Microchip Technology Stock Forecast - Price Action Indicator
| MCHP Stock | USD 66.59 0.71 1.05% |
Microchip Stock Forecast is based on your current time horizon. Although Microchip Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Microchip Technology's systematic risk associated with finding meaningful patterns of Microchip Technology fundamentals over time.
Microchip |
Open Interest Against 2024-11-15 Microchip Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Microchip Technology's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Microchip Technology's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Microchip Technology stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Microchip Technology's open interest, investors have to compare it to Microchip Technology's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Microchip Technology is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Microchip. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Price Action Indicator | Price Action Indicator | Trend |
| (1.38) | (0.08) |
| Check Microchip Technology Volatility | Backtest Microchip Technology | Information Ratio |
Microchip Technology Trading Date Momentum
| On November 13 2024 Microchip Technology was traded for 66.59 at the closing time. The top price for the day was 67.07 and the lowest listed price was 65.56 . The trading volume for the day was 7 M. The trading history from November 13, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.35% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Microchip Technology to competition |
Other Forecasting Options for Microchip Technology
For every potential investor in Microchip, whether a beginner or expert, Microchip Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Microchip Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Microchip. Basic forecasting techniques help filter out the noise by identifying Microchip Technology's price trends.Microchip Technology Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Microchip Technology stock to make a market-neutral strategy. Peer analysis of Microchip Technology could also be used in its relative valuation, which is a method of valuing Microchip Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Microchip Technology Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Microchip Technology's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Microchip Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Microchip Technology Market Strength Events
Market strength indicators help investors to evaluate how Microchip Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Microchip Technology shares will generate the highest return on investment. By undertsting and applying Microchip Technology stock market strength indicators, traders can identify Microchip Technology entry and exit signals to maximize returns.
| Accumulation Distribution | 157538.0 | |||
| Daily Balance Of Power | (0.47) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 66.32 | |||
| Day Typical Price | 66.41 | |||
| Price Action Indicator | (0.08) | |||
| Period Momentum Indicator | (0.71) | |||
| Relative Strength Index | 51.43 |
Microchip Technology Risk Indicators
The analysis of Microchip Technology's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Microchip Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting microchip stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.8 | |||
| Standard Deviation | 2.3 | |||
| Variance | 5.29 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Microchip Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Microchip Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Microchip Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Microchip Stock
Moving against Microchip Stock
| 0.45 | MTSI | MACOM Technology Sol Fiscal Year End 14th of November 2024 | PairCorr |
| 0.4 | TSM | Taiwan Semiconductor Fiscal Year End 16th of January 2025 | PairCorr |
| 0.32 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Microchip Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microchip Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microchip Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microchip Technology to buy it.
The correlation of Microchip Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microchip Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microchip Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microchip Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Microchip Stock Analysis
When running Microchip Technology's price analysis, check to measure Microchip Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Microchip Technology is operating at the current time. Most of Microchip Technology's value examination focuses on studying past and present price action to predict the probability of Microchip Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Microchip Technology's price. Additionally, you may evaluate how the addition of Microchip Technology to your portfolios can decrease your overall portfolio volatility.