MCHPP Technical Analysis - MICROCHIP TECHNOLOGY INC - MCHP 7 1/2 03/15/28

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to MCHPP. In the last year, MCHPP was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, MCHPP is a bad performer in the overall market: 100% of all stocks are doing better.

MCHPP is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 95% are performing better than MCHPP.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

In the last month MCHPP has a been trading in the 58.02 - 61.97 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MICROCHIP TECHNOLOGY INC - MCHP 7 1/2 03/15/28 / MCHPP Weekly stock chart

MICROCHIP TECHNOLOGY INC - MCHP 7 1/2 03/15/28 / MCHPP Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, MCHPP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 59.99, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

56.68

69.98

We found 1 important support area.

A support zone ranging from 57.25 to 60.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 68.54 to 69.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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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 MCHPP is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MCHPP is neutral.
ChartMill Relative Strength	0	NEGATIVE	MCHPP has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MCHPP is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of MCHPP is above a declining SMA(50).
Relative Strength Index/RSI (14)	51.87	NEUTRAL	The RSI value for MCHPP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests MCHPP has a positive trend.
Stochastics (14,3)	41.9	NEUTRAL	The Stochastics value for MCHPP is a neutral value.
Average True Range in percent/ATR (20)	1.93	LOW VOLATILITY	The low ATR as a percentage value for MCHPP suggests low volalility.
Average Directional Index/ADX (14)	17.27	NEGATIVE	The low ADX value for MCHPP suggests a weak or negative trend.