The Greedy Trader Weekly Analysis
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Semiconductors Industry Stocks Technical Analysis - MCHP

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- 7/24/2026 -
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Microchip Technology (MCHP) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range is oversold
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It was the negative week for the Microchip Technology (MCHP). During the week, the MCHP dropped -2.10 points, or -2.59%, and closed at 78.86 on Friday, July 24, 2026. MCHP was trading at average weekly trading volume.

Long-term trend: [See MCHP long-term trend chart]
A long-term downtrend had started on February 17, 2021 at 166.67 and reached 34.13 on April 7, 2025. MCHP lost 132.54 points, or 79.52%, in 215 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (24.64) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See MCHP medium-term trend chart]
A medium-term uptrend had started on November 21, 2025 at 48.52 and reached 105.91 on May 8, 2026. MCHP gained -57.39 points, or -118.28%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 69.35 and resistance is at 125.79. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See MCHP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since July 2, 2026. Use the following link to access a MACD help.

Short-term trend: [See MCHP short-term trend chart]
A short-term downtrend had started on June 22, 2026 at 104.03 and reached 78.00 on July 17, 2026. MCHP lost 26.03 points, or 25.02%, in 25 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since June 23, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.52
Williams' Percentage Range (W%R) 83.70
Oversold
Lane's Stochastic (%D-Slow) 32.45
Greed/Fear Indicator (GFI) 28.44
Moving Average Converg./Diverg. (MACD) -2.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.07
Williams' Percentage Range (W%R) 55.00
Lane's Stochastic (%D-Slow) 26.93
Greed/Fear Indicator (GFI) 40.09
Moving Average Converg./Diverg. (MACD) 6.03
Trading Signals
Description Value Chart
Upper Bollinger Band 92.04
50 Day Moving Average 90.85
Parabolic System 85.57
20 Day Moving Average 85.25
Weekly Stochastic Crossing 82.55
Daily Stochastic Crossing 81.62
Lower Bollinger Band 78.92
Price 78.86
Monthly Trendline Support 69.35
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Semiconductors 38
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 104.03
High Date 06/22/2026
Low 78.00
Low Date 07/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.91
High Date 05/08/2026
Low 78.00
Low Date 07/17/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 125.79
Support 69.35
Low 48.52
Low Date 11/21/2025
High 105.91
High Date 05/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.13
Low Date 04/07/2025
High 105.91
High Date 05/08/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 57.12
Support 24.64
High 166.67
High Date 02/17/2021
Low 34.13
Low Date 04/07/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.