Auto-detected technical analysis for MCHP · data as of Jun 25, 2026. The chart above is live; the read below updates daily.
$94.12last close · Jun 25, 2026
MCHP Falling Wedge Pattern
No chart pattern is currently detected on MCHP. The most recent was a Falling Wedge, detected Jun 12, 2026.
A Falling Wedge is a brief, tidy pause that typically continues the move higher. It projects a measured-move target near $107.33 (+13.7%). Across 13,048 backtested falling wedges, the setup followed through 53.9% of the time, averaging +0.38R; MCHP's own falling wedges have hit 54.5%.
MCHP is in an open Bullish Pennant setup — it broke higher near $95.24, projecting a target near $111.64, with invalidation at $85.28.
How Falling Wedges have performed
Win rate
53.9%
Avg return
+0.38R
Backtested trades
13,048
MCHP win rate
54.5%
Historical pattern statistics (1986-12-19 – 2026-06-10), not a prediction.
MCHP support and resistance levels
The weekly read is leaning higher. Price eased down into a floor near $88.11 about 2 weeks ago, and the rules still favor a move higher from here.
What started it: Price only had to touch that floor at some point during the week — it didn't need to close there.
What would call it off: Two weekly closes back below $87.58 — a touch below the $88.11 floor, the room the read is given before it's wrong.
Where it has room to go: There's room toward its measured target — the first price above where the move is likely to pause.
So far price hasn't moved that way yet — it's still close to where the read began.
Nearest auto-detected support sits near $49.35, resistance near $99.91. These are chart/swing-derived levels, not formula pivots.
Resistance
$99.91$102.58$102.65$153.61$168.92
Support
$49.35
MCHP recent daily prices
Date
Open
High
Low
Close
Jun 25, 2026
$95.70
$97.23
$91.84
$94.12
Jun 24, 2026
$92.86
$93.51
$89.78
$92.48
Jun 23, 2026
$97.09
$98.38
$92.07
$93.26
Jun 22, 2026
$101.50
$104.03
$101.10
$102.71
Jun 18, 2026
$98.20
$100.92
$97.81
$99.77
Jun 17, 2026
$97.67
$97.89
$93.92
$94.11
Jun 16, 2026
$99.50
$101.93
$95.57
$95.63
Jun 15, 2026
$98.79
$100.96
$98.00
$100.32
Jun 12, 2026
$92.96
$95.70
$91.90
$95.24
Jun 11, 2026
$90.47
$93.34
$88.73
$92.94
MCHP frequently asked questions
What chart pattern is MCHP forming right now?
No pattern is currently detected on MCHP. The most recent was a Falling Wedge, detected Jun 12, 2026.
Is a Falling Wedge bullish or bearish?
The Falling Wedge detected on MCHP is a bullish pattern, projecting a measured-move target of $107.33. 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 (13,048 trades over 516 symbols), it resolved in the expected direction 53.9% of the time with an average of +0.38R. These are historical statistics, not a prediction.
What are the support and resistance levels for MCHP?
Based on auto-detected, swing-derived levels (as of Jun 25, 2026), MCHP's nearest support is around $49.35 and nearest resistance around $99.91.
What is the price target if MCHP's pattern breaks out?
The detected Falling Wedge has a geometry-based measured-move target of $107.33 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was MCHP's closing price on Jun 25, 2026?
Microchip Technology (MCHP) last closed at $94.12 on Jun 25, 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.
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