MCHP Sort Setup If price comes back to this zone then sell 153 Shares = $100 risk
manage the trade to target 1 for a 9.94:1 Profit potential and maybe higher with trade management.
MCHP trade ideas
MCHP Long Setup: Oversold Rebound w/ Rising Volatility & VolumeMicrochip Technology (MCHP) is presenting a promising long opportunity for a temporary rebound, supported by three strong technical factors:
Slow Stochastic in Extreme Oversold Territory : The indicator is below 20, signaling excessive selling pressure, often linked to potential short-term recoveries.
Rising Volatility Index (LSVI) : The significant increase in volatility suggests the market is entering a phase of larger price movements, increasing the probability of a sharper rebound.
Increasing Volume with Reduced Decline: Recent candles show higher trading volume accompanied by a slowing rate of decline, indicating potential buyer activity and a technical correction from the recent sharp drop.
With the price near a critical support zone and a target identified at $65.00 (10% gain), this setup offers a compelling risk-reward ratio for short-term traders. If the price crosses above the red line, it may reach $71.00 (20% gain).
Watching for confirmations such as a %K/%D crossover on the Slow Stoch and sustained buying volume will be key to validating this thesis.
Disclaimer : Always manage risk carefully, particularly in high-volatility environments.
MCHP - JULY 24 MATrend Sustainable Momentumsubmitted MCHP's order before market open. Stock dropped significantly as the broader market was already falling.
I closed the trade early as per plan as tomorrow is the release of the GDP report (High impact)
MATrend Sustainable Momentum (Systematic) 🚀
This is a variant of the Unsustainable strategy. System identifies stocks (Tech sector) that follows the larger market regime's momentum of the day.
MCHP - May 24 (MATREND v1.6)Entered Short MCHP based on the 29 May signal. This is a good exploration probe because if price breaks the resistance we should see some good downward movement.
Regime Indicator: Bearish
v1.6
Exit rule tweaked to Daily 10SMA
Calibrated entry specs, to slightly loosen up the Stoploss
atr_x = 2.5
entry_atr_xfactor = 3.7
-----
This is a simple systematic Trend strategy where entry is based on two conditions
1. Price crossing over the EMA
2. The present ATR is less than an ATR multiple
The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback
Risk
Fixed & tight SL based on ATR multiples closes trades fast
Closing of the trades is a simple price cross over the daily SMA
This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.
MCHP Ascending triangle breakoutReasons for bullish bias:
- Ascending triangle breakout
- Price broke All time high
- Strong resistance breakout
Here are the recommended trading levels:
Entry Level(CMP): 100.40
Stop Loss Level: 91.77
Take Profit Level 1: 109.03
Take Profit Level 2: 117.66
Take Profit Level 3: Open
MCHPMicrochip Technology Incorporated is a publicly listed American corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
Bias: Buy/Long
$MCHPBulls 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.
🔍🔧 Microchip Technology (MCHP) Analysis 🌐💻📊 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 Profitability:
Demonstrated remarkable ability to maintain high profitability throughout its history.
👥 CEO Perspective:
CEO Ganesh Moorthy anticipates a cycle similar to the rush to buy chips two years ago.
Forecasts an average annual revenue growth of 10% to 15% through fiscal year 2026.
📈 Market Analysis:
Bullish outlook on Microchip Technology (MCHP).
Suggested entry above the $80.00-$81.00 range.
🎯 Upside Target:
Upside target set in the $124.00-$126.00 range.
📣 Conclusion:
Microchip's history of profitability and CEO's confidence in future growth contribute to a positive outlook.
Entry suggestion and upside target align with potential industry rebound.
Stay informed for evolving market trends! 📰💹 #MicrochipTechnology #MCHPAnalysis #MarketWatch 🌐📊
MCHP: Potential Buy AreasSince 2022 price has been rising in a channel. Expecting the price to stay in a bullish channel backed by positive analyst expectations.
Looking for Long Ideas in the "Whoosh" StocksAfter 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.
MCHP, Uptrend based on AlgoSignal StrategyThe 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.
$MCHP Ready to Break Downtrend?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 alert. I like the accumulation volume before and after earnings. NASDAQ:MCHP has regained the faster moving averages but is still below the 50 DMA in red and the 40-week MA in white. The MACD turned up just 3 days ago.
Lastly, NASDAQ:MCHP has either been reiterated or upgraded to either “Buy” or “Outperform” by at least 4 different analysts in the last few days. The average price target is $101.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Microchip Technology Incorporated at support levelMicrochips 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
MACD Buy. Retest Support. Target Next Resistance1. MACD Buy.
2. Retest Support.
3. Target Next Resistance
Rise RetracedThe 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.
Microchip (MCHP): Next mover; big base breakout watchThis 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 near 79 to 75 underpin this bullish setup ahead of chart support at 71-70. MCHP is also building a big base relative to the SPX, which is bullish."
SasanSeifi 💁♂️MCHP/ 1D ⏭ $85 ? OR NEW HIGH ?🤔 LET'S SEE✌❗❗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 long-term view can be considered. We have to see how the price will react to the $85 resistance range.
Note that price stabilization above the $90 range is very important for a new HIGH.
let's see...
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
$MCHP with a Bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $MCHP after a Negative over reaction following its earnings release placing the stock in drift C.
Its $STM turn to outperformWhenever 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 than NASDAQ:MCHP .
I'll wait for the breakout above $51 to get in and use the previous weekly lows for the stop loss.
The thing is that if STM breaks out but NASDAQ:MCHP then something might be wrong.
Always keep an eye on how related stocks behave.
$MCHP Technical Analysis: Stock at Yearly and Monthly HighsYearly 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 to break the low of the last day's candle.
Pocket Pivot
The volume on the green candle today was higher than the volume on any red candles over the last few weeks.
This can signify institutional accumulation.
Parabolic Rise
The stock has stayed above the upper bollinger band for 3 straight days.
Stochastics Overbought
Stochastics value is above 80.
MCHP - Momentum stalling with gap belowMicrochip 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 at 68.66 from 08/11 to 10/11.
Our profit targets will be 55.31 and 48.12
Resistance: 78.04 / 80.00 / 89.58
Support: 68.60 / 55.31 / 47.84
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
MCHP: Retest of breakout zone?!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 / 120.00
Support: 64.00 / 54.50 / 45.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
$MCHP with a Bullish outlook following its earnings #Stocks 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%.
