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Semiconductors Industry Stocks Technical Analysis - MCHPArchive
- 5/2/2025 -
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Microchip Technology (MCHP) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Microchip Technology (MCHP). During the week, the MCHP gained 1.02 points, or 2.18%, and closed at 47.91 on Friday, May 2, 2025. Weekly volume was 10% above average.
 Long-term trend: [See MCHP long-term trend chart]
A long-term downtrend had started on May 24, 2024 at 100.57 and reached 34.13 on April 7, 2025. MCHP lost 66.44 points, or 66.06%, in 45 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 31.73 and resistance is at 55.81. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See MCHP medium-term trend chart]
A medium-term downtrend had started on February 20, 2025 at 65.34 and reached 34.13 on April 7, 2025. MCHP lost 31.21 points, or 47.77%, in 6 weeks. The price is now at the 44.15% retracement level.
 Weekly Technical Indicators: [See MCHP weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.
The weekly MACD line is below its signal line since March 28, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See MCHP short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 34.13 and reached 48.53 on May 2, 2025. MCHP gained -14.40 points, or -42.19%, in 25 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 45.29 and resistance is at 48.61. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 17, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
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