MCHP Microchip Technology Incorporated
Every five minutes, MKTDATA normalises MCHP's recent 5-minute price action and measures it against a library of ten textbook chart patterns — flags, triangles, cups, wedges and breakouts — scoring shape, trendline fit, volume and momentum.
Current pattern matches
| Pattern | Match | Formed | Status | Last price | Chg |
|---|---|---|---|---|---|
| Falling wedgeBULL | 72% | 100% | Confirmed | $74.20 | -0.35% |
As of the scan at 23:40 UTC. Statuses advance forming → near breakout → breakout → confirmed as price approaches and clears each pattern's trigger level.
Pattern history — last 30 days
| Pattern | Scan appearances | Best match | Last seen |
|---|---|---|---|
| Cup and handle | 40 | 76% | 11 Sep |
| Falling wedge | 24 | 73% | 11 Sep |
| Bull flag | 18 | 81% | 11 Sep |
| Double bottom | 12 | 68% | 11 Sep |
| Bear flag | 11 | 76% | 28 Aug |
| Descending triangle | 7 | 69% | 11 Sep |
| Double top | 7 | 64% | 2 Sep |
| Breakout | 6 | 76% | 3 Sep |
| Ascending triangle | 3 | 62% | 10 Sep |
| Breakout retest | 3 | 76% | 3 Sep |
Appearances count 5-minute scans in which MCHP matched each pattern above the 55-score floor, live sessions only.
Breakout signal record
| Signal | When | Outcome | Move |
|---|---|---|---|
| Falling wedgeBULL | 9 Sep 19:20 | expired | +0.21% |
| Bull flagBULL | 2 Sep 15:25 | win | +0.62% |
| Breakout retestBULL | 26 Aug 16:00 | loss | -0.41% |
| Bull flagBULL | 14 Aug 19:20 | win | +0.54% |
| Cup and handleBULL | 27 Jul 16:30 | loss | -0.55% |
Every time one of MCHP's patterns first closes through its trigger, the entry price is recorded and the outcome measured automatically: win at +0.75% in the pattern's direction, loss at −0.75% against, expired after 3 hours. Full methodology and site-wide record →
Signal movement — entry to exit
Real 5-minute closes around each signal: the amber dot marks the entry close, dashed lines mark the ±0.40% target and stop from entry, and the end dot shows where the signal resolved. Lead-in before entry is dimmed.