US stock / ETF

Microchip Technology Incorporated

MCHP · NASDAQ · USD

1 dayBearish71%
Daily Downside probability 71%Bearish

MCHP 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $75.45 and stabilize above resistance $83.4.

Invalidation Trigger

Break above $83.4 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 38.2, MACD -0.809

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $2.65 (3.72%)

Daily

EMA Structure

Bearish
EMA 8$74.22Bearish
EMA 21$75.45Bearish
EMA 50$76.69Bearish

Signals

CategoryReadStrength
Momentum
RSI 38.2 · MACD -0.809

Momentum is weak

Strength
Bearish
Volatility
ATR $2.65 · BB 15.93%

Medium volatility

Strength
Range
Volume
MFI 25.1 · OBV 16.48%

Relative to 20-period average volume

Strength
Range
Price Levels
$68.75 - $83.4

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+20.77% · 5.6 ATR above latest close

$86.05
Nearest resistance

+17.05% · 4.6 ATR above · 34-bar high

$83.4
Current price

Price shown is delayed

$71.25
Nearest support

-3.51% · 0.9 ATR below · 34-bar low

$68.75
Deeper support zone

-7.23% · 1.9 ATR below latest close

$66.1
ATR zone

Latest close ± ATR14

$68.6 - $73.9

Indicators

Trend

Dow Theory Structure

Confirmation $83.4, invalidation $76.87

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

31.1 / 19.6 / 32.0Bearish
Supertrend (10,3)

Price is above Supertrend

$63.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$76.3 / $77.36Bearish
Donchian Channel (20)

20-period breakout channel position

6%Bearish

Volatility

ATR (14)

Medium volatility

$2.65 (3.72%)Range
Bollinger Bands (20,2)

Width 15.93%

8%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$81.22 / $69.63Range
ATR channel lower / upper

Current Volatility Envelope

$68.6 / $73.9Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$83.4Range
Support

Nearest Downside Decision Level

$68.75Range

Momentum

RSI (14)

Momentum is weak

38.2Bearish
MACD (12,26,9)

Histogram is negative

-0.809Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

5.9 / 9.1Bearish
Williams %R (14)

Oversold zone

-94.1Bullish
CCI (20)

Weak expansion

-117.8Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

25.1Bearish
OBV slope

20-period OBV slope

16.48%Bullish
Volume ratio

Relative to 20-period average volume

2.04xBullish

Trend

Dow Theory Structure

Confirmation $83.4, invalidation $76.87

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

31.1 / 19.6 / 32.0Bearish
Supertrend (10,3)

Price is above Supertrend

$63.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$76.3 / $77.36Bearish
Donchian Channel (20)

20-period breakout channel position

6%Bearish

Momentum

RSI (14)

Momentum is weak

38.2Bearish
MACD (12,26,9)

Histogram is negative

-0.809Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

5.9 / 9.1Bearish
Williams %R (14)

Oversold zone

-94.1Bullish
CCI (20)

Weak expansion

-117.8Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Medium volatility

$2.65 (3.72%)Range
Bollinger Bands (20,2)

Width 15.93%

8%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$81.22 / $69.63Range
ATR channel lower / upper

Current Volatility Envelope

$68.6 / $73.9Range

Volume / Money Flow

MFI (14)

Money flow is weak

25.1Bearish
OBV slope

20-period OBV slope

16.48%Bullish
Volume ratio

Relative to 20-period average volume

2.04xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$83.4Range
Support

Nearest Downside Decision Level

$68.75Range

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