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Microchip Technology Incorporated

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MCHP trade ideas

Cup and Handle RectagleThe handle has morphed in to a rectangle Much like A<MD did Volume is flat which is characteristic of a rectangle/look for an increase in volume otheriwise it may bump up and down in the rectangle Maybe a swing trade, or maybe not..depends on what youl like I am personally not a fan of trading inside of rectangles. But we are all different. I do not think this stock will bottom out. But who knows? A break out or an increase in volume is needed desperately when trading inside a rectangle, mid rectangle is your stop either way/up or down/if going by the pattern That would be awfully close to entry if going long Not a recommendation/I still own this but at this point, I am leery to buy more right now But tomorrow is another day Nice gain today though! HL= Handle low which is often an important source of support
NASDAQ:MCHPLong
by lauralea
Cup and Handle RectagleMCHP has stalled and looks to be in a rectangle. I have been noticing it goes up then back down like it is struggling. Top of rectangle is The possible market rotation has been tough for any type of tech stocks it seems Mid rectangle can be a stop if it breaks up or down from rectangle I am hoping MCHP will regain momentum but for now, it is not looking too peppy. If you look at the weekly chart, you can see the rectangle easily A Rectangle is a continuation pattern that forms as a trading range during a pause in the trend. Rectangles are sometimes referred to as trading ranges, consolidation zones or congestion areas. To qualify as a continuation pattern, a prior trend should exist. Bottom trendline of rectangle is 97.5 Not a recommendation
NASDAQ:MCHP
by lauralea
Cup and Handle Ascending TriangleHandle low is 96.45 So close and yet so far! MCHP is trying to reach through some hard R. I am wondering if a pull back is coming at this point. Monthly candle is a hammer as is weekly I have hung in there for monthes on this one waiting on it to break out! B/O 112.5 but since it hit 113.28 and did not break out..a bit of a set back I would say B/O is now over 13.28...say 13.35 to be sure. MCHP was in a small rising wedge but looks to have fallen out and recovered. Short interest is a bit over 7%...Bummer..I do not like them.lol And they are not always right..but I do acknowldge their opinion. I am wondering what they see that I do not?? Perhaps the R? MCHP has been trying hard to break out. A few times I thought about selling as it has been a bit prolonged to say the least The chart is very bullish..I am planning to hang. Not a recommendation
NASDAQ:MCHPLong
by lauralea
MCHP - 16.08% Potential Profit - Corridor BreakoutCorridor Breakout out of a 3-month price correction. Moderate possibility to hit the uptrend resistance line. Target price set at resistance line bounce. - 3-Month Uptrend before correction - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $110.44 Suggested Stop Loss $106.77 Target price $128.15 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:MCHPLong
by maschera
$MCHP Microchip Technology to challenge All Time Highs The stock jumped in afterhours after the company reissued guidance-= Source SeekingAlpha Microchip (NASDAQ:MCHP) +6% now expects FQ1 consolidated net sales in the range of $1.247B to $1.326B from the prior $1.194B to $1.3B. Non-GAAP EPS in the range of $1.35 to $1.53 (prior: $1.25 to $1.45). Steve Sanghi, CEO: “With two months of the quarter behind us, our business is performing better than we expected during our May 7, 2020 earnings conference call. COVID-19 related supply chain disruptions which were primarily in Malaysia and Philippines have eased. We have begun to make up for lost production and expect to continue to gain ground through the end of this quarter.”
NASDAQ:MCHPLong
by RedHotStocks
$MCHP $90 target As with the majority of Chip\semi stocks sentiment and price action is bullish. Lets have a look at the charts for a insight pre earnings Average analysts rating $101.80 \ Buy Short interest 13% 33 p/e ratio Company Profile Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment involves in the designing, developing, manufacturing, and marketing microcontrollers, development tools and analog, interface, mixed signal, connectivity devices, and timing products. The Technology Licensing segment offers license fees and royalties associated with technology licenses for the use of SuperFlash embedded flash and Smartbits one time programmable technologies. The company was founded on February 14, 1989 and is headquartered in Chandler, AZ.
NASDAQ:MCHPLong
by Bullishcharts
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