US stock / ETF

Microchip Technology Incorporated

MCHP · NASDAQ · USD

4 hoursBullish74%
4h Upside probability 74%Bullish

MCHP 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $70.45 and reclaim $75.6.

Invalidation Trigger

Lose $70.45 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 56.5, MACD 0.172

4h
Volatility EnvironmentBullish
Low volatility

ATR is $1.01 (1.37%)

4h

EMA Structure

Range
EMA 8$73.3Bullish
EMA 21$73.15Bullish
EMA 50$73.77Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.5 · MACD 0.172

Momentum is strong

Strength
Bullish
Volatility
ATR $1.01 · BB 4.88%

Low volatility

Strength
Bullish
Volume
MFI 31.7 · OBV -1.75%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$70.45 - $75.6

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+3.25% · 2.4 ATR above latest close

$76.61
Nearest resistance

+1.89% · 1.4 ATR above · 34-bar high

$75.6
Current price

Price shown is delayed

$74.2
Nearest support

-5.05% · 3.7 ATR below · 34-bar low

$70.45
Deeper support zone

-6.42% · 4.7 ATR below latest close

$69.44
ATR zone

Latest close ± ATR14

$73.19 - $75.21

Indicators

Trend

Dow Theory Structure

Confirmation $70.74, invalidation $74.27

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

Trend strength is moderate

16.0 / 31.8 / 19.9Bullish
Supertrend (10,3)

Price is above Supertrend

$71.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$73.05 / $73.28Bullish
Donchian Channel (20)

20-period breakout channel position

71%Bullish

Volatility

ATR (14)

Low volatility

$1.01 (1.37%)Bullish
Bollinger Bands (20,2)

Width 4.88%

75%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$75.17 / $71.13Bullish
ATR channel lower / upper

Current Volatility Envelope

$73.19 / $75.21Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$75.6Range
Support

Nearest Downside Decision Level

$70.45Range

Momentum

RSI (14)

Momentum is strong

56.5Bullish
MACD (12,26,9)

Histogram is positive

0.172Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

78.8 / 73.5Bullish
Williams %R (14)

Neutral zone

-21.2Range
CCI (20)

Balanced zone

82.7Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

31.7Bearish
OBV slope

20-period OBV slope

-1.75%Bearish
Volume ratio

Relative to 20-period average volume

2.88xBullish

Trend

Dow Theory Structure

Confirmation $70.74, invalidation $74.27

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

Trend strength is moderate

16.0 / 31.8 / 19.9Bullish
Supertrend (10,3)

Price is above Supertrend

$71.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$73.05 / $73.28Bullish
Donchian Channel (20)

20-period breakout channel position

71%Bullish

Momentum

RSI (14)

Momentum is strong

56.5Bullish
MACD (12,26,9)

Histogram is positive

0.172Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

78.8 / 73.5Bullish
Williams %R (14)

Neutral zone

-21.2Range
CCI (20)

Balanced zone

82.7Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Low volatility

$1.01 (1.37%)Bullish
Bollinger Bands (20,2)

Width 4.88%

75%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$75.17 / $71.13Bullish
ATR channel lower / upper

Current Volatility Envelope

$73.19 / $75.21Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

31.7Bearish
OBV slope

20-period OBV slope

-1.75%Bearish
Volume ratio

Relative to 20-period average volume

2.88xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$75.6Range
Support

Nearest Downside Decision Level

$70.45Range

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