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...
Since 2022 price has been rising in a channel. Expecting the price to stay in a bullish channel backed by positive analyst expectations.
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...
Hi Traders! Let's take a look at MCHP today. The price has broken the long lasting up-sloping support line. We expect from this point the price would fall to one of it's latest horizontal supports. The price might retest the previous support line and confirms it as a resistance. Stop loss should be taken if the price goes back above this support line, continuing...
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
1. MACD Buy. 2. Retest Support. 3. Target Next Resistance
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...
This is a hitter. black screen plays coming Sundays and Thursdays. These picks are just great ideas. I only stand by the black screen meeting picks.
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...
The PEAD projected a bullish outlook for $MCHP after a Negative over reaction following its earnings release placing the stock in drift C.
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...