MCHP — oversold signal, 18 May
RSI(2)3.6
RSI(14)56.9
Close $ · flag day92.76
Off 20-day high−12.4%
Avg volume12.0M
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.
Research chart
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