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Archive
- 10/16/2026 -
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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 -1.70 points, or -2.25%, and closed at 73.85 on Friday, October 16, 2026. Weekly volume was 27% above average.
MCHP is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 (22.92) 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 April 7, 2025 at 34.13 and reached 105.91 on May 8, 2026. MCHP gained -71.78 points, or -210.31%, in 56 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 68.88 and resistance is at 121.16. 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 weekly MACD line is below its signal line since July 2, 2026. 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 October 2, 2026 at 83.40 and reached 69.76 on October 15, 2026. MCHP lost 13.64 points, or 16.35%, in 13 days. The price is now at the 29.99% retracement level.
 Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
9 |
| Industry |
Semiconductors |
78 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
83.40 |
| High Date |
10/02/2026 |
| Low |
69.76 |
| Low Date |
10/15/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
68.75 |
| Low Date |
09/16/2026 |
| High |
83.40 |
| High Date |
10/02/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
105.91 |
| High Date |
05/08/2026 |
| Low |
68.75 |
| Low Date |
09/16/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
121.16 |
| Support |
68.88 |
| Low |
34.13 |
| Low Date |
04/07/2025 |
| High |
105.91 |
| High Date |
05/08/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
52.38 |
| Support |
22.92 |
| High |
166.67 |
| High Date |
02/17/2021 |
| Low |
34.13 |
| Low Date |
04/07/2025 |
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