updated 2026-07-24 09:49 UTC
MCHP — oversold signal, 19 May
short term
2.2 RSI(2)
54.8 RSI(14)
91.81 close $ on flag day
−13.3% off 20-day high
12.0M avg daily volume
What followed
Date Close $
5-day avg. vs flag close 19 May 91.81 94.43 +0.0% 20 May 94.02 93.90 +2.4% 21 May 91.11 92.71 -0.8% 22 May 93.43 92.63 +1.8% 26 May 98.05 93.68 +6.8% 27 May 96.85 94.69 +5.5% 28 May 96.04 95.10 +4.6% 29 May 94.65 95.80 +3.1% 01 Jun 91.52 95.42 -0.3% 02 Jun 96.96 95.20 +5.6% 03 Jun 96.55 95.14 +5.2%
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
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recommendation — decisions are yours alone. Figures shown are backtested
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