MCHP — oversold signal, 20 Jul
RSI(2)8.9
RSI(14)39.0
Close $ · flag day80.51
Off 20-day high−22.6%
Avg volume12.2M
What followed
| Date | Close $ | 5-day avg. | vs flag close |
|---|---|---|---|
| 20 Jul | 80.51 | 83.30 | +0.0% |
| 21 Jul | 83.38 | 82.56 | +3.6% |
| 22 Jul | 85.02 | 82.31 | +5.6% |
| 23 Jul | 81.35 | 82.24 | +1.0% |
| 24 Jul | 78.86 | 81.82 | -2.0% |
| 27 Jul | 77.90 | 81.30 | -3.2% |
| 28 Jul | 75.71 | 79.77 | -6.0% |
| 29 Jul | 71.37 | 77.04 | -11.4% |
| 30 Jul | 75.01 | 75.77 | -6.8% |
| 31 Jul | 74.29 | 74.86 | -7.7% |
| 03 Aug | 75.22 | 74.32 | -6.6% |
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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