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Stock Trend Analysis Report

Prepared for you on Thursday, December 12, 2024.

Microchip Technology Incorporated (NASDAQ:MCHP)

Long-Term Downtrend (-90) - MCHP is in a strong downtrend that is likely to continue. While MCHP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid MCHP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MCHP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_MCHP
Open High Low MCHP Price Change
61.030 62.040 60.681 61.515 -0.005
Entry Signal

MarketClub’s Trade Triangles for MCHP

long term down The long-term trend has been DOWN since Aug 2nd, 2024 at 82.94

intermediate term down The intermediate-term trend has been DOWN since Oct 31st, 2024 at 74.07

short term down The short-term trend has been DOWN since Dec 3rd, 2024 at 66.60

Smart Scan Analysis for MCHP

Based on our trend formula, MCHP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MCHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.030 62.040 60.681 61.515 -0.005
Prev. Close Volume Bid Ask Time
61.520 3233950 2024-12-12 15:59:39
Year High104.2Year High Date2018-06-08
Year Low60.7Year Low Date2018-10-26
52wk High100.56552wk High Date2024-05-24
52wk Low57.9652wk Low Date2024-12-05
Year End Close32.59Average Volume8,492,274
Shares Outstanding537,010Short Interest17,589,916
% Institutional99.5Market Cap22,714M
Assets156,223,000MLiabilities934,640,000M
P/E Ratio42.7222Beta1.08
Volatility48.74
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