MICRON TECHNOLOGY INC (MU)

US5951121038 - Common Stock

107.33  -4.6 (-4.11%)

Technical Rating and Analysis

10

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.

In the last month MU has a been trading in the 107.06 - 130.54 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
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.
Looking at the yearly performance, MU did better than 95% of all other 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 107 other stocks in this industry. MU outperforms 93% of them.
MU has an average volume of 23916100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MU is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MU is lagging the market slightly.
Weekly and Daily overview Charts
MU Weekly chart
MU Daily chart
Setup Rating and Analysis

2

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.

Support and Resistance Analysis

74.01

129.29

We found 3 important support areas.

  • A support zone ranging from 87.29 to 87.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @78.69 from a horizontal line in the daily time frame.
  • Support @74.76 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

  • Resistance @107.34 from a trend line in the daily time frame.
  • A resistance zone ranging from 128.01 to 128.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.33
Mansfield3.26
10 Day High129.7
10 Day Low111.48
20 Day High130.54
20 Day Low107.06
52 Week High130.54
52 Week Low58.03
Performance
1 Week-12.22%
2 Weeks-9.8%
1 Month16.29%
3 Month27.91%
6 Month66.51%
12 Month83.1%
2 Year64.14%
3 Year30.05%
5 Year166.12%
10 Year328.52%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-2.04
RSI(14)47.16
LBB114.47
UBB130.1
MU Daily chart

MICRON TECHNOLOGY INC

NASDAQ:MU (4/19/2024, 11:55:09 AM)

107.33

-4.6 (-4.11%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-4.11%
1 Week-12.22%
2 Weeks-9.8%
1 Month16.29%
3 Month27.91%
6 Month66.51%
12 Month83.1%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.83
ATR(20)%5.58%
ATR Inc
Range Today4.35
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High129.7
10 Day Low111.48
20 Day High130.54
20 Day Low107.06
52 Week High130.54
52 Week Low58.03
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume17.30M
Volume Incr-29.48%
Vol(5)23.54M
Vol(50)23.92M