MICRON TECHNOLOGY INC (MU) Stock Technical Analysis
NASDAQ:MU - Nasdaq - US5951121038 - Common Stock - Currency: USD
Taking everything into account, MU scores 9 out of 10 in our technical rating. 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.
MU is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 77% of 110 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 21553800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MU did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month MU has a been trading in the 113.66 - 129.85 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. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 122.10. Right above this resistance zone may be a good entry point.
More info and screens
62.95
126.01
We found 3 important support areas.
- A support zone ranging from 118.60 to 118.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.65 from a horizontal line in the weekly time frame.
- Support @63.59 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 122.10 to 124.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 88.88 | POSITIVE | MU has a high relative strength, it outperformed 88.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MU is below 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) | 52.21 | NEUTRAL | The RSI value for MU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.42 | NEGATIVE | The MACD value suggests MU has a negative trend. |
| Stochastics (14,3) | 36.7 | NEUTRAL | The Stochastics value for MU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for MU suggests some volalility. |
| Average Directional Index/ADX (14) | 38.29 | POSITIVE | The high ADX value value for MU suggests a strong trend. |
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)
118.61
-5.92 (-4.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-4.75%
1 Week-1.09%
2 Weeks-4.93%
1 Month2.09%
3 Month72.4%
6 Month12.16%
12 Month3.81%
2 Year66.14%
3 Year91.74%
5 Year136.96%
10 Year540.79%
15 Year1529.26%
Volatility
ATR(14)4.33
ATR(20)%3.58%
ATR Inc33.54%
Range Today3.42
ADR(20)3.65
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.88
Mansfield1.19
10 Day High126.15
10 Day Low117.02
20 Day High129.85
20 Day Low113.66
52 Week High129.85
52 Week Low61.54
CS1 End118.6
CR1 Start122.1
Volume & EV
DER(3)2.31%
DER(5)1.37%
Volume32.12M
Volume Incr-13.67%
Vol(5)22.00M
Vol(50)21.55M