Micron Technology Inc (MU) 55.28 -0.74 (-1.32%)
55.28 -0.74 (-1.32%)
US5951121038 - Common Stock - Premarket: 53.16 -2.12 (-3.84%)
Technical Rating
Overall MU gets a technical rating of 0 out of 10. MU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MU has an average volume of 18063600. This is a good sign as it is always nice to have a liquid stock.
MU is part of the Semiconductors & Semiconductor Equipment industry. There are 111 other stocks in this industry, MU did better than 40% of them.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MU is a bad performer in the overall market: 72% of all stocks are doing better.
MU is currently trading near the lower end of its 52 week range, which is not a good sign. But, the S&P500 Index is also trading in the lower part of its yearly range, so MU is not an exception.
MU is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Statistics
Support/Resistance Analysis
54.45
96.25
When analyzing the support we notice one important area.
- A support zone ranging from 55.00 to 55.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
8 important resistance areas can be observed.
- Resistance @55.67 from a trend line in the daily time frame.
- A resistance zone ranging from 58.45 to 58.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 66.12 to 66.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @69.98 from a trend line in the daily time frame.
- Resistance @73.20 from a horizontal line in the daily time frame.
- Resistance @75.18 from a horizontal line in the daily time frame.
- Resistance @81.62 from a horizontal line in the daily time frame.
- Resistance @95.30 from a horizontal line in the weekly time frame.
Setup Analysis
Setup Rating
MU has a poor technical rating and the quality of the setup is also only medium 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.
Micron Technology Inc55.28
NASDAQ:MU (6/30/2022, 7:18:33 PM)-0.74 (-1.32%)
| GICS Sector | Information Technology | ||
| GICS Industry | Semiconductors & Semiconductor Equipment | ||
| Today | -1.32% | 1 Week | -1.67% |
| 2 Weeks | -6.5% | 1 Month | -24.84% |
| 3 Month | -27.43% | 6 Month | -40.65% |
| ATR(14) | 2.69 | ATR(20)% | 5.13% |
| ATR Inc | -14.22% | Range Today | 2.19 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 28.57 | Mansfield | -1.55 |
| 10 Day High | 60.59 | 10 Day Low | 53.6 |
| 20 Day High | 75.41 | 20 Day Low | 53.6 |
| 52 Week High | 98.45 | 52 Week Low | 53.6 |
| CS1 End | 55.27 | CR1 Start | 55.67 |
| DER(3) | -0.53% | DER(5) | 0.68% |
| Volume | 29.57M | Volume Incr | 11.89% |
| Vol(5) | 19.63M | Vol(50) | 18.06M |
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