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Stock Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Microchip Technology Incorporated (NASDAQ:MCHP)
Countertrend Down (-85) - MCHP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for MCHP
The long-term trend has been DOWN since Aug 2nd, 2024 at 82.94
The intermediate-term trend has been DOWN since Oct 31st, 2024 at 74.07
The short-term trend has been UP since Dec 24th, 2024 at 58.00
Smart Scan Analysis for MCHP
Based on our trend formula, MCHP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 57.850 | 59.035 | 57.800 | 58.580 | +0.020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 58.560 | 2179185 | 2024-12-26 14:55:05 |
| Year High | 104.2 | Year High Date | 2018-06-08 |
| Year Low | 60.7 | Year Low Date | 2018-10-26 |
| 52wk High | 100.565 | 52wk High Date | 2024-05-24 |
| 52wk Low | 55.27 | 52wk Low Date | 2024-12-20 |
| Year End Close | 32.59 | Average Volume | 9,471,619 |
| Shares Outstanding | 537,010 | Short Interest | 17,589,916 |
| % Institutional | 99.5 | Market Cap | 22,714M |
| Assets | 156,223,000M | Liabilities | 934,640,000M |
| P/E Ratio | 40.6667 | Beta | 1.08 |
| Volatility | 48.74 |