
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.
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MarketClub’s Trade Triangles for MCHP
The long-term trend has been UP since Aug 3rd, 2022 at 73.360
The intermediate-term trend has been UP since May 18th, 2023 at 78.005
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).

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 High | 104.2 | Year High Date | 2018-06-08 |
Year Low | 60.7 | Year Low Date | 2018-10-26 |
52wk High | 87.76 | 52wk High Date | 2023-02-03 |
52wk Low | 54.33 | 52wk Low Date | 2022-07-05 |
Year End Close | 32.59 | Average Volume | 5,363,536 |
Shares Outstanding | 545,384 | Short Interest | 17,589,916 |
% Institutional | 99.5 | Market Cap | 22,714M |
Assets | 163,703,000M | Liabilities | 163,233,000M |
P/E Ratio | 19.204 | Beta | 1.08 |
Volatility | 48.74 |