5 Year43.64%
10 Year241.08%
15 Year379.87%
Volatility
ATR(14)2.13
ATR(20)%3.05%
ATR Inc-6.17%
Range Today1.46
ADR(20)2.02
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.07
Mansfield0.39
10 Day High74.4
10 Day Low67.38
20 Day High74.4
20 Day Low63.63
52 Week High96.98
52 Week Low34.13
CS1 End65.73
CR1 Start70.5
Volume & EV
DER(3)0.61%
DER(5)0.69%
Volume3.81M
Volume Incr-33.91%
Vol(5)6.57M
Vol(50)9.83M