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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MCHP did better than 90% of all other stocks.
- 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.
- MCHP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- MCHP has an average volume of 8928420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MCHP is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 65% of 113 stocks in the same industry.
Besides having an excellent technical rating, MCHP also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 75.70, a Stop Loss order could be placed below this zone.
More info and screens
55.23
3 important support areas can be observed.
- A support zone ranging from 74.70 to 75.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.17 from a horizontal line in the daily time frame.
- Support @55.79 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 76.66 to 76.67. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 90.86 | POSITIVE | MCHP has a high relative strength, it outperformed 90.86% 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) | 58.6 | NEUTRAL | The RSI value for MCHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests MCHP has a negative trend. |
| Stochastics (14,3) | 50.35 | NEUTRAL | The Stochastics value for MCHP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 40.1 | POSITIVE | The high ADX value value for MCHP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.68 | 74.69 | 1.99 (2.60%) | 25.00% |
| An entry @76.68. This is a Buy Stop order right above the resistance zone. | An exit @74.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.99 points, which is 2.60%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MCHP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
76.66
-1.42 (-1.82%)
MICROCHIP TECHNOLOGY INC / MCHP 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.
Can you provide the RSI signal for MICROCHIP TECHNOLOGY INC?
MICROCHIP TECHNOLOGY INC (MCHP) has an RSI value of 58.5996. 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 buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for MICROCHIP TECHNOLOGY INC?
MICROCHIP TECHNOLOGY INC (MCHP) has a support level at 75.7 and a resistance level at 76.66. Check the full technical report for our detailed analysis of MCHP support and resistance levels.