MCHP NEWS why is Microchip Technology Incorporated price falling or rising

MCHP NEWS reasons for why stock price of Microchip Technology Incorporated is falling or rising

MCHP Microchip Technology is falling or rising technical reasons

Technical analysis forecast for Microchip Technology Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Microchip Technology MCHP at this time. Stock is falling and might fall more.

It appears as if Microchip Technology MCHP gave a large move recently.

Stock of Microchip Technology (MCHP) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Microchip Technology is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 88.1, for a target of 90.3 or 92.16

MCHP Microchip Technology is falling or rising NEWS fundamental reasons

More announcements and NEWS

MCHP Microchip Technology Incorporated current price & indicator signals

Moving Averages for Microchip Technology Incorporated

  • 5Day Average: 91.74
  • 12Day Average: 92.56
  • 20Day Average: 91.86
  • 50Day Average: 93.41
  • 100Day Average: 91.04
  • 150Day Average: 89.28
  • 200Day Average: 87.14

MCHP Indicators & signals

Indicator MACD (12,26,9)

91.94, 92.26, -0.08
Indicator MACD is in negative zone

Indicator ADX (14)

16, 21.25, 15.38
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MCHP Microchip Technology Incorporated are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Jul 2024 88.77 88.68 to 91.78 -3% 1.12 times
18 Thu Jul 2024 91.52 90.28 to 93.31 0% 1.14 times
17 Wed Jul 2024 91.52 91.40 to 96.98 -3.47% 1.79 times
16 Tue Jul 2024 94.81 92.13 to 94.87 2.95% 0.7 times
15 Mon Jul 2024 92.09 91.73 to 93.32 -0.56% 0.83 times
12 Fri Jul 2024 92.61 92.28 to 94.44 0.56% 0.93 times
11 Thu Jul 2024 92.09 92.03 to 95.70 -4.05% 1.28 times
10 Wed Jul 2024 95.98 92.79 to 96.21 3.94% 1.24 times
09 Tue Jul 2024 92.34 91.86 to 93.84 -0.99% 0.63 times
08 Mon Jul 2024 93.26 92.15 to 93.72 1.22% 0.93 times
05 Fri Jul 2024 92.14 92.11 to 93.92 -1.54% 0.53 times
03 Wed Jul 2024 93.58 91.77 to 93.83 0% 0.47 times

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MCHP NEWS why is Microchip Technology Incorporated price falling or rising

 

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