MCHP — oversold signal, 03 Mar

short term

RSI(2)0.2

RSI(14)37.5

Close $ · flag day71.39

Off 20-day high−14.3%

Avg volume9.6M

What followed

Date	Close $	5-day avg.	vs flag close
03 Mar	71.39	74.16	+0.0%
04 Mar	69.90	73.04	-2.1%
05 Mar	67.81	71.61	-5.0%
06 Mar	64.77	69.64	-9.3%
09 Mar	65.00	67.77	-9.0%
10 Mar	65.33	66.56	-8.5%
11 Mar	65.79	65.74	-7.8%
12 Mar	62.73	64.72	-12.1%
13 Mar	61.94	64.16	-13.2%
16 Mar	63.83	63.92	-10.6%
17 Mar	64.59	63.78	-9.5%

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.

Research chart

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From the oversold list of 03 Mar. The freshest lists go out in the daily alert at 21:30 CET.