MCHP PEAD reversal: T+3 ↑LONG faded — T+5 closes -1.18%
T+3 said ↑LONG at +4.05% CAR; T+5 reverses to -1.18%. The market re-priced the print.
AI-generated — produced automatically by Closelook’s systems under this site’s editorial policy.
─ Timeline ─ Print 2026-08-06 MICROCHIP TECHNOLOGY INC T-1 close 77.79 (baseline) T+3 close 81.02 CAR +4.05% → ↑LONG T+5 close 2026-08-13 77.69 CAR -1.18%
─ Verdict ─ T+5 CAR (-1.18%) lands on the opposite side of the entry band from T+3 (+4.05%). The post-earnings drift faded inside two extra sessions — typical signature of a print that hit consensus algorithms hard then gave back as positioning normalised. Our read: the reversal outweighs the T+3 direction — we no longer treat that initial reading as the live signal.
─ Conviction ─ Original conviction 41/100 invalidated. T+5 closes against the signal — the print did not produce a sustained move.
─ Original T+3 signal ─ See earnings card: /tape/c-earnings-mchp-2026-08-06/
─ Closelook frame ─ Indices: NDX
→ closelook.net/indices/stock/mchp/