The Greedy Trader Weekly Analysis
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- 1/16/2026 -
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Microchip Technology (MCHP) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
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It was the negative week for the Microchip Technology (MCHP). During the week, the MCHP gave back -0.52 points, or -0.69%, and closed at 74.70 on Friday, January 16, 2026. Weekly volume was -33% below average.

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 (28.41) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MCHP may retest the broken resistance line. It is considered to be a support line now. 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 downtrend had started on July 10, 2025 at 77.20 and reached 48.52 on November 21, 2025. MCHP lost 28.68 points, or 37.15%, in 19 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (39.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MCHP may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.

Weekly Technical Indicators: [See MCHP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought 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 above its signal line since December 19, 2025. 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 November 21, 2025 at 48.52 and reached 76.06 on January 9, 2026. MCHP gained -27.54 points, or -56.76%, in 49 days. Price is near the trend high.

Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since January 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.60
Williams' Percentage Range (W%R) 5.10
Strong Overbought
Lane's Stochastic (%D-Slow) 82.24
Overbought
Greed/Fear Indicator (GFI) 84.26
Overbought
Moving Average Converg./Diverg. (MACD) 2.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.78
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 86.00
Overbought
Greed/Fear Indicator (GFI) 79.47
Moving Average Converg./Diverg. (MACD) -0.03
Trading Signals
Description Value Chart
Upper Bollinger Band 79.34
Daily Stochastic Crossing 75.33
Price 74.70
Weekly Stochastic Crossing 72.17
20 Day Moving Average 69.24
Parabolic System 69.05
Yearly Trendline Resistance 67.48
50 Day Moving Average 62.75
Lower Bollinger Band 60.73
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry Semiconductors 51
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.52
Low Date 11/21/2025
High 76.06
High Date 01/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 50.38
Support 39.77
High 77.20
High Date 07/10/2025
Low 48.52
Low Date 11/21/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.13
Low Date 04/07/2025
High 77.20
High Date 07/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.57
High Date 05/24/2024
Low 34.13
Low Date 04/07/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 67.48
Support 28.41
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.