MICRON TECHNOLOGY INC (MU) Technical Analysis
NASDAQ:MU • US5951121038
Current stock price
MU Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to MU. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MU is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, MU also shows a nice and consistent pattern of rising prices.
- MU is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. MU outperforms 96% of them.
- MU is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MU has a been trading in the 311.49 - 531.36 range, which is quite wide. It is currently trading near the high of this range.
- MU has an average volume of 41690300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MU Weekly and Daily overview Charts
MU Setup Rating and Analysis
Although MU has an excellent technical rating, it does not present a decent entry opportunity 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
MU Support and Resistance Analysis
341.01
We found 3 important support areas.
- Support @448.41 from a horizontal line in the daily time frame.
- Support @394.33 from a trend line in the weekly time frame.
- Support @344.45 from a trend line in the daily time frame.
MU Technical Indicator Signal Analysis
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 | 99.07 | POSITIVE | MU has a high relative strength, it outperformed 99.07% 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) | 66.03 | NEUTRAL | The RSI value for MU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 8.52 | POSITIVE | The MACD value suggests MU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.11 | OVERBOUGHT | The high Stochastics value suggests MU may be overbought. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for MU suggests high volalility. |
| Average Directional Index/ADX (14) | 25.65 | POSITIVE | The high ADX value value for MU suggests a strong trend. |
MU Chart- and CandleStick Pattern Analysis
MU Technicals: Chart, Performance Metrics, Trend & Indicators
504.29
-20.27 (-3.86%)
MICRON TECHNOLOGY INC / MU TA 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.
What is the RSI signal for MICRON TECHNOLOGY INC (MU) stock?
MICRON TECHNOLOGY INC (MU) has an RSI value of 66.0336. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MICRON TECHNOLOGY INC?
The short term momentum for MICRON TECHNOLOGY INC (MU) is positive.
What are the support and resistance levels for MICRON TECHNOLOGY INC (MU) stock?
MICRON TECHNOLOGY INC (MU) has a support level at 448.41. Check the full technical report for our detailed analysis of MU support and resistance levels.