MCHP — oversold signal, 02 Mar

short term

RSI(2)1.5

RSI(14)45.1

Close $ · flag day74.31

Off 20-day high−10.8%

Avg volume9.6M

What followed

Date	Close $	5-day avg.	vs flag close
02 Mar	74.31	75.06	+0.0%
03 Mar	71.39	74.16	-3.9%
04 Mar	69.90	73.04	-5.9%
05 Mar	67.81	71.61	-8.7%
06 Mar	64.77	69.64	-12.8%
09 Mar	65.00	67.77	-12.5%
10 Mar	65.33	66.56	-12.1%
11 Mar	65.79	65.74	-11.5%
12 Mar	62.73	64.72	-15.6%
13 Mar	61.94	64.16	-16.6%
16 Mar	63.83	63.92	-14.1%

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 02 Mar. The freshest lists go out in the daily alert at 21:30 CET.