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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- 1/16/2026 -
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Micron Technology (MU) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergence
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It was a eighth consecutive positive week for the Micron Technology (MU). During the week, the MU gained 17.66 points, or 5.12%, and closed at 362.75 on Friday, January 16, 2026. Weekly volume was 18% 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 365.81 on January 16, 2026. MU gained -364.22 points, or -22906.92%, in 895 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (60.07) 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 uptrend had started on August 1, 2025 at 103.38 and reached 365.81 on January 16, 2026. MU gained -262.43 points, or -253.85%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (242.22) 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 medium-term trend.

Weekly Technical Indicators: [See MU weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 9, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 December 17, 2025 at 221.69 and reached 365.81 on January 16, 2026. MU gained -144.12 points, or -65.01%, in 30 days. Price is near the trend high.

Daily Technical Indicators: [See MU daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since December 18, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.32
Williams' Percentage Range (W%R) 10.50
Overbought
Lane's Stochastic (%D-Slow) 80.65
Overbought Bearish
Greed/Fear Indicator (GFI) 81.48
Overbought
Moving Average Converg./Diverg. (MACD) 24.22 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.83
Overbought
Williams' Percentage Range (W%R) 5.00
Strong Overbought
Lane's Stochastic (%D-Slow) 88.57
Overbought
Greed/Fear Indicator (GFI) 82.89
Overbought
Moving Average Converg./Diverg. (MACD) 36.55
Trading Signals
Description Value Chart
Upper Bollinger Band 375.33
Price 362.75
Daily Stochastic Crossing 355.51
Weekly Stochastic Crossing 355.06
Monthly Trendline Resistance 340.29
Parabolic System 327.87
20 Day Moving Average 310.53
50 Day Moving Average 266.08
Lower Bollinger Band 248.98
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry Semiconductors 51
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 221.69
Low Date 12/17/2025
High 365.81
High Date 01/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 192.59
Low Date 11/21/2025
High 365.81
High Date 01/16/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 340.29
Support 242.22
Low 103.38
Low Date 08/01/2025
High 365.81
High Date 01/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.54
Low Date 04/07/2025
High 365.81
High Date 01/16/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 127.69
Support 60.07
Low 1.59
Low Date 11/20/2008
High 365.81
High Date 01/16/2026
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.