updated 2026-07-24 09:49 UTC
MCHP — oversold signal, 18 May
short term
3.6 RSI(2)
56.9 RSI(14)
92.76 close $ on flag day
−12.4% off 20-day high
12.0M avg daily volume
What followed
Date Close $
5-day avg. vs flag close 18 May 92.76 95.61 +0.0% 19 May 91.81 94.43 -1.0% 20 May 94.02 93.90 +1.4% 21 May 91.11 92.71 -1.8% 22 May 93.43 92.63 +0.7% 26 May 98.05 93.68 +5.7% 27 May 96.85 94.69 +4.4% 28 May 96.04 95.10 +3.5% 29 May 94.65 95.80 +2.0% 01 Jun 91.52 95.42 -1.3% 02 Jun 96.96 95.20 +4.5%
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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