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

MCHP — oversold signal, 05 Jun

short term
RSI(2)7.7
RSI(14)43.6
Close $ · flag day88.34
Off 20-day high−16.6%
Avg volume11.8M

What followed

DateClose $ 5-day avg.vs flag close
05 Jun88.3493.93+0.0%
08 Jun91.3793.90+3.4%
09 Jun91.4792.81+3.5%
10 Jun87.9191.08-0.5%
11 Jun92.9490.41+5.2%
12 Jun95.2491.79+7.8%
15 Jun100.3293.58+13.6%
16 Jun95.6394.41+8.3%
17 Jun94.1195.65+6.5%
18 Jun99.7797.01+12.9%
22 Jun102.7198.51+16.3%

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