MICROCHIP TECHNOLOGY INC. - 1H - Technical analysis published on 08/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 103.31 USD
My targets
105.00 USD (+0.59%)
107.11 USD (+2.62%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on MICROCHIP TECHNOLOGY INC. as long as the price remains well above 103.31 USD. The buyers” bullish objective is set at 105.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 107.11 USD. If there is any crossing, the next objective would be the resistance located at 108.85 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICROCHIP TECHNOLOGY INC. rating 104.38 USD. The price has increased by +2.61% since the last closing and was traded between 102.27 USD and 104.44 USD over the period. The price is currently at +2.06% from its lowest and -0.06% from its highest.102.27
104.44
104.38
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MICROCHIP TECHNOLOGY INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MICROCHIP TECHNOLOGY INC. in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 100.42 | 101.60 | 103.31 | 104.38 | 105.00 | 107.11 | 108.85 |
| Change (%) | -3.79% | -2.66% | -1.03% | - | +0.59% | +2.62% | +4.28% |
| Change | -3.96 | -2.78 | -1.07 | - | +0.62 | +2.73 | +4.47 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.32 | 99.37 | 100.55 | 101.60 | 102.78 | 103.83 | 105.01 |
| Camarilla | 101.12 | 101.32 | 101.53 | 101.73 | 101.93 | 102.14 | 102.34 |
| Woodie | 98.39 | 99.40 | 100.62 | 101.63 | 102.85 | 103.86 | 105.08 |
| Fibonacci | 99.37 | 100.22 | 100.75 | 101.60 | 102.45 | 102.98 | 103.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.91 | 97.33 | 99.53 | 101.95 | 104.15 | 106.57 | 108.77 |
| Camarilla | 100.46 | 100.88 | 101.31 | 101.73 | 102.15 | 102.58 | 103.00 |
| Woodie | 94.80 | 97.28 | 99.42 | 101.90 | 104.04 | 106.52 | 108.66 |
| Fibonacci | 97.33 | 99.10 | 100.19 | 101.95 | 103.72 | 104.81 | 106.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.54 | 92.94 | 97.33 | 103.73 | 108.12 | 114.52 | 118.92 |
| Camarilla | 98.76 | 99.75 | 100.74 | 101.73 | 102.72 | 103.71 | 104.70 |
| Woodie | 85.54 | 92.44 | 96.33 | 103.23 | 107.13 | 114.02 | 117.92 |
| Fibonacci | 92.94 | 97.06 | 99.61 | 103.73 | 107.85 | 110.40 | 114.52 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.06 | |
| MACD (12,26,9): | 0.2800 | |
| Directional Movement: | 13.68 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 102.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 100.53 | |
| Elder Ray (13): | 1.61 | |
| Super Trend (3,10): | 101.31 | |
| Zig ZAG (10): | 104.08 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 93.64 | |
| TEMA (21): | 103.00 | |
| Williams %R (14): | -9.47 | |
| Chande Momentum Oscillator (20): | 2.72 | |
| Repulse (5,40,3): | 1.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.19 |
| MA7: | 102.07 | |
| MA20: | 104.46 | |
| MA50: | 102.89 | |
| MA100: | 89.83 | |
| MAexp7: | 102.44 | |
| MAexp20: | 102.09 | |
| MAexp50: | 102.44 | |
| MAexp100: | 103.25 | |
| Price / MA7: | +2.26% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | +1.45% | |
| Price / MA100: | +16.20% | |
| Price / MAexp7: | +1.89% | |
| Price / MAexp20: | +2.24% | |
| Price / MAexp50: | +1.89% | |
| Price / MAexp100: | +1.09% |
Quotes :
2020-08-03 15:41:37
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15 min delayed data
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NASDAQ Stocks
News
The last news published on MICROCHIP TECHNOLOGY INC. at the time of the generation of this analysis was as follows:
- Single-pair Ethernet PHY Offers the Industry’s Leading Ultra-low TC10-compliant Sleep Current and is Functional Safety Ready
- Microchip Delivers the Smallest Automotive maXTouch® Controllers for Smart Surfaces and Multi-function Displays
- Microchip Expands Adaptec SmartRAID Product Portfolio with New Entry-level Adapter
- Microchip Reveals Software Development Kit and Neural Network IP for Easily Creating Low-Power FPGA Smart Embedded Vision Solutions
- Microchip Simplifies Functional Safety Requirements with MPLAB® TÜV SÜD-certified Tools
This member declared not having a position on this financial instrument or a related financial instrument.
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