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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- 1/2/2026 -
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Micron Technology (MU) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 320.41
Daily :Lane's Stochastic is strongly overboughtLane's Stochastic bearish divergence
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It was a sixth consecutive positive week for the Micron Technology (MU). During the week, the MU gained 30.63 points, or 10.76%, and closed at 315.42 on Friday, January 2, 2026. Weekly volume was 16% 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 315.60 on January 2, 2026. MU gained -314.01 points, or -19749.06%, in 893 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (59.93) 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 315.60 on January 2, 2026. MU gained -212.22 points, or -205.28%, in 22 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (320.41). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See MU weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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. 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 315.60 on January 2, 2026. MU gained -93.91 points, or -42.36%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See MU daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic 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) 69.62
Williams' Percentage Range (W%R) 21.80
Lane's Stochastic (%D-Slow) 91.56
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 79.79
Moving Average Converg./Diverg. (MACD) 13.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.69
Overbought
Williams' Percentage Range (W%R) 10.10
Overbought
Lane's Stochastic (%D-Slow) 82.20
Overbought
Greed/Fear Indicator (GFI) 78.48
Moving Average Converg./Diverg. (MACD) 31.92
Trading Signals
Description Value Chart
Monthly Trendline Resistance 320.41
Upper Bollinger Band 317.38
Price 315.42
Daily Stochastic Crossing 311.65
Weekly Stochastic Crossing 295.68
Parabolic System 278.45
20 Day Moving Average 262.43
50 Day Moving Average 242.27
Lower Bollinger Band 217.14
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Semiconductors 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 221.69
Low Date 12/17/2025
High 315.60
High Date 01/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 192.59
Low Date 11/21/2025
High 315.60
High Date 01/02/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 320.41
Support 229.98
Low 103.38
Low Date 08/01/2025
High 315.60
High Date 01/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.54
Low Date 04/07/2025
High 315.60
High Date 01/02/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 127.37
Support 59.93
Low 1.59
Low Date 11/20/2008
High 315.60
High Date 01/02/2026
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.