MICROCHIP TECHNOLOGY INC (MCHP) Stock Technical Analysis
NASDAQ:MCHP - Nasdaq - US5950171042 - Common Stock - Currency: USD
Overall MCHP gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MCHP was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MCHP is a bad performer in the overall market: 84% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MCHP has an average volume of 12460000 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 110 other stocks in this industry, MCHP did better than 43% of them.
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.
In the last month MCHP has a been trading in the 44.17 - 63.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MCHP has an average technical rating and it also 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
55.63
62.93
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 61.22 to 61.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @62.31 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MCHP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCHP is up. |
| ChartMill Relative Strength | 16.45 | NEGATIVE | MCHP has a low relative strength, it was outperformed by 83.55% 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 | NEGATIVE | The current price of MCHP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.8 | NEUTRAL | The RSI value for MCHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MCHP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.82 | NEUTRAL | The Stochastics value for MCHP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 32.07 | 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)
56.19
-1.86 (-3.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-3.2%
1 Week-8.2%
2 Weeks1.55%
1 Month19.83%
3 Month-7.99%
6 Month-15.74%
12 Month-42.8%
2 Year-25.34%
3 Year-22.66%
5 Year17.04%
10 Year128.74%
15 Year303.52%
Volatility
ATR(14)2.84
ATR(20)%4.53%
ATR Inc5.39%
Range Today1.78
ADR(20)1.91
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.45
Mansfield-1.88
10 Day High63.12
10 Day Low54.54
20 Day High63.12
20 Day Low44.17
52 Week High98.99
52 Week Low34.13
CS1 EndN/A
CR1 Start61.22
Volume & EV
DER(3)0.06%
DER(5)1.15%
Volume10.09M
Volume Incr-23.22%
Vol(5)8.65M
Vol(50)12.46M