MICROCHIP TECHNOLOGY INC (MCHP) Stock Technical Analysis
NASDAQ:MCHP - Nasdaq - US5950171042 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to MCHP. In the last year, MCHP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month MCHP has a been trading in the 64.67 - 77.20 range, which is quite wide. It is currently trading near the lows of this range.
MCHP has an average volume of 8919190 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.
When comparing the performance of all stocks over the past year, MCHP turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
MCHP is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, MCHP did better than 49% of them.
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 only a medium 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 66.16, a Stop Loss order could be placed below this zone.
More info and screens
65.24
76.01
When analyzing the support we notice one important area.
- A support zone ranging from 65.90 to 66.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 73.61 to 75.26. 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 | DOWN | NEGATIVE | The short term trend for MCHP is down. |
| ChartMill Relative Strength | 47.57 | NEUTRAL | MCHP is not amongst the best or worst performers 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) | UP | MIXED | The current price of MCHP is below 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) | 39.01 | NEUTRAL | The RSI value for MCHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.94 | NEGATIVE | The MACD value suggests MCHP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.16 | OVERSOLD | The low Stochastics value suggests MCHP may be oversold. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 26.95 | 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)
66.17
-0.96 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.43%
1 Week-5.86%
2 Weeks-5.81%
1 Month-11.4%
3 Month19.59%
6 Month27.52%
12 Month-13.04%
2 Year-19.15%
3 Year1.41%
5 Year20.64%
10 Year211.39%
15 Year377.25%
Volatility
ATR(14)2.63
ATR(20)%3.65%
ATR Inc-10.2%
Range Today1.79
ADR(20)2.16
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.57
Mansfield-0.35
10 Day High71.54
10 Day Low64.67
20 Day High77.2
20 Day Low64.67
52 Week High82.87
52 Week Low34.13
CS1 End66.16
CR1 Start73.61
Volume & EV
DER(3)0.58%
DER(5)0.84%
Volume6.37M
Volume Incr33.23%
Vol(5)10.34M
Vol(50)8.92M