207.37 USD
+6 (+2.98%)
208.4 USD
+1.03 (+0.5%)
Overall MU gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month MU has a been trading in the 192.59 - 260.58 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, MU did better than 97% of all other stocks.
MU is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry. MU outperforms 90% of them.
MU is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MU is performing more or less in line with the market.
MU has an average volume of 27152600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although MU has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
122.99
209.44
We found 4 important support areas.
- A support zone ranging from 201.36 to 201.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @147.32 from a trend line in the daily time frame.
- Support @142.68 from a trend line in the weekly time frame.
- Support @124.23 from a trend 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 | UP | POSITIVE | The long term trend for MU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MU is neutral. |
| ChartMill Relative Strength | 97.11 | POSITIVE | MU has a high relative strength, it outperformed 97.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.31 | NEUTRAL | The RSI value for MU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.99 | NEGATIVE | The MACD value suggests MU has a negative trend. |
| Stochastics (14,3) | 15.42 | OVERSOLD | The low Stochastics value suggests MU may be oversold. |
| Average True Range in percent/ATR (20) | 7.62 | HIGH VOLATILITY | The high ATR as a percentage value for MU suggests high volalility. |
| Average Directional Index/ADX (14) | 27.39 | POSITIVE | The high ADX value value for MU suggests a strong 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)
207.37
+6 (+2.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.98%
1 Week-15.99%
2 Weeks-12.84%
1 Month-5.32%
3 Month76.22%
6 Month122.1%
12 Month102.04%
2 Year172.43%
3 Year259.71%
5 Year223.56%
10 Year1201.76%
15 Year2752.41%
Volatility
ATR(14)18.43
ATR(20)%7.62%
ATR Inc50.83%
Range Today19.41
ADR(20)13.75
ADR(20)%6.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.11
3 months CRS97.91
6 months CRS97.07
Mansfield6.09
10 Day High260.58
10 Day Low192.59
20 Day High260.58
20 Day Low192.59
52 Week High260.58
52 Week Low61.54
CS1 End201.36
CR1 StartN/A
Volume & EV
DER(3)-1.57%
DER(5)-0.79%
Volume36.68M
Volume Incr56.27%
Vol(5)36.70M
Vol(50)27.15M
MICRON TECHNOLOGY INC / MU FAQ
What is the ChartMill technical rating of MICRON TECHNOLOGY INC (MU) stock?
ChartMill assigns a technical rating of 8 / 10 to MU.
What is the current trend direction of MICRON TECHNOLOGY INC (MU) stock?
The current trend direction for MICRON TECHNOLOGY INC (MU) is Bullish.
What is the RSI signal for MU stock?
MICRON TECHNOLOGY INC (MU) has an RSI value of 44.3078. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MICRON TECHNOLOGY INC?
MICRON TECHNOLOGY INC (MU) has a support level at 201.36. Check the full technical report for our detailed analysis of MU support and resistance levels.