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Uptrend Broken SupportArchive
- 8/8/2025 -
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Microchip Technology (MCHP) Technical Analysis
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| Summary:
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| | It was the negative week for the Microchip Technology (MCHP). During the week, the MCHP dropped -4.49 points, or -6.77%, and closed at 61.87 on Friday, August 8, 2025. Weekly volume was 32% above 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 Broadening Ascending Wedge chart pattern. The trend support level is at 31.66 and resistance is at 120.18. 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 chart has formed a Rising Wedge chart pattern. The uptrend support line (86.70) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MCHP may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 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 below overbought area. 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 link to access Lane's Stochastic 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. Use the following link to access a MACD help.
 Short-term trend: [See MCHP short-term trend chart]
A short-term downtrend had started on July 29, 2025 at 71.54 and reached 60.88 on August 8, 2025. MCHP lost 10.66 points, or 14.90%, in 10 days. The price is now at the 9.29% retracement level.
 Daily Technical Indicators: [See MCHP daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since June 16, 2025. This is an indication that the short-term trend is down.
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