Overall MU gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MU has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, MU did better than 99% of all other stocks. We also observe that the gains produced by MU over the past year are nicely spread over this period.
- MU is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 98% of 113 stocks in the same industry.
- MU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MU is lagging the market slightly.
- MU has an average volume of 31760700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MU has a been trading in the 321.36 - 455.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MU has an excellent technical rating, but the quality of the setup is only medium 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
255.58
We found 3 important support areas.
- A support zone ranging from 379.39 to 382.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @269.57 from a trend line in the daily time frame.
- Support @258.16 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 | UP | POSITIVE | The short term trend for MU is up. |
| ChartMill Relative Strength | 99.14 | POSITIVE | MU has a high relative strength, it outperformed 99.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MU is above the rising 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) | 54.56 | NEUTRAL | The RSI value for MU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.73 | NEGATIVE | The MACD value suggests MU has a negative trend. |
| Stochastics (14,3) | 45.89 | NEUTRAL | The Stochastics value for MU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.63 | HIGH VOLATILITY | The high ATR as a percentage value for MU suggests high volalility. |
| Average Directional Index/ADX (14) | 42.55 | POSITIVE | The high ADX value value for MU suggests a strong trend. |
382.89
+3.49 (+0.92%)
MICRON TECHNOLOGY INC / MU FAQ
What is the ChartMill technical rating of MICRON TECHNOLOGY INC (MU) stock?
ChartMill assigns a technical rating of 10 / 10 to MU.
Can you provide the trend direction for MICRON TECHNOLOGY INC?
The current trend direction for MICRON TECHNOLOGY INC (MU) is Bullish.
Can you provide the RSI signal for MICRON TECHNOLOGY INC?
MICRON TECHNOLOGY INC (MU) has an RSI value of 54.5552. This indicates that the stock is currently neutral.
What is the MACD signal for MU stock?
The MACD indicator for MICRON TECHNOLOGY INC (MU) has a value of -4.72728, indicating a bearish trend.
What is the buy/sell signal for MU stock?
The buy/sell signal for MICRON TECHNOLOGY INC (MU) is buy as both the short term and long term trends are positive.