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Is MCHP set to rally? Crossed Above 20 Day Moving Average shows up after rising 2.06%

SwingTradeBot Nightly Stock Scan: Microchip Technology Incorporated (MCHP) — Technical Patterns & Alerts · Sep 17, 2025, 17:51 ET
MCHP closed up 2.06% on Wednesday, September 17th, with volume running 0.9× below average. Mixed technical signals appeared with Crossed Above 20 DMA and MACD Bullish Signal Line Cross and Directional Movement Crossover Bullish and Pocket Pivot suggesting upside potential, while 50 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 63.97, 62.17 & 60.34, with resistance at 67.6, 69.43 & 71.23.

Current SwingTradeBot Technical Rating of MCHP: D

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Microchip Technology Incorporated (MCHP)