Micron Technology Inc (MU)       55.28  -0.74 (-1.32%)

55.28  -0.74 (-1.32%)

US5951121038 - Common Stock - Premarket: 53.16 -2.12 (-3.84%)

Technical Rating

Overall MU gets a technical rating of 0 out of 10. MU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



MU has an average volume of 18063600. This is a good sign as it is always nice to have a liquid stock.
MU is part of the Semiconductors & Semiconductor Equipment industry. There are 111 other stocks in this industry, MU did better than 40% of them.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MU is a bad performer in the overall market: 72% of all stocks are doing better.
MU is currently trading near the lower end of its 52 week range, which is not a good sign. But, the S&P500 Index is also trading in the lower part of its yearly range, so MU is not an exception.
MU is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Statistics

1 Month 3 Months 6 Months 12 Months -24.84% -27.44% -40.65% -31.18% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 28.57 53.6 - 98.45
MU Weekly chart
MU Daily chart

Support/Resistance Analysis


54.45

96.25
When analyzing the support we notice one important area.
  • A support zone ranging from 55.00 to 55.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
8 important resistance areas can be observed.
  • Resistance @55.67 from a trend line in the daily time frame.
  • A resistance zone ranging from 58.45 to 58.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 66.12 to 66.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @69.98 from a trend line in the daily time frame.
  • Resistance @73.20 from a horizontal line in the daily time frame.
  • Resistance @75.18 from a horizontal line in the daily time frame.
  • Resistance @81.62 from a horizontal line in the daily time frame.
  • Resistance @95.30 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

MU has a poor technical rating and the quality of the setup is also 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.


MU Daily chart

Micron Technology Inc55.28

NASDAQ:MU (6/30/2022, 7:18:33 PM)-0.74 (-1.32%)

Premarket: 53.16 -2.12 (-3.84%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry Semiconductors & Semiconductor Equipment
Performance
Today -1.32% 1 Week -1.67%
2 Weeks -6.5% 1 Month -24.84%
3 Month -27.43% 6 Month -40.65%
Volatility
ATR(14) 2.69 ATR(20)% 5.13%
ATR Inc -14.22% Range Today 2.19
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 28.57 Mansfield -1.55
10 Day High 60.59 10 Day Low 53.6
20 Day High 75.41 20 Day Low 53.6
52 Week High 98.45 52 Week Low 53.6
CS1 End 55.27 CR1 Start 55.67
Volume & EV
DER(3) -0.53% DER(5) 0.68%
Volume 29.57M Volume Incr 11.89%
Vol(5) 19.63M Vol(50) 18.06M

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