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Microchip Technology Incorporated (MCHP) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiMon, 13 Nov 2017-0.48%
***Stock database and scans are updated around midnight (New York time) every trading day.
90.58 0.00 (0%) Nov 28 4:00pm EST
Open: 89.15 Range: 88.85 - 90.68 Vol: 2.17M Avg Vol: 1.79M
EPS: 1.86 P/E ratio: 51.08 EBITDA: 1.25B Mkt Cap: 22.06B
Analyze "MCHP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 90.55
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 91.74
Last Trade is below the 50 day moving average at 91.46
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 82.13
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MCHP

Stock Trend Analysis - Buy, Sell or Hold "Microchip Technology Incorporated" (MCHP)?

MCHP is in a very strong uptrend. In the last 52 weeks, MCHP has been trading above the 200 day moving average for 100% of the time with an average daily volume of 1.8M shares being traded. The 50 day moving average, currently at 91.46, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average, although in a trading range, generally confirms this view as the underlying strength in MCHP still has a bullish bias with price maintaining above the 20 SMA for 62.5% of the time in the last two months of trading. A good area for traders who are considering taking a long position in MCHP is near the 200 SMA currently at 82.13. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MCHP".

The analyst consensus estimates for the 1 year price target for this stock is $99.47* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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