1MU Technical Analysis - MICRON TECHNOLOGY INC

Technical Rating and Analysis

Overall 1MU gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, 1MU is showing a nice and steady performance.

Warning: 1MU has an average volume of 8052 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that 1MU is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by 1MU over the past year are nicely spread over this period.

1MU is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 96% of 57 stocks in the same industry.

1MU is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month 1MU has a been trading in the 101.06 - 163.36 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MICRON TECHNOLOGY INC / 1MU Weekly stock chart

MICRON TECHNOLOGY INC / 1MU Daily stock chart

Setup Rating and Analysis

Although 1MU has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

114.87

163.98

We found 2 important support areas.

Support @140.97 from a trend line in the daily time frame.
Support @116.03 from a trend line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 1MU.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 1MU.MI is up.
ChartMill Relative Strength	96.97	POSITIVE	1MU.MI has a high relative strength, it outperformed 96.97% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 1MU.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 1MU.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of 1MU.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	79.05	OVERBOUGHT	The high RSI value suggests 1MU.MI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.83	POSITIVE	The MACD value suggests 1MU.MI has a positive trend.
Stochastics (14,3)	97.74	OVERBOUGHT	The high Stochastics value suggests 1MU.MI may be overbought.
Average True Range in percent/ATR (20)	4	MEDIUM VOLATILITY	The ATR as a percentage value for 1MU.MI suggests some volalility.
Average Directional Index/ADX (14)	47.4	POSITIVE	The high ADX value value for 1MU.MI suggests a strong trend.