Swing Trader: 17.05% Return, MCHP on Uptrend
Swing Trader's Hi-Tech, Consumer, and Financial Sectors Strategy Witnesses 17.05% Growth for MCHP, Strengthened by the Aroon Uptrend Indicator
In the diverse landscape of trading strategies, Swing Trader's focus on the Hi-tech, Consumer, and Financial sectors has produced impressive results. The diversified portfolio, recently, reported a 17.05% return for Microchip Technology Inc. (MCHP), indicating the strength and effectiveness of the strategic moves undertaken.
A noteworthy contributor to this impressive performance is the Aroon Indicator, a technical tool that swing traders often use to spot changes in the strength of a trend. It measures the time it takes for the price to hit its highest and lowest points over a specific period, offering key insights into possible trend changes.
For MCHP, the Aroon Indicator entered an Uptrend today. The uptrend signals a shift in momentum, suggesting the price could rise further, which is supported by historical data. In the past 266 instances where MCHP's Aroon Indicator has entered an Uptrend, the price has gone on to rise further within the following month in 160 cases. This represents a success rate of 60%, offering a positive outlook for potential continued growth.
This indicates that Swing Trader's diversified approach across the Hi-tech, Consumer, and Financial sectors could be poised for continued success. The Aroon Uptrend Indicator is showing a promising sign of sustained growth for MCHP, strengthening the case for the efficacy of Swing Trader's investment strategy.
It is crucial to note, however, that while this trend is indicative of potential future gains, investors should always take into account the dynamic nature of the market and their individual investment objectives.
All in all, Swing Trader's strategy has proven effective in harnessing the potential of MCHP, leveraging the insights provided by the Aroon Indicator. The 17.05% growth figure serves as a testament to this strategy's soundness, suggesting promising prospects for investors who align with such an investment approach.
MCHP's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for MCHP turned positive on September 28, 2023. Looking at past instances where MCHP's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 51 cases where MCHP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MCHP advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MCHP as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MCHP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for MCHP entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.098) is normal, around the industry mean (7.927). P/E Ratio (17.668) is within average values for comparable stocks, (53.689). Projected Growth (PEG Ratio) (2.780) is also within normal values, averaging (2.330). Dividend Yield (0.019) settles around the average of (0.022) among similar stocks. P/S Ratio (4.843) is also within normal values, averaging (72.520).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MCHP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of microcontrollers for high volume embedded control applications
Industry Semiconductors
MCHP and
Correlation & Price change
A.I.dvisor indicates that over the last year, MCHP has been closely correlated with NXPI. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if MCHP jumps, then NXPI could also see price increases.
| Ticker / NAME | Correlation To MCHP | 1D Price Change % | ||
|---|---|---|---|---|
| MCHP | 100% | +2.76% | ||
| NXPI - MCHP | 88% Closely correlated | +1.95% | ||
| ADI - MCHP | 88% Closely correlated | +2.08% | ||
| ON - MCHP | 86% Closely correlated | +2.17% | ||
| TXN - MCHP | 84% Closely correlated | +0.60% | ||
| DIOD - MCHP | 83% Closely correlated | +2.86% | ||
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