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Archive
- 9/11/2026 -
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Microchip Technology (MCHP) Technical Analysis
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| Summary:
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| | It was a second positive week after 3 consecutive negative weeks for the Microchip Technology (MCHP). During the week, the MCHP climbed 0.03 points, or 0.04%, and closed at 74.20 on Friday, September 11, 2026. Weekly volume was -21% below average.
MCHP is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 (23.65) 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 April 7, 2025 at 34.13 and reached 105.91 on May 8, 2026. MCHP gained -71.78 points, or -210.31%, in 56 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 66.62 and resistance is at 117.72. 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since July 2, 2026. The distance between MACD and the signal line is relatively high, but getting smaller. 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 September 1, 2026 at 70.45 and reached 75.16 on September 11, 2026. MCHP gained -4.71 points, or -6.69%, in 10 days. The price is now at the 20.38% retracement level.
 Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since September 3, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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