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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MCHP
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Green day on Friday for Microchip Technology Incorporated
(Updated on Jun 21, 2024)

Sell candidate since Jun 18, 2024 Loss -2.00% PDF

The Microchip Technology Incorporated stock price gained 2.88% on the last trading day (Friday, 21st Jun 2024), rising from $89.02 to $91.58. During the last trading day the stock fluctuated 3.70% from a day low at $88.75 to a day high of $92.03. The price has fallen in 6 of the last 10 days and is down by -1.91% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $879.94 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.44% during the next 3 months and, with a 90% probability hold a price between $96.10 and $112.00 at the end of this 3-month period.

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MCHP Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Microchip Technology Incorporated stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $91.96 and $93.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -7.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Microchip Technology Incorporated stock

Microchip Technology Incorporated finds support from accumulated volume at $90.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.28 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 3.26%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MCHP) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Microchip Technology Incorporated to open at $90.79, and during the day (based on 14 day Average True Range), to move between $88.92 and $94.24, which gives a possible trading interval of +/-$2.66 (+/-2.90%) up or down from last closing price. If Microchip Technology Incorporated takes out the full calculated possible swing range there will be an estimated 5.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $90.68 (0.98%) than the resistance at $93.36 (1.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Microchip Technology Incorporated stock A Buy?

The Microchip Technology Incorporated stock holds several negative signals and despite the positive trend, we believe Microchip Technology Incorporated will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.006 Sell Candidate Unchanged

Predicted Opening Price for Microchip Technology Incorporated of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$90.79 ( 0.87%) $91.58

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MCHP

Fibonacci Support & Resistance Levels

Level Price
R3 94.07 2.72%
R2 92.81 1.35%
R1 92.04 0.502%
Price 91.58
S1 89.53 -2.23%
S2 88.76 -3.08%
S3 87.51 -4.45%

Accumulated Volume Support & Resistance Levels

Level Price
R3 99.49 8.64%
R2 94.30 2.97%
R1 93.36 1.94%
Price 91.58
S1 90.68 -0.98%
S2 89.02 -2.80%
S3 88.79 -3.05%

MCHP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 21, 2024 May 21, 2024 Jun 05, 2024 $0.452 0.479%
2 Feb 01, 2024 Feb 22, 2024 Mar 08, 2024 $0.450 0.507%
3 Nov 02, 2023 Nov 21, 2023 Dec 06, 2023 $0.440 0.526%
4 Aug 03, 2023 Aug 21, 2023 Sep 05, 2023 $0.410 0.503%
5 May 04, 2023 May 19, 2023 Jun 05, 2023 $0.383 0.509%

FAQ

What is the symbol for Microchip Technology Incorporated Stock and on which exchange is it traded?
The symbol for Microchip Technology Incorporated is MCHP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Microchip Technology Incorporated Stock?
The Microchip Technology Incorporated stock holds several negative signals and despite the positive trend, we believe Microchip Technology Incorporated will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Microchip Technology Incorporated Stock?
Microchip Technology Incorporated Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Microchip Technology Incorporated Stock.

What's the current price of Microchip Technology Incorporated Stock?
As of the end of day on the Jun 21, 2024, the price of an Microchip Technology Incorporated (MCHP) share was $91.58.

What is the 52-week high and low for Microchip Technology Incorporated Stock?
The 52-week high for Microchip Technology Incorporated Stock is $100.57 and the 52-week low is $68.75.

What is the market capitalization of Microchip Technology Incorporated Stock?
As of the Jun 21, 2024, the market capitalization of Microchip Technology Incorporated is 47.794B.

When is the next earnings date for Microchip Technology Incorporated?
The upcoming earnings date for Microchip Technology Incorporated is Aug 01, 2024.
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About Microchip Technology Incorporated

Microchip Technologyorporated Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired c... MCHP Profile

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