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Stock Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Microchip Technology Incorporated (NASDAQ:MCHP)

Sidelines Mode (-55) - MCHP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
74.73 75.27 74.39 74.77 -0.08
Entry Signal

MarketClub’s Trade Triangles for MCHP

long term up The long-term trend has been UP since Aug 27th, 2021 at 159.680

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2021 at 152.990

short term up The short-term trend has been UP since Oct 15th, 2021 at 72.825

Smart Scan Analysis for MCHP

Based on our trend formula, MCHP is rated as a -55 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
74.73 75.27 74.39 74.77 -0.08
Prev. Close Volume Bid Ask Time
74.85 649057 2021-10-20 13:13:26
Year High104.2Year High Date2018-06-08
Year Low60.7Year Low Date2018-10-26
52wk High83.33552wk High Date2021-02-17
52wk Low51.172552wk Low Date2020-10-29
Year End Close32.59Average Volume3,543,391
Shares Outstanding548,080Short Interest17,589,916
% Institutional99.5Market Cap22,714M
P/E Ratio87.5439Beta1.08
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