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Stock Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Microchip Technology Incorporated (NASDAQ:MCHP)

Weak Downtrend (-65) - MCHP is showing signs of a strengthening downtrend. Monitor MCHP as it may be building momentum to the downside.

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
83.89 84.21 80.90 81.71 -2.50
Entry Signal

MarketClub’s Trade Triangles for MCHP

long term up The long-term trend has been UP since Dec 6th, 2023 at 85.1300

intermediate term down The intermediate-term trend has been DOWN since Apr 12th, 2024 at 85.8039

short term down The short-term trend has been DOWN since Apr 11th, 2024 at 87.5700

Smart Scan Analysis for MCHP

Based on our trend formula, MCHP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MCHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
83.89 84.21 80.90 81.71 -2.50
Prev. Close Volume Bid Ask Time
81.68 4083531 2024-04-19 15:59:25
Year High104.2Year High Date2018-06-08
Year Low60.7Year Low Date2018-10-26
52wk High94.352wk High Date2023-07-31
52wk Low68.7552wk Low Date2023-11-01
Year End Close32.59Average Volume4,406,131
Shares Outstanding540,388Short Interest17,589,916
% Institutional99.5Market Cap22,714M
Assets161,430,000MLiabilities906,280,000M
P/E Ratio19.0841Beta1.08
Volatility48.74
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