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Archive
- 7/11/2025 -
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Microchip Technology (MCHP) Technical Analysis
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| Summary:
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| | It was a seventh consecutive positive week for the Microchip Technology (MCHP). During the week, the MCHP gained 1.50 points, or 2.05%, and closed at 74.56 on Friday, July 11, 2025. Weekly volume was -13% below average.
MCHP is a member of Information Technology Sector. Information Technology is the 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 Broadening Ascending Wedge chart pattern. The trend support level is at 32.27 and resistance is at 119.02. 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 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 77.20 on July 10, 2025. MCHP gained -43.07 points, or -126.19%, in 13 weeks. The price is now at the 6.13% retracement level.
 Weekly Technical Indicators: [See MCHP weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 2, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 July 7, 2025 at 71.12 and reached 77.20 on July 10, 2025. MCHP gained -6.08 points, or -8.55%, in 3 days. The price is now at the 43.42% retracement level.
 Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since June 16, 2025. The distance between MACD and the signal line is low and getting smaller.
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