When (MCHP) Moves Investors should Listen
May 17, 2024, 21:00 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MCHP
- Buy MCHP slightly over 88.33 target 95.79 stop loss @ 88.07 Details
The technical summary data tells us to buy MCHP near 88.33 with an upside target of 95.79. This data also tells us to set a stop loss @ 88.07 to protect against excessive loss in case the stock begins to move against the trade. 88.33 is the first level of support below 94.33 , and by rule, any test of support is a buy signal. In this case, support 88.33 is being tested, a buy signal would exist.
- Short MCHP slightly under 95.79, target 88.33, stop loss @ 96.07 Details
The technical summary data is suggesting a short of MCHP as it gets near 95.79 with a downside target of 88.33. We should have a stop loss in place at 96.07though. 95.79 is the first level of resistance above 94.33, and by rule, any test of resistance is a short signal. In this case, if resistance 95.79 is being tested, a short signal would exist.
Swing Trading Plans for MCHP
- Buy MCHP slightly over 95.79, target 96.05, Stop Loss @ 95.51 Details
If 95.79 begins to break higher, the technical summary data tells us to buy MCHP just slightly over 95.79, with an upside target of 96.05. The data also tells us to set a stop loss @ 95.51 in case the stock turns against the trade. 95.79 is the first level of resistance above 94.33, and by rule, any break above resistance is a buy signal. In this case, 95.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MCHP slightly near 95.79, target 93.42, Stop Loss @ 96.07. Details
The technical summary data is suggesting a short of MCHP if it tests 95.79 with a downside target of 93.42. We should have a stop loss in place at 96.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 95.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MCHP
- Buy MCHP slightly over 95.2, target 95.79, Stop Loss @ 94.98 Details
If 95.2 begins to break higher, the technical summary data tells us to buy MCHP just slightly over 95.2, with an upside target of 95.79. The data also tells us to set a stop loss @ 94.98 in case the stock turns against the trade. 95.2 is the first level of resistance above 94.33, and by rule, any break above resistance is a buy signal. In this case, 95.2, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MCHP slightly near 95.2, target 93.42, Stop Loss @ 95.42. Details
The technical summary data is suggesting a short of MCHP if it tests 95.2 with a downside target of 93.42. We should have a stop loss in place at 95.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 95.2, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Microchip Technology Incorporated (MCHP) available here: MCHP.
MCHP Ratings for May 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
80.97 |
| P2 |
95.2 |
93.42 |
88.33 |
| P3 |
96.42 |
96.05 |
95.79 |
AI Generated Signals for MCHP
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Microchip Technology Incorporated (NASDAQ: MCHP) report below is a real world example. Included are trading plans for MCHP, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MCHP:
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