We assign a technical rating of 6 out of 10 to MCHP. MCHP has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
MCHP has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
50.25
4 important support areas can be observed.
- A support zone ranging from 63.99 to 64.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 60.63 to 61.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.68 from a trend line in the weekly time frame.
- Support @50.76 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 66.18 to 67.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 68.76 to 69.14. This zone is formed by a combination of multiple trend lines 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 | 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 | 67.61 | NEUTRAL | MCHP is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of MCHP is above a declining 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) | 58.48 | NEUTRAL | The RSI value for MCHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests MCHP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.78 | NEUTRAL | The Stochastics value for MCHP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for MCHP suggests some volalility. |
| Average Directional Index/ADX (14) | 35.67 | POSITIVE | The high ADX value value for MCHP suggests a strong trend. |
64.91
+0.85 (+1.33%)
MICROCHIP TECHNOLOGY INC / MCHP FAQ
What is the technical rating for MCHP stock?
ChartMill assigns a technical rating of 6 / 10 to MCHP.
What is the current trend direction of MICROCHIP TECHNOLOGY INC (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 58.4844. This indicates that the stock is currently neutral.
What is the MACD signal for MCHP stock?
The MACD indicator for MICROCHIP TECHNOLOGY INC (MCHP) has a value of 0.228712, indicating a bearish trend.
What is the short term momentum for MICROCHIP TECHNOLOGY INC (MCHP) stock?
The short term momentum for MICROCHIP TECHNOLOGY INC (MCHP) is positive.