MONOLITHIC POWER SYSTEMS INC (MPWR) closed at 1,652.29 (+4.75%). Trend remains constructive above MA50 and MA200. Momentum stays positive (+6.60%); 52W position: 96% of range; and Volatility: ATR14 6.36%. RSI(14) stands around 56.0, which keeps the momentum picture broadly balanced. RSI has been trending higher in recent sessions, indicating improving momentum conditions. MACD is positioned under the signal line, suggesting momentum recovery has not fully developed yet. The MACD histogram remains negative, suggesting momentum is still on the softer side.
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Setup:
Pattern
Triangle breakout is active after price reclaimed the trigger zone.
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Holding above 1,612.58 keeps the breakout structure healthier.
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Risk:
A loss of 1,210.41 would weaken the setup.
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Key levels:
Key levels
The nearest decision zone is framed by support at 1529.89 and resistance at 1689.89.
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Risk:
A move through resistance would improve the short-term technical tone, while a loss of support would weaken the current structure.