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Stock Trend Analysis Report

Prepared for you on Thursday, June 8, 2023.

Microchip Technology Incorporated (NASDAQ:MCHP)

Long-Term Uptrend (+90) - MCHP is in a strong uptrend that is likely to continue. While MCHP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

Open High Low MCHP Price Change
81.170 81.880 80.160 80.675 -0.315
Entry Signal

MarketClub’s Trade Triangles for MCHP

long term up The long-term trend has been UP since Aug 3rd, 2022 at 73.360

intermediate term up The intermediate-term trend has been UP since May 18th, 2023 at 78.005

short term up The short-term trend has been UP since Jun 7th, 2023 at 77.800

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).

Smart Scan Analysis for MCHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
81.170 81.880 80.160 80.675 -0.315
Prev. Close Volume Bid Ask Time
80.990 3435741 2023-06-08 15:20:12
Year High104.2Year High Date2018-06-08
Year Low60.7Year Low Date2018-10-26
52wk High87.7652wk High Date2023-02-03
52wk Low54.3352wk Low Date2022-07-05
Year End Close32.59Average Volume5,278,502
Shares Outstanding545,384Short Interest17,589,916
% Institutional99.5Market Cap22,714M
P/E Ratio20.1468Beta1.08
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