MICRON TECHNOLOGY INC (MTE.DE) Stock Technical Analysis
FRA:MTE - Deutsche Boerse Ag - US5951121038 - Common Stock - Currency: EUR
We assign a technical rating of 4 out of 10 to MTE. Recently some decent action could be observed, but in the medium term time frame this is still negative. MTE was also a bad performer in the overall market in the last year.
90% of all other stocks performed better in the past year than MTE.
Warning: MTE has an average volume of 20243 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MTE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
MTE is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 50% of 54 stocks in the same industry.
MTE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MTE is lagging the market slightly.
Although the technical rating is only medium, MTE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 82.06, a Stop Loss order could be placed below this zone.
More info and screens
80.82
104.80
When analyzing the support we notice one important area.
- A support zone ranging from 81.64 to 81.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 85.13 to 85.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 87.61 to 87.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @103.76 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for MTE.DE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTE.DE is up. |
| ChartMill Relative Strength | 10.69 | NEGATIVE | MTE.DE has a low relative strength, it was outperformed by 89.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MTE.DE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MTE.DE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTE.DE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.06 | NEUTRAL | The RSI value for MTE.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MTE.DE has a negative trend. |
| Stochastics (14,3) | 60.15 | NEUTRAL | The Stochastics value for MTE.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for MTE.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.92 | NEUTRAL | The ADX value for MTE.DE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
FRA:MTE (6/2/2025, 9:28:23 AM)
81.82
-1.54 (-1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.85%
1 Week2.11%
2 Weeks-4.85%
1 Month17.57%
3 Month-7.32%
6 Month-9.94%
12 Month-25.84%
2 Year30.62%
3 Year22.32%
5 Year98.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.11
ATR(20)%3.74%
ATR Inc-0.72%
Range Today0.24
ADR(20)2.39
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.69
Mansfield-1.29
10 Day High88.59
10 Day Low80.28
20 Day High88.59
20 Day Low69.4
52 Week High147.62
52 Week Low51.73
CS1 End82.06
CR1 Start85.13
Volume & EV
DER(3)-2.32%
DER(5)-1.4%
Volume174
Volume Incr-24.87%
Vol(5)11.01K
Vol(50)20.24K