The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/25/2025 -
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Microchip Technology (MCHP) Technical Analysis

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Summary:
Weekly :Oversold sectorLane's Stochastic is oversoldStochastic has raised above the signal lineLane's Stochastic bullish divergence
Daily :Daily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger BandsThe period of high volatility of the stock price
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It was a first positive week for the Microchip Technology (MCHP). During the week, the MCHP gained 8.33 points, or 21.60%, and closed at 46.89 on Friday, April 25, 2025. Weekly volume was 67% above average.

MCHP is a member of Information Technology Sector. Information Technology is the most oversold 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 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 price is now at the 19.21% retracement level.

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 40.88% retracement level.

Weekly Technical Indicators: [See MCHP weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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. 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 11, 2025 at 35.49 and reached 47.50 on April 25, 2025. MCHP gained -12.01 points, or -33.84%, in 14 days. The price is now at the 5.08% retracement level.

Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 106.39% higher then one year average. It indicates the period of high volatility of the stock price. 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) 67.30
Williams' Percentage Range (W%R) 25.60
Lane's Stochastic (%D-Slow) 74.06
Greed/Fear Indicator (GFI) 71.93
Moving Average Converg./Diverg. (MACD) -3.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.55
Williams' Percentage Range (W%R) 67.10
Lane's Stochastic (%D-Slow) 15.41
Oversold Bullish
Greed/Fear Indicator (GFI) 31.27
Moving Average Converg./Diverg. (MACD) -6.82 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 52.59
50 Day Moving Average 50.47
Price 46.89
Daily Stochastic Crossing 45.38
20 Day Moving Average 41.86
Parabolic System 38.66
Weekly Stochastic Crossing 38.57
Lower Bollinger Band 34.51
Sector and Industry
Description Name Rank
Sector Information Technology 1
Industry Semiconductors 34
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.49
Low Date 04/11/2025
High 47.50
High Date 04/25/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.49
Low Date 04/11/2025
High 47.50
High Date 04/25/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.34
High Date 02/20/2025
Low 34.13
Low Date 04/07/2025
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 Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.33
Low Date 07/05/2022
High 100.57
High Date 05/24/2024
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.