MICROCHIP TECHNOLOGY INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
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Type:	Stocks
Ticker:	MCHP
ISIN:

MICROCHIP TECHNOLOGY INC. - 1H - Technical analysis published on 09/12/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

44%

My opinion

Bearish under 81.57 USD

My targets

78.71 USD (-0.91%)

77.20 USD (-2.81%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MICROCHIP TECHNOLOGY INC.. As long as you are under the resistance located at 81.57 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 78.71 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 77.20 USD as an objective. Crossing it would then enable sellers to target 75.49 USD. If the resistance 81.57 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MICROCHIP TECHNOLOGY INC. price is 79.43 USD. On the day, this instrument lost -0.04% and was traded between 78.57 USD and 79.95 USD over the period. The price is currently at +1.09% from its lowest and -0.65% from its highest.

78.57

79.95

79.43

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MICROCHIP TECHNOLOGY INC.:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this MICROCHIP TECHNOLOGY INC. chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	75.49	77.20	78.71	79.43	81.57	84.90	86.61
Change (%)	-4.96%	-2.81%	-0.91%	-	+2.69%	+6.89%	+9.04%
Change	-3.94	-2.23	-0.72	-	+2.14	+5.47	+7.18
Level	Minor	Major	Major	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	76.20	77.12	78.29	79.21	80.38	81.30	82.47
Camarilla	78.89	79.08	79.27	79.46	79.65	79.84	80.04
Woodie	76.33	77.18	78.42	79.27	80.51	81.36	82.60
Fibonacci	77.12	77.92	78.41	79.21	80.01	80.50	81.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.55	75.32	77.05	79.82	81.55	84.32	86.05
Camarilla	77.54	77.96	78.37	78.78	79.19	79.61	80.02
Woodie	72.03	75.06	76.53	79.56	81.03	84.06	85.53
Fibonacci	75.32	77.04	78.10	79.82	81.54	82.60	84.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.90	68.05	74.94	84.09	90.98	100.13	107.02
Camarilla	77.43	78.90	80.37	81.84	83.31	84.78	86.25
Woodie	57.78	67.49	73.82	83.53	89.86	99.57	105.90
Fibonacci	68.05	74.17	77.96	84.09	90.21	94.00	100.13

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.93
MACD (12,26,9):	-0.2300
Directional Movement:	4.16
AROON (14):	-14.28
DEMA (21):	78.86
Parabolic SAR (0,02-0,02-0,2):	78.29
Elder Ray (13):	0.01
Super Trend (3,10):	80.48
Zig ZAG (10):	79.38
VORTEX (21):	1.0100
Stochastique (14,3,5):	50.88
TEMA (21):	79.05
Williams %R (14):	-33.49
Chande Momentum Oscillator (20):	0.65
Repulse (5,40,3):	0.8600
ROCnROLL:	-1
TRIX (15,9):	-0.0700
Courbe Coppock:	0.65

MA7:	80.23
MA20:	80.19
MA50:	85.03
MA100:	81.52
MAexp7:	79.17
MAexp20:	79.26
MAexp50:	79.85
MAexp100:	80.53
Price / MA7:	-1.00%
Price / MA20:	-0.95%
Price / MA50:	-6.59%
Price / MA100:	-2.56%
Price / MAexp7:	+0.33%
Price / MAexp20:	+0.21%
Price / MAexp50:	-0.53%
Price / MAexp100:	-1.37%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on MICROCHIP TECHNOLOGY INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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