MICRON TECHNOLOGY INC (MU) Stock Technical Analysis
NASDAQ:MU • US5951121038
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 113 other stocks in this industry. MU outperforms 98% 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 336.27 - 455.50 range, which is quite wide. It is currently trading near the high of this range.
- MU has an average volume of 33726400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, MU also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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261.09
When analyzing the support we can see 4 important areas.
- A support zone ranging from 394.68 to 401.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @373.24 from a horizontal line in the daily time frame.
- Support @276.25 from a trend line in the daily time frame.
- Support @263.73 from a trend 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 | 99.1 | POSITIVE | MU has a high relative strength, it outperformed 99.1% 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) | 60.32 | NEUTRAL | The RSI value for MU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.19 | NEGATIVE | The MACD value suggests MU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.52 | NEUTRAL | The Stochastics value for MU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.82 | HIGH VOLATILITY | The high ATR as a percentage value for MU suggests high volalility. |
| Average Directional Index/ADX (14) | 38.22 | POSITIVE | The high ADX value value for MU suggests a strong 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 |
|---|---|---|---|
| 455.51 | 394.67 | 60.84 (13.36%) | 7.49% |
| An entry @455.51. This is a Buy Stop order right above the 10 day high. | An exit @394.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 60.84 points, which is 13.36%. | For a 1.00% total portfolio risk, you can invest 7.49% of your capital in this trade. |
- 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.
413.97
+3.63 (+0.88%)
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 60.319. This indicates that the stock is currently neutral.
What is the MACD signal for MU stock?
The MACD indicator for MICRON TECHNOLOGY INC (MU) has a value of -5.18658, indicating a bearish 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.