Auto-detected technical analysis for MCHP · data as of Aug 4, 2026. The chart above is live; the read below updates daily.
MCHP just broke higher out of a falling wedge — a brief, tidy pause inside a strong run. That's usually a breather before another push up.
On this chart, setups like it have followed through about 45% of the time.
As long as price stays above $71.23, the setup is intact — a daily close back below there is the cue to step away.
A natural first target sits near $86.00 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.
MCHP is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.
New to this pattern? What a falling wedge is and how to trade it →
Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.
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 2, 2026 @ $99.10 | Jul 2, 2026 @ $84.64 | Loss | -1.05R |
| Rising Wedge | Jan 30, 2026 @ $76.69 | Mar 9, 2026 @ $64.13 | Win | +2.65R |
| Falling Wedge | Nov 4, 2025 @ $60.14 | Nov 17, 2025 @ $51.56 | Win | +1.09R |
| Triangle | Oct 29, 2025 @ $62.23 | Nov 7, 2025 @ $53.81 | Win | +1.46R |
| Triangle | Oct 20, 2025 @ $66.07 | Nov 4, 2025 @ $59.50 | Loss | -1.12R |
| Triangle | Oct 10, 2025 @ $64.33 | Nov 4, 2025 @ $60.12 | Win | +0.90R |
| Triangle | Oct 2, 2025 @ $65.13 | Oct 10, 2025 @ $60.41 | Loss | -1.65R |
| Triangle | Sep 15, 2025 @ $63.69 | Oct 21, 2025 @ $67.52 | Loss | -1.13R |
| Triangle | Jan 30, 2025 @ $54.98 | Feb 7, 2025 @ $51.08 | Win | +0.83R |
| Falling Wedge | Nov 8, 2024 @ $73.23 | Nov 12, 2024 @ $67.88 | Win | +1.35R |
| Triangle | Oct 31, 2024 @ $75.18 | Nov 13, 2024 @ $65.98 | Win | +2.16R |
| Triangle | Sep 25, 2024 @ $77.11 | Oct 15, 2024 @ $75.23 | Loss | -1.44R |
Price found a floor near $77.06 about 2 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $167.00 — still about 107% away.
Nearest auto-detected support sits near $77.11, resistance near $102.26. These are chart/swing-derived levels, not formula pivots.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Aug 4, 2026 | $77.50 | $80.98 | $77.50 | $80.67 |
| Aug 3, 2026 | $73.46 | $75.72 | $72.58 | $75.22 |
| Jul 31, 2026 | $77.08 | $77.67 | $74.18 | $74.29 |
| Jul 30, 2026 | $74.93 | $75.86 | $73.25 | $75.01 |
| Jul 29, 2026 | $75.15 | $75.83 | $71.24 | $71.37 |
| Jul 28, 2026 | $76.24 | $77.61 | $74.88 | $75.71 |
| Jul 27, 2026 | $79.49 | $80.36 | $75.56 | $77.90 |
| Jul 24, 2026 | $80.29 | $81.24 | $78.03 | $78.86 |
| Jul 23, 2026 | $81.21 | $83.39 | $80.19 | $81.35 |
| Jul 22, 2026 | $81.88 | $85.66 | $81.84 | $85.02 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.