Closing Note
updated 2026-07-24 09:49 UTC

MCHP — oversold signal, 27 Feb

short term
2.6RSI(2)
46.1RSI(14)
74.64close $ on flag day
−10.4%off 20-day high
10.0Mavg daily volume

What followed

DateClose $ 5-day avg.vs flag close
27 Feb74.6475.52+0.0%
02 Mar74.3175.06-0.4%
03 Mar71.3974.16-4.4%
04 Mar69.9073.04-6.4%
05 Mar67.8171.61-9.2%
06 Mar64.7769.64-13.2%
09 Mar65.0067.77-12.9%
10 Mar65.3366.56-12.5%
11 Mar65.7965.74-11.9%
12 Mar62.7364.72-16.0%
13 Mar61.9464.16-17.0%

The rule flags the close; the strategy's exit is the first close above the 5-day average, or six trading days, whichever comes first. Shown for research — not every flag is traded.

Research chart

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From the oversold list of 27 Feb. The freshest lists go out in the daily alert at 21:30 CET.