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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Microchip Technology Incorporated stock price up 3.42% on Wednesday
(Updated on Mar 27, 2024)

Buy candidate since Mar 22, 2024 Gain 1.31% PDF

The Microchip Technology Incorporated stock price gained 3.42% on the last trading day (Wednesday, 27th Mar 2024), rising from $86.24 to $89.19. During the last trading day the stock fluctuated 2.70% from a day low at $86.92 to a day high of $89.27. The price has fallen in 7 of the last 10 days and is down by -1.49% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 598 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $346.21 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Microchip Technology Incorporated stock with a 90% probability to be traded between $82.81 and $95.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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MCHP Signals & Forecast

The Microchip Technology Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $87.94 and $86.03. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -4.45%. 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 $88.64 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 $2.35 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 2.51%.

Our recommended stop-loss: $84.95 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (MCHP) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Microchip Technology Incorporated to open at $88.46, and during the day (based on 14 day Average True Range), to move between $86.68 and $91.70, which gives a possible trading interval of +/-$2.51 (+/-2.82%) up or down from last closing price. If Microchip Technology Incorporated takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $89.65 (0.52%) than the support at $88.64 (0.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Microchip Technology Incorporated stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Microchip Technology Incorporated stock to perform well in the short-term period.

Current score: 2.945 Buy Candidate Unchanged

Predicted Opening Price for Microchip Technology Incorporated of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$88.46 ( 0.82%) $89.19

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
Resistance R3 90.81 1.82 %
R2 89.91 0.81 %
R1 89.36 0.188 %
Current price: 89.19
Support S1 87.56 -1.82 %
S2 87.01 -2.45 %
S3 86.11 -3.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 93.34 4.65 %
R2 90.56 1.54 %
R1 89.65 0.516 %
Current price 89.19
Support S1 88.64 -0.617%
S2 85.44 -4.20%
S3 84.29 -5.49%

MCHP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 01, 2024 Feb 22, 2024 Mar 08, 2024 $0.450 0.507%
2 Nov 02, 2023 Nov 21, 2023 Dec 06, 2023 $0.440 0.526%
3 Aug 03, 2023 Aug 21, 2023 Sep 05, 2023 $0.410 0.503%
4 May 04, 2023 May 19, 2023 Jun 05, 2023 $0.383 0.509%
5 Feb 02, 2023 Feb 17, 2023 Mar 07, 2023 $0.358 0.436%

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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Microchip Technology Incorporated stock to perform well in the short-term period.

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 2024-03-27, the price of an Microchip Technology Incorporated (MCHP) share was $89.19.

What is the 52-week high and low for Microchip Technology Incorporated Stock?
The 52-week high for Microchip Technology Incorporated Stock is $94.30 and the 52-week low is $68.75.

What is the market capitalization of Microchip Technology Incorporated Stock?
As of the 2024-03-27, the market capitalization of Microchip Technology Incorporated is 48.197B.

When is the next earnings date for Microchip Technology Incorporated?
The upcoming earnings date for Microchip Technology Incorporated is May 02, 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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