The Greedy Trader Weekly Analysis
Sign In Aug 7, 2026
Skip Navigation Links
Share
Number of records: 2
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

Archive
- 7/31/2026 -
Sign In to see current Signals.

Microchip Technology (MCHP) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance lineLane's Stochastic is oversoldTrend support at 69.97
Daily :Lane's Stochastic is oversold
Move cursor over the icon to see details.

It was the negative week for the Microchip Technology (MCHP). During the week, the MCHP dropped -4.57 points, or -5.80%, and closed at 74.29 on Friday, July 31, 2026. Weekly volume was 39% 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 (24.50) 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 price is near the trend support (69.97) 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 medium-term trend.

Weekly Technical Indicators: [See MCHP weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since July 2, 2026. The distance between MACD and the signal line is relatively high and 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 June 22, 2026 at 104.03 and reached 71.24 on July 29, 2026. MCHP lost 32.79 points, or 31.52%, in 37 days. The chart has formed a Falling Channel chart pattern.

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.

The daily MACD line is below its signal line since June 23, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.47
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 14.92
Oversold
Greed/Fear Indicator (GFI) 26.40
Moving Average Converg./Diverg. (MACD) -3.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.80
Williams' Percentage Range (W%R) 61.90
Lane's Stochastic (%D-Slow) 15.28
Oversold
Greed/Fear Indicator (GFI) 31.92
Moving Average Converg./Diverg. (MACD) 5.58
Trading Signals
Description Value Chart
Upper Bollinger Band 91.22
50 Day Moving Average 88.89
20 Day Moving Average 81.89
Parabolic System 79.78
Weekly Stochastic Crossing 75.80
Price 74.29
Daily Stochastic Crossing 73.25
Lower Bollinger Band 71.58
Monthly Trendline Support 69.97
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Semiconductors 23
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 104.03
High Date 06/22/2026
Low 71.24
Low Date 07/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.91
High Date 05/08/2026
Low 71.24
Low Date 07/29/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 127.71
Support 69.97
Low 48.52
Low Date 11/21/2025
High 105.91
High Date 05/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.13
Low Date 04/07/2025
High 105.91
High Date 05/08/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 56.72
Support 24.50
High 166.67
High Date 02/17/2021
Low 34.13
Low Date 04/07/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.