As far as I know, microphonic is when the turns of copper inside the coil are moving. If I'm wrong someone will correct it in a minute.
the cover, if it has one, can also be microphonic. or any loose metal part that vibrates in the pickups magnetic field will have a similar effect
if your pickup is moving about easily it needs sturdier springs, rubber tubing or sponges underneath to hold it steady - that is the first thing to sort.
if it still squeals, and stops when you push on the cover then it may be the cover that is microphonic and needs a repot