The best indicator for Microchip Technology (MCHP)
We backtested 382 indicators across daily, weekly and hourly charts on real Microchip Technology (MCHP) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Microchip Technology (MCHP) stands
Computed from our own daily OHLCV history, not quoted from a third party. Moving averages use closing prices; "52-week" is the last 252 trading sessions.
Connors RSI-2
On the daily chart, this is the strongest risk-adjusted edge we found for Microchip Technology (MCHP) over ~33.5 years — trailing buy-and-hold by 2.7% CAGR.
Microchip Technology (MCHP) on the daily chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
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Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Microchip Technology (MCHP) — trailing buy-and-hold by 11.0% CAGR, out-of-sample. Fewer, higher-conviction trades than any single indicator.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | Connors RSI-2 ✓ | Daily | 17.3% | 0.74 | -46.8% | 62.9% | 391 | -2.7% |
| 2 | Bollinger Mean-Reversion ✓ | Daily | 17.4% | 0.73 | -41.4% | 70.3% | 158 | -2.6% |
| 3 | Connors RSI ✓ | Daily | 18.2% | 0.73 | -60.1% | 63.2% | 394 | -1.8% |
| 4 | Fibonacci Bands ✓ | Daily | 17.4% | 0.73 | -41.4% | 70.3% | 158 | -2.6% |
| 5 | Projection Bands ✓ | Daily | 18.7% | 0.71 | -54.6% | 67.1% | 316 | -1.3% |
| 6 | Fibonacci Pivots ✓ | Weekly | 17.1% | 0.71 | -52.7% | 59.0% | 271 | -2.7% |
| 7 | Order-Flow Reversion ✓ | Daily | 16.0% | 0.7 | -41.4% | 70.2% | 141 | -4.0% |
| 8 | Pivot Points (Standard) ✓ | Weekly | 15.8% | 0.7 | -56.4% | 60.3% | 242 | -4.1% |
| 9 | VWAP Bands ✓ | Daily | 15.4% | 0.68 | -41.4% | 70.3% | 145 | -4.6% |
| 10 | Intraday Momentum Index ✓ | Daily | 18.8% | 0.65 | -57.9% | 76.3% | 97 | -1.2% |
| 11 | Fibonacci Pivots ✓ | Daily | 16.3% | 0.64 | -48.6% | 53.8% | 1361 | -3.7% |
| 12 | MA Envelope ✓ | Daily | 15.2% | 0.6 | -58.4% | 63.5% | 285 | -4.8% |
| 13 | Williams %R ✓ | Daily | 15.1% | 0.59 | -65.5% | 73.9% | 230 | -4.8% |
| 14 | Pivot Points (Standard) ✓ | Daily | 13.7% | 0.58 | -47.4% | 53.9% | 1240 | -6.3% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Microchip Technology (MCHP)
15 of 677 tested setups beat buy-and-hold on Microchip Technology (MCHP) outright. Another 131 could get there with leverage they would survive — but 311 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| TEMA 20/50 Cross | 1 | none needed | 2.54× |
| True Strength Index | 1 | none needed | 1.95× |
| Zero-Lag EMA Cross | 1 | none needed | 2.14× |
| Intraday Momentum Index | 1 | none needed | 1.73× |
| Ehlers Reflex | 1 | none needed | 1.51× |
| MACD-V | 1 | none needed | 2.04× |
Out-of-sample, costs included. A setup is only listed if the leverage it needs is less than the leverage its own worst drawdown survives — when it isn't, no amount of leverage gets there. Volatility drag isn't modelled, so these are the optimistic case. Every indicator, ranked this way
For Microchip Technology (MCHP), Connors RSI-2 on the daily timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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