Closing Note
updated 2026-07-24 14:52 UTC

MCHP — oversold signal, 19 May

short term
RSI(2)2.2
RSI(14)54.8
Close $ · flag day91.81
Off 20-day high−13.3%
Avg volume12.0M

What followed

DateClose $ 5-day avg.vs flag close
19 May91.8194.43+0.0%
20 May94.0293.90+2.4%
21 May91.1192.71-0.8%
22 May93.4392.63+1.8%
26 May98.0593.68+6.8%
27 May96.8594.69+5.5%
28 May96.0495.10+4.6%
29 May94.6595.80+3.1%
01 Jun91.5295.42-0.3%
02 Jun96.9695.20+5.6%
03 Jun96.5595.14+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.

Research chart

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From the oversold list of 19 May. The freshest lists go out in the daily alert at 21:30 CET.