MICROCHIP TECHNOLOGY INC. - Daily - Technical analysis published on 07/09/2019 (GMT)
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- Timeframe : Daily
- - 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:
Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 85.73 USD
My targets
91.49 USD (+2.84%)
95.36 USD (+7.19%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICROCHIP TECHNOLOGY INC. as long as the price remains well above 85.73 USD. The buyers” bullish objective is set at 91.49 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 95.36 USD. If there is any crossing, the next objective would be the resistance located at 103.31 USD.
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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
The MICROCHIP TECHNOLOGY INC. price is 88.96 USD. The price has increased by +1.17% since the last closing and was between 87.13 USD and 89.05 USD. This implies that the price is at +2.10% from its lowest and at -0.10% from its highest.87.13
89.05
88.96
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MICROCHIP TECHNOLOGY INC. chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.35 | 79.64 | 85.73 | 88.96 | 91.49 | 95.36 | 103.31 |
| Change (%) | -16.42% | -10.48% | -3.63% | - | +2.84% | +7.19% | +16.13% |
| Change | -14.61 | -9.32 | -3.23 | - | +2.53 | +6.40 | +14.35 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.43 | 87.12 | 87.52 | 88.21 | 88.61 | 89.30 | 89.70 |
| Camarilla | 87.63 | 87.73 | 87.83 | 87.93 | 88.03 | 88.13 | 88.23 |
| Woodie | 86.30 | 87.05 | 87.39 | 88.14 | 88.48 | 89.23 | 89.57 |
| Fibonacci | 87.12 | 87.53 | 87.79 | 88.21 | 88.62 | 88.88 | 89.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.83 | 85.82 | 87.53 | 89.52 | 91.23 | 93.22 | 94.93 |
| Camarilla | 88.21 | 88.55 | 88.89 | 89.23 | 89.57 | 89.91 | 90.25 |
| Woodie | 83.68 | 85.75 | 87.38 | 89.45 | 91.08 | 93.15 | 94.78 |
| Fibonacci | 85.82 | 87.24 | 88.11 | 89.52 | 90.94 | 91.81 | 93.22 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.72 | |
| MACD (12,26,9): | 1.1200 | |
| Directional Movement: | 3.57 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 88.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 85.19 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 82.65 | |
| Zig ZAG (10): | 88.74 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 68.04 | |
| TEMA (21): | 89.69 | |
| Williams %R (14): | -36.16 | |
| Chande Momentum Oscillator (20): | 3.17 | |
| Repulse (5,40,3): | 2.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 11.28 |
| MA7: | 89.09 | |
| MA20: | 86.26 | |
| MA50: | 86.65 | |
| MA100: | 88.18 | |
| MAexp7: | 88.52 | |
| MAexp20: | 86.97 | |
| MAexp50: | 86.68 | |
| MAexp100: | 86.12 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | +3.13% | |
| Price / MA50: | +2.67% | |
| Price / MA100: | +0.88% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +2.29% | |
| Price / MAexp50: | +2.63% | |
| Price / MAexp100: | +3.30% |
News
The last news published on MICROCHIP TECHNOLOGY INC. at the time of the generation of this analysis was as follows:
- Accelerate EMI Qualification of Automotive Touchscreens with New Capacitive Touch Controllers
- Microchip Introduces First Clock Buffers to Meet DB2000Q/QL Standards plus PCIe Gen 4 and Gen 5 Low Jitter Specifications
- Build Larger, More Robust Applications with Microchip’s Expanded Dual- and Single-core dsPIC® Digital Signal Controller (DSC) Family
- New SAR ADC Family Enables High-Speed, High-Resolution Analog-to-Digital Conversion in Harsh Environments
- PCIe 3.1 Ethernet Bridges Using Low-Power Sub-States Enable Power Savings for Embedded and Automotive Platforms
This member declared not having a position on this financial instrument or a related financial instrument.
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