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Uptrend SupportArchive - 7/31/2026 - Sign In to see current Signals. |
Microchip Technology (MCHP) Technical Analysis
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| Summary:
| | Weekly :   | | Daily : 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.
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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 |
6 |
| Industry |
Semiconductors |
23 |
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| 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 |
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| Weekly Trend |
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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 |
71.24 |
| Low Date |
07/29/2026 |
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| 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 |
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| Quarterly 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 |
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 |
56.72 |
| Support |
24.50 |
| High |
166.67 |
| High Date |
02/17/2021 |
| Low |
34.13 |
| Low Date |
04/07/2025 |
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