MCHP

Microchip TechnologyTechnology

$78.86-3.06%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$78.86

MAYJUNJUL

Validate this Pattern

Live monitoring of the Descending Triangle setup on MCHP. See where price is heading.

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Quick Actions

Trade Plan: Descending Triangle

Risk/Reward

1:2.44

Entry

$78.00

Stop

$88.65

Target

$51.97

Chart Pattern

Descending Triangle

Bearish continuation pattern.

Market Analysis

Technical analysis of Microchip Technology (MCHP) reveals a significant setup. The stock is trading at $78.86, down 3.06% on the day. Algorithmically, a Descending Triangle structure has completed. Volume is average (0.77x avg) with moderate trend strength (27.0). A potential breakout level is identified at $78.0, targeting $51.97 with support near $88.65 (R:R 2.44).

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Peer Analysis

Keys Descending Triangle Msft Descending Triangle Adsk Bearish Flag Cdw Ascending Triangle Crm Bearish Flag

Pattern Peers

Keys Descending Triangle Lvs Descending Triangle Msft Descending Triangle Wmt Descending Triangle Amt Descending Triangle