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Downtrend Broken Resist.Archive
- 1/23/2026 -
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Microchip Technology (MCHP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Microchip Technology (MCHP). During the week, the MCHP climbed 0.01 points, or 0.01%, and closed at 74.71 on Friday, January 23, 2026. Weekly volume was 14% 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 (28.29) 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 downtrend had started on May 24, 2024 at 100.57 and reached 34.13 on April 7, 2025. MCHP lost 66.44 points, or 66.06%, in 45 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (52.23) 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 medium-term trend.
 Weekly Technical Indicators: [See MCHP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 19, 2025. Use the following link to access a MACD help.
 Short-term trend: [See MCHP short-term trend chart]
A short-term uptrend had started on December 17, 2025 at 63.44 and reached 79.50 on January 22, 2026. MCHP gained -16.06 points, or -25.32%, in 36 days. The price is now at the 29.83% retracement level.
 Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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