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, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Microchip Technology is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Microchip Technology stays below 89.6, but if it comes above 89.6, then a intra day buy could be more profitable.
If you take a sell trade below 89.6, then use 89.6 as stoploss and 86.9 as target. However if you take a buy trade in Microchip Technology, then use 89.6 as stoploss and 91.85 as target.

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: 89.88
  • 12Day Average: 91.25
  • 20Day Average: 92.51
  • 50Day Average: 92.28
  • 100Day Average: 89.38
  • 150Day Average: 88.63
  • 200Day Average: 85.86

MCHP Indicators & signals

Indicator MACD (12,26,9)

91.05, 92.1, -0.54
Indicator MACD is in negative zone

Indicator ADX (14)

3.3, 17.46, 18.65
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
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
27 Thu Jun 2024 89.43 88.30 to 90.05 -0.69% 1.03 times
26 Wed Jun 2024 90.05 88.70 to 90.33 1.01% 0.83 times
25 Tue Jun 2024 89.15 88.17 to 89.80 -0.03% 0.84 times
24 Mon Jun 2024 89.18 89.00 to 91.46 -2.62% 0.87 times
21 Fri Jun 2024 91.58 88.75 to 92.03 2.88% 1.77 times
20 Thu Jun 2024 89.02 88.36 to 92.77 -4.74% 1.58 times
18 Tue Jun 2024 93.45 90.20 to 93.69 0% 0.9 times
18 Tue Jun 2024 93.45 90.20 to 93.69 2.67% 0.9 times
17 Mon Jun 2024 91.02 89.89 to 91.40 -0.36% 0.92 times
14 Fri Jun 2024 91.35 90.62 to 92.51 -1.57% 0.7 times
13 Thu Jun 2024 92.81 91.76 to 93.52 -1.81% 0.69 times
12 Wed Jun 2024 94.52 93.23 to 96.24 1.06% 1.07 times

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MCHP NEWS why is Microchip Technology Incorporated price falling or rising

 

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