MICROCHIP TECHNOLOGY INC (MCHP) Stock Technical Analysis
NASDAQ:MCHP - Nasdaq - US5950171042 - Common Stock - Currency: USD
Taking everything into account, MCHP scores 2 out of 10 in our technical rating. 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.
85% of all other stocks performed better in the past year than MCHP.
MCHP is part of the Semiconductors & Semiconductor Equipment industry. There are 109 other stocks in this industry, of which 64% are performing better than MCHP.
MCHP is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month MCHP has a been trading in the 34.13 - 48.53 range, which is quite wide. It is currently trading near the high of this range.
MCHP has an average volume of 12616100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
The technical rating of MCHP is bad and it also does not present a 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
42.30
59.22
When analyzing the support we can see 2 important areas.
- Support @45.91 from a horizontal line in the daily time frame.
- Support @42.73 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 47.92 to 47.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @54.60 from a trend line in the daily time frame.
- Resistance @58.63 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.25
Mansfield-3.19
10 Day High48.53
10 Day Low37.41
20 Day High48.53
20 Day Low34.13
52 Week High100.57
52 Week Low34.13
Performance
1 Week2.18%
2 Weeks24.25%
1 Month17.69%
3 Month-11.77%
6 Month-35.96%
12 Month-47.56%
2 Year-36.34%
3 Year-34.05%
5 Year-0.21%
10 Year95.03%
15 Year244.06%
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)
Technical Indicators
MACD(12,26,9)1.27
RSI(14)56.56
LBB35.47
UBB50.62
47.91
+1.93 (+4.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg4.2%
1 Week2.18%
2 Weeks24.25%
1 Month17.69%
3 Month-11.77%
6 Month-35.96%
12 Month-47.56%
2 Year-36.34%
3 Year-34.05%
5 Year-0.21%
10 Year95.03%
15 Year244.06%
Volatility
ATR(14)2.16
ATR(20)%7.09%
ATR Inc-21.52%
Range Today1.42
ADR(20)2.93
ADR(20)%6.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.25
Mansfield-3.19
10 Day High48.53
10 Day Low37.41
20 Day High48.53
20 Day Low34.13
52 Week High100.57
52 Week Low34.13
CS1 End45.91
CR1 Start47.92
Volume & EV
DER(3)-1.28%
DER(5)-0.09%
Volume9.44M
Volume Incr-44.71%
Vol(5)8.87M
Vol(50)12.62M