MICROCHIP TECHNOLOGY INC (MCHP) Technical Analysis
NASDAQ:MCHP • US5950171042
Current stock price
MCHP Technical Rating and Analysis
Overall MCHP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MCHP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MCHP is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, MCHP also shows a nice and consistent pattern of rising prices.
- MCHP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MCHP has a been trading in the 62.62 - 92.24 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- MCHP has an average volume of 8944160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MCHP is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, MCHP did better than 42% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MCHP Weekly and Daily overview Charts
MCHP Setup Rating and Analysis
Although MCHP has an excellent technical rating, it does not offer a high quality setup 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
MCHP Support and Resistance Analysis
60.52
2 important support areas can be observed.
- Support @62.72 from a trend line in the daily time frame.
- Support @61.13 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 90.18 to 90.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 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 | 91.26 | POSITIVE | MCHP has a high relative strength, it outperformed 91.26% 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) | UP | POSITIVE | The current price of MCHP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.94 | OVERBOUGHT | The high RSI value suggests MCHP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.32 | POSITIVE | The MACD value suggests MCHP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.14 | NEUTRAL | The Stochastics value for MCHP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 37.28 | 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
90.17
+5.91 (+7.01%)
MICROCHIP TECHNOLOGY INC / MCHP TA FAQ
Can you provide the ChartMill technical rating for MICROCHIP TECHNOLOGY INC?
ChartMill assigns a technical rating of 10 / 10 to MCHP.
What is the trend direction for MCHP stock?
The current trend direction for MICROCHIP TECHNOLOGY INC (MCHP) is Bullish.
What is the RSI signal for MCHP stock?
MICROCHIP TECHNOLOGY INC (MCHP) has an RSI value of 72.9406. This indicates that the stock is currently overbought.
What is the short term momentum for MICROCHIP TECHNOLOGY INC (MCHP) stock?
The short term momentum for MICROCHIP TECHNOLOGY INC (MCHP) is positive.
Can you provide the buy/sell signal for MICROCHIP TECHNOLOGY INC?
The buy/sell signal for MICROCHIP TECHNOLOGY INC (MCHP) is buy as both the short term and long term trends are positive.