MICRON TECHNOLOGY INC (MU) Stock Technical Analysis
USA - NASDAQ:MU - US5951121038 - Common Stock
Overall MU gets a technical rating of 9 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.
Although MU has an excellent technical rating, it does not offer a high quality setup 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
134.23
We found 3 important support areas.
- A support zone ranging from 214.97 to 215.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 198.46 to 203.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @135.59 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 | 96.7 | POSITIVE | MU has a high relative strength, it outperformed 96.7% 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) | 71.92 | OVERBOUGHT | The high RSI value suggests MU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests MU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.06 | OVERBOUGHT | The high Stochastics value suggests MU may be overbought. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for MU suggests some volalility. |
| Average Directional Index/ADX (14) | 41.46 | POSITIVE | The high ADX value value for MU suggests a strong trend. |
223.77
-0.24 (-0.11%)
MICRON TECHNOLOGY INC / MU FAQ
What is the ChartMill technical rating of MICRON TECHNOLOGY INC (MU) stock?
ChartMill assigns a technical rating of 9 / 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 71.9158. This indicates that the stock is currently overbought.
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 215.38. Check the full technical report for our detailed analysis of MU support and resistance levels.