MICROCHIP TECHNOLOGY INC (MCHP) Stock Technical Analysis
NASDAQ:MCHP - Nasdaq - US5950171042 - Common Stock - Currency: USD
Overall MCHP gets a technical rating of 3 out of 10. In the past year, MCHP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
84% of all other stocks performed better in the past year than MCHP.
MCHP is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 72% of 108 stocks in the same industry do better.
MCHP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MCHP has a been trading in the 50.21 - 65.34 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, which is what you like to see during a strong movement up.
MCHP has an average volume of 9401630 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of MCHP is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
60.46
71.91
3 important resistance areas can be observed.
- Resistance @64.31 from a horizontal line in the daily time frame.
- Resistance @67.16 from a trend line in the daily time frame.
- Resistance @71.20 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
CRS16.53
Mansfield-2.76
10 Day High65.34
10 Day Low50.21
20 Day High65.34
20 Day Low50.21
52 Week High100.57
52 Week Low50.21
Performance
1 Week12.55%
2 Weeks14.99%
1 Month2.52%
3 Month-8.43%
6 Month-25.33%
12 Month-26.28%
2 Year-24.63%
3 Year-13.17%
5 Year34.65%
10 Year138.23%
15 Year351.37%
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)1.29
RSI(14)60.75
LBB47.24
UBB64
61.07
-3.23 (-5.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-5.02%
1 Week12.55%
2 Weeks14.99%
1 Month2.52%
3 Month-8.43%
6 Month-25.33%
12 Month-26.28%
2 Year-24.63%
3 Year-13.17%
5 Year34.65%
10 Year138.23%
15 Year351.37%
Volatility
ATR(14)2.41
ATR(20)%3.85%
ATR Inc27.54%
Range Today3.76
ADR(20)2.21
ADR(20)%3.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.53
Mansfield-2.76
10 Day High65.34
10 Day Low50.21
20 Day High65.34
20 Day Low50.21
52 Week High100.57
52 Week Low50.21
CS1 EndN/A
CR1 Start64.31
Volume & EV
DER(3)-0.91%
DER(5)-0.1%
Volume13.46M
Volume Incr39.96%
Vol(5)13.49M
Vol(50)9.40M