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Stock Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

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.

NASDAQ_MCHP
Open High Low MCHP Price Change
77.50 77.63 74.74 75.31 -1.89
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 down The short-term trend has been DOWN since Jun 1st, 2023 at 74.700

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).

+55
Smart Scan Analysis for MCHP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
77.50 77.63 74.74 75.31 -1.89
Prev. Close Volume Bid Ask Time
77.20 2988509 2023-06-05 15:59:15
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 Volume5,363,536
Shares Outstanding545,384Short Interest17,589,916
% Institutional99.5Market Cap22,714M
Assets163,703,000MLiabilities163,233,000M
P/E Ratio19.204Beta1.08
Volatility48.74
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