MCHP — oversold signal, 20 Jul

short term

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%

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 20 Jul. The freshest lists go out in the daily alert at 21:30 CET.