updated 2026-07-24 09:49 UTC
MCHP — oversold signal, 15 May
short term
5.6 RSI(2)
59.3 RSI(14)
93.85 close $ on flag day
−11.4% off 20-day high
12.0M avg daily volume
What followed
Date Close $
5-day avg. vs flag close 15 May 93.85 96.87 +0.0% 18 May 92.76 95.61 -1.2% 19 May 91.81 94.43 -2.2% 20 May 94.02 93.90 +0.2% 21 May 91.11 92.71 -2.9% 22 May 93.43 92.63 -0.4% 26 May 98.05 93.68 +4.5% 27 May 96.85 94.69 +3.2% 28 May 96.04 95.10 +2.3% 29 May 94.65 95.80 +0.9% 01 Jun 91.52 95.42 -2.5%
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.
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Closing Note is an automated market scanner: it reports
what a fixed, published rule flags, and tracks what that rule would have
done. It is not investment advice, portfolio management, or a
recommendation — decisions are yours alone. Figures shown are backtested
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