MICROCHIP TECHNOLOGY INC. - Daily - Technical analysis published on 09/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
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:
Neutral
De fond:
Slightly bullish
Technical indicators
33%
17%
50%
My opinion
Neutral between 84.25 USD and 91.49 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on MICROCHIP TECHNOLOGY INC.. It is difficult to advise a trading direction under these conditions. The first resistance is located at 91.49 USD. The first support is located at 84.25 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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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 90.64 USD. The price registered a decrease of -1.39% on the session and was traded between 89.94 USD and 92.58 USD over the period. The price is currently at +0.78% from its lowest and -2.10% from its highest.89.94
92.58
90.64
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MICROCHIP TECHNOLOGY INC. in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Piercing line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.30 | 79.90 | 84.25 | 90.64 | 91.49 | 95.47 | 103.31 |
| Change (%) | -18.03% | -11.85% | -7.05% | - | +0.94% | +5.33% | +13.98% |
| Change | -16.34 | -10.74 | -6.39 | - | +0.85 | +4.83 | +12.67 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Major |
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 | 87.80 | 88.93 | 90.43 | 91.56 | 93.05 | 94.18 | 95.68 |
| Camarilla | 91.20 | 91.44 | 91.68 | 91.92 | 92.16 | 92.40 | 92.64 |
| Woodie | 87.98 | 89.02 | 90.61 | 91.65 | 93.23 | 94.27 | 95.86 |
| Fibonacci | 88.93 | 89.94 | 90.56 | 91.56 | 92.56 | 93.18 | 94.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.17 | 87.24 | 88.85 | 91.92 | 93.53 | 96.60 | 98.21 |
| Camarilla | 89.16 | 89.59 | 90.02 | 90.45 | 90.88 | 91.31 | 91.74 |
| Woodie | 83.43 | 86.88 | 88.11 | 91.56 | 92.79 | 96.24 | 97.47 |
| Fibonacci | 87.24 | 89.03 | 90.14 | 91.92 | 93.71 | 94.82 | 96.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.78 | 74.83 | 80.58 | 88.63 | 94.38 | 102.43 | 108.18 |
| Camarilla | 82.54 | 83.80 | 85.07 | 86.33 | 87.60 | 88.86 | 90.13 |
| Woodie | 65.63 | 74.26 | 79.43 | 88.06 | 93.23 | 101.86 | 107.03 |
| Fibonacci | 74.83 | 80.10 | 83.36 | 88.63 | 93.90 | 97.16 | 102.43 |
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): | 49.24 | |
| MACD (12,26,9): | 0.8900 | |
| Directional Movement: | -1.51 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 92.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 96.35 | |
| Elder Ray (13): | -0.50 | |
| Super Trend (3,10): | 87.83 | |
| Zig ZAG (10): | 90.64 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 51.00 | |
| TEMA (21): | 93.01 | |
| Williams %R (14): | -68.47 | |
| Chande Momentum Oscillator (20): | 0.12 | |
| Repulse (5,40,3): | -2.5300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 12.86 |
| MA7: | 92.47 | |
| MA20: | 90.53 | |
| MA50: | 90.68 | |
| MA100: | 88.33 | |
| MAexp7: | 91.94 | |
| MAexp20: | 91.27 | |
| MAexp50: | 90.18 | |
| MAexp100: | 89.03 | |
| Price / MA7: | -1.98% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | +2.62% | |
| Price / MAexp7: | -1.41% | |
| Price / MAexp20: | -0.69% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | +1.81% |
News
The last news published on MICROCHIP TECHNOLOGY INC. at the time of the generation of this analysis was as follows:
- Simplify Power Delivery (PD) in Growing USB Type-C™ Charging Market with Two USB-PD Solutions from Microchip
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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