US stock / ETF

Microchip Technology Incorporated

MCHP · NASDAQ · USD

1 hourBullish75%
1h Upside probability 75%Bullish

MCHP 1H chart

EMA21EMA50Bollinger
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Market View

Market Shift

1h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $83.88 and reclaim $90.62.

Invalidation Trigger

Lose $83.88 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 51.6, MACD 0.167

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.25 (1.44%)

1h

EMA Structure

Bullish
EMA 8$87.2Bearish
EMA 21$86.93Bullish
EMA 50$86.92Bullish

Signals

CategoryReadStrength
Momentum
RSI 51.6 · MACD 0.167

Neutral zone

Strength
Bullish
Volatility
ATR $1.25 · BB 7.01%

Low volatility

Strength
Bullish
Volume
MFI 44.2 · OBV -39.02%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$83.88 - $90.62

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+5.37% · 3.7 ATR above latest close

$91.87
Nearest resistance

+3.93% · 2.7 ATR above · 34-bar high

$90.62
Current price

Price shown is delayed

$87.19
Nearest support

-3.8% · 2.6 ATR below · 34-bar low

$83.88
Deeper support zone

-5.24% · 3.6 ATR below latest close

$82.62
ATR zone

Latest close ± ATR14

$85.94 - $88.44

Indicators

Trend

Dow Theory Structure

Confirmation $90.62, invalidation $86.39

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

Trend strength is active

42.4 / 40.4 / 16.1Bullish
Supertrend (10,3)

Price is above Supertrend

$82.85Bullish
Ichimoku Cloud

Cloud Span A / Span B

$87.88 / $87.36Bearish
Donchian Channel (20)

20-period breakout channel position

49%Range

Volatility

ATR (14)

Low volatility

$1.25 (1.44%)Bullish
Bollinger Bands (20,2)

Width 7.01%

65%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$89.82 / $84.04Bullish
ATR channel lower / upper

Current Volatility Envelope

$85.94 / $88.44Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$90.62Range
Support

Nearest Downside Decision Level

$83.88Range

Momentum

RSI (14)

Neutral zone

51.6Range
MACD (12,26,9)

Histogram is positive

0.167Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

49.2 / 50.8Bearish
Williams %R (14)

Neutral zone

-50.8Range
CCI (20)

Balanced zone

46.7Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

44.2Bearish
OBV slope

20-period OBV slope

-39.02%Bearish
Volume ratio

Relative to 20-period average volume

5.08xBullish

Trend

Dow Theory Structure

Confirmation $90.62, invalidation $86.39

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

Trend strength is active

42.4 / 40.4 / 16.1Bullish
Supertrend (10,3)

Price is above Supertrend

$82.85Bullish
Ichimoku Cloud

Cloud Span A / Span B

$87.88 / $87.36Bearish
Donchian Channel (20)

20-period breakout channel position

49%Range

Momentum

RSI (14)

Neutral zone

51.6Range
MACD (12,26,9)

Histogram is positive

0.167Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

49.2 / 50.8Bearish
Williams %R (14)

Neutral zone

-50.8Range
CCI (20)

Balanced zone

46.7Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$1.25 (1.44%)Bullish
Bollinger Bands (20,2)

Width 7.01%

65%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$89.82 / $84.04Bullish
ATR channel lower / upper

Current Volatility Envelope

$85.94 / $88.44Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

44.2Bearish
OBV slope

20-period OBV slope

-39.02%Bearish
Volume ratio

Relative to 20-period average volume

5.08xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$90.62Range
Support

Nearest Downside Decision Level

$83.88Range

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