The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 4/17/2026 -
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Micron Technology (MU) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
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It was a third consecutive positive week for the Micron Technology (MU). During the week, the MU gained 34.48 points, or 8.20%, and closed at 455.07 on Friday, April 17, 2026. Weekly volume was 39% above average.

Long-term trend: [See MU long-term trend chart]
A long-term uptrend had started on November 20, 2008 at 1.59 and reached 471.34 on March 18, 2026. MU gained -469.75 points, or -29544.03%, in 903 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (83.05) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See MU medium-term trend chart]
A medium-term downtrend had started on March 18, 2026 at 471.34 and reached 311.49 on March 31, 2026. MU lost 159.85 points, or 33.91%, in 1 weeks. The price is now at the 89.82% retracement level.

Weekly Technical Indicators: [See MU weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 27, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See MU short-term trend chart]
A short-term uptrend had started on March 31, 2026 at 311.49 and reached 470.97 on April 17, 2026. MU gained -159.48 points, or -51.20%, in 17 days. The price is now at the 9.97% retracement level.

Daily Technical Indicators: [See MU daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 7, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.80
Williams' Percentage Range (W%R) 2.60
Strong Overbought
Lane's Stochastic (%D-Slow) 93.75
Strong Overbought
Greed/Fear Indicator (GFI) 88.65
Overbought
Moving Average Converg./Diverg. (MACD) 5.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.61
Williams' Percentage Range (W%R) 1.60
Strong Overbought
Lane's Stochastic (%D-Slow) 56.88
Greed/Fear Indicator (GFI) 69.73
Moving Average Converg./Diverg. (MACD) 59.63
Trading Signals
Description Value Chart
Upper Bollinger Band 497.16
Daily Stochastic Crossing 465.35
Price 455.07
50 Day Moving Average 406.42
20 Day Moving Average 398.81
Weekly Stochastic Crossing 389.89
Parabolic System 378.38
Lower Bollinger Band 334.09
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Semiconductors 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 311.49
Low Date 03/31/2026
High 470.97
High Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 311.49
Low Date 03/31/2026
High 470.97
High Date 04/17/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 471.34
High Date 03/18/2026
Low 311.49
Low Date 03/31/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.54
Low Date 04/07/2025
High 471.34
High Date 03/18/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 113.13
Support 83.05
Low 1.59
Low Date 11/20/2008
High 471.34
High Date 03/18/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.