Microchip Technology(MCHP)

Microchip Technology (MCHP) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for MCHP · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$85.02last close · Jul 22, 202652-week range $48.52 – $105.91 · 19.72% below the high

Falling Wedge · playing out now

MCHP is breaking down out of a falling wedge — these usually break higher, so a drop lower instead is a notably bearish turn.

On this chart, setups like it have followed through about 44% of the time.

As long as price stays below $90.85, it's in play — a daily close back above there calls it off.

The move's natural target sits near $64.29.

MCHP Falling Wedge Pattern

MCHP is currently forming a falling wedge on the daily timeframe. Detected Jul 22, 2026.

DirectionBullishTarget$100.76Projected move+20.8%Breakout level$83.11

New to this pattern? What a falling wedge is and how to trade it →

How Falling Wedges Have Performed

Win rate

56.4%

Avg return

+0.52R

Backtested trades

10,683

MCHP win rate

50.0%

Historical pattern statistics (1987-01-30 – 2026-07-17), not a prediction.

How these backtests work →

MCHP Pattern Trade History

Every completed pattern trade our nightly backtest found on MCHP's daily chart, newest first — wins and losses alike.

Pattern	Entry	Exit	Outcome	Result
Bullish Pennant	Jun 12, 2026 @ $95.55	Jul 2, 2026 @ $84.64	Loss	+18.8% · -1.06R
Rising Wedge	Feb 20, 2026 @ $76.28	Mar 5, 2026 @ $68.24	Win	+13.7% · +1.14R
Rising Wedge	Jan 30, 2026 @ $76.69	Mar 9, 2026 @ $64.13	Win	+23.1% · +2.65R
Triangle	Oct 20, 2025 @ $66.07	Nov 4, 2025 @ $59.50	Loss	+13.3% · -1.12R
Triangle	Oct 10, 2025 @ $64.33	Nov 4, 2025 @ $60.04	Win	+7.6% · +0.92R
Triangle	Oct 10, 2025 @ $63.26	Nov 7, 2025 @ $55.59	Win	+14.2% · +1.62R
Falling Wedge	Nov 8, 2024 @ $73.23	Nov 12, 2024 @ $67.88	Win	+7.7% · +1.35R
Triangle	Oct 31, 2024 @ $75.18	Nov 13, 2024 @ $65.98	Win	+13.2% · +2.16R
Triangle	Sep 25, 2024 @ $77.11	Oct 15, 2024 @ $75.23	Loss	+21.1% · -1.44R
Rising Wedge	Jul 20, 2023 @ $90.19	Jul 31, 2023 @ $93.94	Loss	+15.5% · -1.11R
Triangle	Jun 7, 2023 @ $78.08	Jul 7, 2023 @ $86.62	Win	+13.9% · +1.27R
Triangle	May 26, 2022 @ $68.20	Jun 13, 2022 @ $59.98	Loss	+10.1% · -1.99R

Recent Falling Wedges on Other Charts

ALNYhit target +18.8%Jul 22, 2026 BAstopped −7.9%Jul 21, 2026 BDXhit target +2.8%Jul 21, 2026 HIIhit target +13.1%Jul 21, 2026

Learn about falling wedge

MCHP Support and Resistance Levels

Price was turned away at a ceiling near $103.91 about 4 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $77.88 — still about 8% away.

Traders commonly watch $77.88 as a target (its 61.8% retracement) — think of it as a sensible next stop, not a guarantee.
That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $103.91 ceiling about 4 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

MCHP Recent Daily Prices

Date	Open	High	Low	Close
Jul 22, 2026	$81.88	$85.66	$81.84	$85.02
Jul 21, 2026	$83.19	$83.87	$81.52	$83.38
Jul 20, 2026	$82.53	$83.42	$80.33	$80.51
Jul 17, 2026	$78.96	$82.00	$78.00	$80.96
Jul 16, 2026	$83.85	$84.82	$80.85	$81.68
Jul 15, 2026	$88.14	$88.14	$83.58	$86.26
Jul 14, 2026	$88.00	$88.65	$86.39	$87.11
Jul 13, 2026	$87.00	$87.00	$83.88	$84.23
Jul 10, 2026	$87.82	$89.45	$86.52	$88.59
Jul 9, 2026	$88.49	$90.85	$87.71	$88.26

MCHP Frequently Asked Questions

What chart pattern is MCHP forming right now?

As of Jul 22, 2026, TradingPal's detector identifies a falling wedge on Microchip Technology (MCHP) on the daily chart, with a measured-move target of $100.76.

Is a falling wedge bullish or bearish?

The falling wedge detected on MCHP is a bullish pattern, projecting a measured-move target of $100.76. See its full backtested track record above — that's the real edge, not the textbook label.

How reliable is a falling wedge pattern, and what is its win rate?

Across TradingPal's backtest of the falling wedge family (10,683 trades over 628 symbols), it resolved in the expected direction 56.4% of the time with an average of +0.52R. These are historical statistics, not a prediction.

What is the price target if MCHP's pattern breaks out?

The detected falling wedge has a geometry-based measured-move target of $100.76 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was MCHP's closing price on Jul 22, 2026?

Microchip Technology (MCHP) last closed at $85.02 on Jul 22, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.