Bullish Case: MCHP's high dividend growth, consistent reinvestment, and expansion into new markets underpin strong long-term growth potential despite current market volatility. Helium AI predicts continued price growth, making long positions attractive.


Bearish Case: Recent insider selling, along with increased market volatility and warnings of revenue decline, imply potential internal concerns about MCHP's future profitability, suggesting a cautious approach or consideration of bearish positions.


Potential Outcomes:

1. Continued dividend growth and market expansion (60%).

2. Insider sales and revenue decline negatively impacting stock (30%).

3. Volatility spiking, offering short-term trading opportunities (10%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 25, 2024


Microchip Technology Forecast

MCHP        Microchip Technology
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with MCHP



ADI Forecast + Options Trading Strategies   ADI  Analog Devices (0.89)


NCLH Forecast + Options Trading Strategies   NCLH  Norwegian Cruise Line (0.87)


SNA Forecast + Options Trading Strategies   SNA  Snap-on (0.87)


AMKR Forecast + Options Trading Strategies   AMKR  AMKOR Technology (0.86)


APAM Forecast + Options Trading Strategies   APAM  Artisan Partners Asset (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to MCHP



CTVA Forecast + Options Trading Strategies   CTVA  Corteva (0.0)


RICK Forecast + Options Trading Strategies   RICK  RCI Hospitality (0.0)


ALGM Forecast + Options Trading Strategies   ALGM  Allegro Microsystems (0.0)


ES Forecast + Options Trading Strategies   ES  Eversource Energy (-0.0)


GLPI Forecast + Options Trading Strategies   GLPI  Gaming and Leisure Properties (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against MCHP



SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.8)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.81)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.81)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.81)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.82)


MCHP News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






Become a more profitable investor with AI optimized trading strategies






×

Chat with MCHP


 Ask me any question!