Technical Analysis for MCHP - Microchip Technology Incorporated

Grade Last Price % Change Price Change
A 84.79 -2.00% -1.73
MCHP closed down 2.0 percent on Wednesday, February 8, 2023, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
New 52 Week Closing High Bullish -2.00%
New Uptrend Bullish -2.00%
Pocket Pivot Bullish Swing Setup -2.00%
Upper Bollinger Band Walk Strength -2.00%
Above Upper BB Strength -2.00%

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Alert Time
Down 2 % about 10 hours ago
Possible NR7 about 12 hours ago
Possible Inside Day about 12 hours ago
60 Minute Opening Range Breakdown about 15 hours ago
Gap Down Partially Closed about 16 hours ago

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Microchip Technology Incorporated Description

Microchip Technology Incorporated engages in developing, manufacturing, and selling semiconductor products for embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name, as well as 16-bit dsPIC digital signal controllers (DSC); and development tools that enable system designers to program a PIC microcontroller and dsPIC DSC for specific applications. It also provides analog, interface, and mixed signal products comprising power management, linear, mixed-signal, thermal management, RF Linear drivers, safety and security, USB, Ethernet, wireless, and interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial SRAM memories for production of very small footprint devices. In addition, the company licenses its SuperFlash technology to foundries, integrated device manufacturers, and design partners for use in the manufacture of their advanced microcontroller products, gate array, RF, and analog products that require embedded flash; and provides engineering services. It serves automotive, communications, computing, consumer and industrial control markets. The company sells its products through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.


Sector: Technology
Industry: Semiconductors
Keywords: S&P 500 Computing Nasdaq 100 Semiconductor IBD 50 Engineering Services Ethernet Flash Power Management Device Manufacturers Usb Computer Architecture Semiconductor Products Microcontroller Thermal Management Integrated Device Manufacturer Memory Products Specific Applications Analog Products Interface Products SRAM Print Devices

Is MCHP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 87.76
52 Week Low 54.34
Average Volume 4,519,278
200-Day Moving Average 68.09
50-Day Moving Average 75.34
20-Day Moving Average 78.18
10-Day Moving Average 81.61
Average True Range 2.56
RSI 66.22
ADX 27.41
+DI 37.14
-DI 11.52
Chandelier Exit (Long, 3 ATRs) 80.07
Chandelier Exit (Short, 3 ATRs) 79.10
Upper Bollinger Bands 87.06
Lower Bollinger Band 69.29
Percent B (%b) 0.87
BandWidth 22.74
MACD Line 3.20
MACD Signal Line 2.27
MACD Histogram 0.9309
Fundamentals Value
Market Cap 22.8 Billion
Num Shares 269 Million
EPS 2.34
Price-to-Earnings (P/E) Ratio 36.30
Price-to-Sales 6.56
Price-to-Book 6.31
PEG Ratio 1.52
Dividend 1.47
Dividend Yield 1.73%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 87.51
Resistance 3 (R3) 87.75 87.08 87.06
Resistance 2 (R2) 87.08 86.39 86.96 86.91
Resistance 1 (R1) 85.94 85.96 85.60 85.70 86.76
Pivot Point 85.27 85.27 85.10 85.15 85.27
Support 1 (S1) 84.12 84.58 83.79 83.88 82.82
Support 2 (S2) 83.45 84.15 83.33 82.67
Support 3 (S3) 82.31 83.45 82.52
Support 4 (S4) 82.07