US stock / ETF

Microchip Technology Incorporated

MCHP · NASDAQ · USD

1 dayBearish92%
Daily Downside probability 92%Bearish

MCHP 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $69.3 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 34.3, MACD -1.473

Daily
Volatility EnvironmentBearish
High volatility

ATR is $4.55 (7.33%)

Daily

EMA Structure

Bearish
EMA 8$64.21Bearish
EMA 21$69.3Bearish
EMA 50$73.11Bearish

Signals

CategoryReadStrength
Momentum
RSI 34.3 · MACD -1.473

Momentum is weak

Strength
Bearish
Volatility
ATR $4.55 · BB 43.84%

High volatility

Strength
Bearish
Volume
MFI 32.0 · OBV -84.54%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$54.83 - $83.4

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+41.67% · 5.7 ATR above latest close

$87.95
Nearest resistance

+34.33% · 4.7 ATR above · 34-bar high

$83.4
Current price

Price shown is delayed

$62.08
Nearest support

-11.68% · 1.6 ATR below · 34-bar low

$54.83
Deeper support zone

-19.01% · 2.6 ATR below latest close

$50.28
ATR zone

Latest close ± ATR14

$57.53 - $66.63

Indicators

Trend

Dow Theory Structure

Confirmation $54.83, invalidation $63.79

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

29.9 / 17.2 / 44.0Bearish
Supertrend (10,3)

Price is above Supertrend

$47.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$67.86 / $69.11Bearish
Donchian Channel (20)

20-period breakout channel position

27%Bearish

Volatility

ATR (14)

High volatility

$4.55 (7.33%)Bearish
Bollinger Bands (20,2)

Width 43.84%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$78.53 / $59.58Bearish
ATR channel lower / upper

Current Volatility Envelope

$57.53 / $66.63Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$83.4Range
Support

Nearest Downside Decision Level

$54.83Range

Momentum

RSI (14)

Momentum is weak

34.3Bearish
MACD (12,26,9)

Histogram is negative

-1.473Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.5 / 27.5Bearish
Williams %R (14)

Neutral zone

-72.5Range
CCI (20)

Balanced zone

-97.6Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

32.0Bearish
OBV slope

20-period OBV slope

-84.54%Bearish
Volume ratio

Relative to 20-period average volume

0.67xBearish

Trend

Dow Theory Structure

Confirmation $54.83, invalidation $63.79

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

29.9 / 17.2 / 44.0Bearish
Supertrend (10,3)

Price is above Supertrend

$47.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$67.86 / $69.11Bearish
Donchian Channel (20)

20-period breakout channel position

27%Bearish

Momentum

RSI (14)

Momentum is weak

34.3Bearish
MACD (12,26,9)

Histogram is negative

-1.473Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.5 / 27.5Bearish
Williams %R (14)

Neutral zone

-72.5Range
CCI (20)

Balanced zone

-97.6Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$4.55 (7.33%)Bearish
Bollinger Bands (20,2)

Width 43.84%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$78.53 / $59.58Bearish
ATR channel lower / upper

Current Volatility Envelope

$57.53 / $66.63Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

32.0Bearish
OBV slope

20-period OBV slope

-84.54%Bearish
Volume ratio

Relative to 20-period average volume

0.67xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$83.4Range
Support

Nearest Downside Decision Level

$54.83Range

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