Microchip Technology Incorporated is a publicly listed American corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
Bias: Buy/Long
Bulls are starting to be in control above $80.
Currently it is strongly defendec by sma250 which is a very strong threshold to break to be bearish.
SL is just below the sma250 at $80.
My view is it will pump starting this wéek after the Magnificent 6 have completed reporting by this week.
📊 Company Overview:
Microchip Technology, a global developer and manufacturer of smart and secure control solutions.
📉 Current Market Condition:
Navigating a cyclical downturn as acknowledged by its management.
🔄 Temporary Downturn:
Despite challenges, indications suggest Microchip's downturn is temporary.
Expected return to growth in the future.
📈 Historical...
After big sell-offs, my first area to look for longs is in the stocks that had a "whoosh" on the downside, followed by positive reversals. ADI fits those criteria.
The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
NASDAQ:MCHP is heavy into automotive chips along with many other industries as well. When looking at the chart I see that we have a longer-term double bottom formation that put into play an Undercut and Rally on Nov 2nd, which was the earnings date. That is technically still in play.
It looks like it will break out of the downtrend line today where I have an...
Microchips are ever needed for hardware development companies so Microchip Technology Incorporated is pretty sure investment especially as MCHP is at 10 months up slopping support line now - best moment for accumulation.
Recommended entry price: 77.50
Target price 1: 89.00
Target price 2: 100.00
Stop loss: 75.00
The rise since June 23rd has been retraced by about 40 %. This level is the range of the first quarter of the year tops and the high of June 15th. I can imagine that from here we may see another race for further highs.
This is a copy&paste from a Bank of America Global Research Note:
"MCHP is a semiconductor devices stock that is forming late 2021 into mid 2023 big base. A decisive breakout above resistance at 87-88 and the late 2021 high a 90 would confirm this bullish setup and favor further upside to pattern counts at 104 and 120. Until then, rising 13, 26 and 40-week MAs...
HI TRADERS ✌The possible scenario of MCHP is specified.As you can see, it is an upward trend from the range of $55. It is currently in the range of $82. We can expect that the price will grow to the range of $85 if it stabilizes above the support range of $79/$77. According to the formed HIGH and LOW, if the trend is still upward, the possibility of a new HIGH in...
Whenever I find two stocks acting well I always want to buy the best but, how to know this?
Both are forming a shark pattern in the weekly chart, and both are from the same industry, semiconductors.
So how to choose? For me, a simple ratio will do it. It will show which one is outperforming the other.
In this case NYSE:STM is being buyed more aggressively...
Yearly High
Stock price is at yearly highs.
Monthly High
Stock price is at monthly highs.
Above Bollinger Band
Price is above the upper 14 day bollinger band. This is mostly a reversal signals
as price has overextended and might come down.
Pivot Machine Gun (PMG)
When price makes continued highs for 5 days. This is a bearish reversal signal
only if price starts...
Microchip Technology - Short Term - We look to Sell at 74.14 (stop at 80.98)
Momentum is stalling with the posting of new highs and indicates bearish divergence. Bearish divergence is expected to cap gains. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We look for a temporary move lower. We have a Gap open...
Microchip Technolog y
Short Term - We look to Buy at 65.63 (stop at 62.70)
Broken out of the triangle formation to the upside. A lower correction is expected. Reverse trend line support comes in at 64.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward.
Our profit targets will be 73.30 and 78.00
Resistance: 74.00 / 90.00 /...
The PEAD projected a Bullish outlook for $MCHP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 45.45%.
