|
|
Semiconductors Industry Stocks Technical Analysis - MCHPArchive
- 9/13/2024 -
Sign In to see current Signals. |
Microchip Technology (MCHP) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Microchip Technology (MCHP). During the week, the MCHP gained 3.53 points, or 4.76%, and closed at 77.62 on Friday, September 13, 2024. Weekly volume was -15% below 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 54.33 on July 5, 2022. MCHP lost 112.34 points, or 67.40%, in 71 weeks. The chart has formed a Rising Channel chart pattern. The downtrend support line (79.96) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support 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 71.77 on August 7, 2024. MCHP lost 28.80 points, or 28.64%, in 10 weeks. The price is now at the 20.31% retracement level.
 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 June 21, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 August 21, 2024 at 82.87 and reached 73.15 on September 10, 2024. MCHP lost 9.72 points, or 11.73%, in 20 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 71.03 and resistance is at 82.28. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
| |
|
|