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Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Microchip Technology Incorporated (NASDAQ:MCHP)
Bear Market Rally (-75) - MCHP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MCHP as it may be in the beginning of a reversal.
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.
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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 Nov 6th, 2024 at 75.61
Smart Scan Analysis for MCHP
Based on our trend formula, MCHP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 64.610 | 65.240 | 63.665 | 64.885 | -0.365 |
| Prev. Close | Volume | Bid | Ask | Time |
| 64.880 | 6011722 | 2024-11-19 15:59:36 |
| 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 | 62.625 | 52wk Low Date | 2024-11-15 |
| Year End Close | 32.59 | Average Volume | 6,498,758 |
| 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 | 45.3125 | Beta | 1.08 |
| Volatility | 48.74 |