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Archive
- 7/17/2026 -
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Microchip Technology (MCHP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Microchip Technology (MCHP). During the week, the MCHP dropped -7.63 points, or -8.61%, and closed at 80.96 on Friday, July 17, 2026. Weekly volume was 13% above average.
 Long-term trend: [See MCHP long-term trend chart]
A long-term downtrend had started on February 17, 2021 at 166.67 and reached 34.13 on April 7, 2025. MCHP lost 132.54 points, or 79.52%, in 215 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (24.79) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See MCHP medium-term trend chart]
A medium-term uptrend had started on November 21, 2025 at 48.52 and reached 105.91 on May 8, 2026. MCHP gained -57.39 points, or -118.28%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 68.72 and resistance is at 123.88. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MCHP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 2, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See MCHP short-term trend chart]
A short-term downtrend had started on May 8, 2026 at 105.91 and reached 78.00 on July 17, 2026. MCHP lost 27.91 points, or 26.35%, in 70 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (80.59) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.
 Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since June 23, 2026. This is an indication that the short-term trend is down.
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