We assign a technical rating of 10 out of 10 to MU. 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 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
224.38
When analyzing the support we can see 3 important areas.
- Support @245.50 from a trend line in the daily time frame.
- Support @238.12 from a trend line in the daily time frame.
- Support @226.65 from a horizontal 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 | 98.69 | POSITIVE | MU has a high relative strength, it outperformed 98.69% 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) | 71.71 | OVERBOUGHT | The high RSI value suggests MU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.49 | POSITIVE | The MACD value suggests MU has a positive trend. |
| Stochastics (14,3) | 91.42 | OVERBOUGHT | The high Stochastics value suggests MU may be overbought. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for MU suggests some volalility. |
| Average Directional Index/ADX (14) | 27.78 | POSITIVE | The high ADX value value for MU suggests a strong trend. |
345.09
+18.07 (+5.53%)
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 71.7126. This indicates that the stock is currently overbought.
What is the MACD signal for MU stock?
The MACD indicator for MICRON TECHNOLOGY INC (MU) has a value of 5.48951, indicating a bullish 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.