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

MCHP — oversold signal, 01 Jun

short term
RSI(2)8.2
RSI(14)49.6
Close $ · flag day91.52
Off 20-day high−13.6%
Avg volume11.6M

What followed

DateClose $ 5-day avg.vs flag close
01 Jun91.5295.42+0.0%
02 Jun96.9695.20+5.9%
03 Jun96.5595.14+5.5%
04 Jun96.3095.20+5.2%
05 Jun88.3493.93-3.5%
08 Jun91.3793.90-0.2%
09 Jun91.4792.81-0.1%
10 Jun87.9191.08-3.9%
11 Jun92.9490.41+1.6%
12 Jun95.2491.79+4.1%
15 Jun100.3293.58+9.6%

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 01 Jun. The freshest lists go out in the daily alert at 21:30 CET.