Taking everything into account, MU scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MU is showing a nice and steady performance.
Besides having an excellent technical rating, MU also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 209.39, a Stop Loss order could be placed below this zone.
More info and screens
145.93
3 important support areas can be observed.
- A support zone ranging from 205.16 to 209.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @150.00 from a trend line in the daily time frame.
- Support @147.40 from a trend line in the weekly 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 | 97.53 | POSITIVE | MU has a high relative strength, it outperformed 97.53% 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) | 58.65 | NEUTRAL | The RSI value for MU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.46 | NEGATIVE | The MACD value suggests MU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.46 | NEUTRAL | The Stochastics value for MU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.84 | HIGH VOLATILITY | The high ATR as a percentage value for MU suggests high volalility. |
| Average Directional Index/ADX (14) | 20.69 | NEUTRAL | The ADX value for MU suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 260.59 | 192.58 | 68.01 (26.10%) | 3.83% |
| An entry @260.59. This is a Buy Stop order right above the 10 day high. | An exit @192.58. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 68.01 points, which is 26.10%. | When investing 3.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
240.46
+3.98 (+1.68%)
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.
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 58.653. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MICRON TECHNOLOGY INC?
The buy/sell signal for MICRON TECHNOLOGY INC (MU) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for MICRON TECHNOLOGY INC?
MICRON TECHNOLOGY INC (MU) has a support level at 209.39. Check the full technical report for our detailed analysis of MU support and resistance levels.