MICRON TECHNOLOGY INC (MU) Technical Analysis
NASDAQ:MU • US5951121038
Overall MU gets a technical rating of 10 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that MU is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by MU over the past year are nicely spread over this period.
- MU is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 98% of 115 stocks in the same industry.
- MU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MU is lagging the market slightly.
- MU has an average volume of 35082400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MU has a been trading in the 357.67 - 438.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MU has an excellent technical rating and 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 382.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
297.32
We found 2 important support areas.
- A support zone ranging from 366.49 to 382.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @300.32 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @437.81 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 | NEUTRAL | NEUTRAL | The short term trend for MU is neutral. |
| ChartMill Relative Strength | 98.75 | POSITIVE | MU has a high relative strength, it outperformed 98.75% 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) | 55.96 | NEUTRAL | The RSI value for MU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.17 | NEGATIVE | The MACD value suggests MU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.11 | NEUTRAL | The Stochastics value for MU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for MU suggests high volalility. |
| Average Directional Index/ADX (14) | 23.07 | 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 |
|---|---|---|---|
| 437.82 | 357.66 | 80.16 (18.31%) | 5.46% |
| An entry @437.82. This is a Buy Stop order right above the resistance zone. | An exit @357.66. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 80.16 points, which is 18.31%. | For a 1.00% total portfolio risk, you can invest 5.46% 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.
MU Technicals: Chart, Performance Metrics, Trend & Indicators
418.69
+15.58 (+3.86%)
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 55.9592. 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 -3.17428, indicating a bearish trend.