MICROCHIP TECHNOLOGY INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	MCHP
ISIN:

MICROCHIP TECHNOLOGY INC. - 1H - Technical analysis published on 03/07/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 92.47 USD

My targets

96.42 USD (+3.62%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICROCHIP TECHNOLOGY INC. as long as the price remains well above 92.47 USD. The buyers' bullish objective is set at 96.42 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

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

MICROCHIP TECHNOLOGY INC. rating 93.05 USD. On the day, this instrument gained +5.97% and was between 89.00 USD and 93.44 USD. This implies that the price is at +4.55% from its lowest and at -0.42% from its highest.

89.00

93.44

93.05

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of MICROCHIP TECHNOLOGY INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	87.96	89.27	92.47	93.05
Change (%)	-5.47%	-4.06%	-0.62%	-
Change	-5.09	-3.78	-0.58	-
Level	Intermediate	Minor	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	85.09	85.95	86.88	87.74	88.67	89.53	90.46
Camarilla	87.32	87.48	87.65	87.81	87.97	88.14	88.30
Woodie	85.13	85.97	86.92	87.76	88.71	89.55	90.50
Fibonacci	85.95	86.63	87.06	87.74	88.42	88.85	89.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.87	78.43	82.72	85.28	89.57	92.13	96.42
Camarilla	85.12	85.74	86.37	87.00	87.63	88.26	88.88
Woodie	76.73	78.86	83.58	85.71	90.43	92.56	97.28
Fibonacci	78.43	81.05	82.67	85.28	87.90	89.52	92.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	74.00	76.75	80.45	83.20	86.90	89.65	93.35
Camarilla	82.37	82.96	83.55	84.14	84.73	85.32	85.91
Woodie	74.47	76.99	80.92	83.44	87.37	89.89	93.82
Fibonacci	76.75	79.22	80.74	83.20	85.67	87.19	89.65

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	78.52
MACD (12,26,9):	1.5000
Directional Movement:	36.87
AROON (14):	64.29
DEMA (21):	90.12
Parabolic SAR (0,02-0,02-0,2):	87.55
Elder Ray (13):	3.53
Super Trend (3,10):	89.28
Zig ZAG (10):	93.02
VORTEX (21):	1.1300
Stochastique (14,3,5):	96.65
TEMA (21):	90.93
Williams %R (14):	-0.73
Chande Momentum Oscillator (20):	7.86
Repulse (5,40,3):	3.4600
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	8.73

MA7:	86.72
MA20:	83.99
MA50:	85.39
MA100:	82.91
MAexp7:	90.55
MAexp20:	88.31
MAexp50:	86.41
MAexp100:	85.17
Price / MA7:	+7.30%
Price / MA20:	+10.79%
Price / MA50:	+8.97%
Price / MA100:	+12.23%
Price / MAexp7:	+2.76%
Price / MAexp20:	+5.37%
Price / MAexp50:	+7.68%
Price / MAexp100:	+9.25%

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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