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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Micron Technology (MU) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the Micron Technology (MU). During the week, the MU gained 0.94 points, or 1.18%, and closed at 80.72 on Friday, May 2, 2025. Weekly volume was -23% below 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 157.54 on June 18, 2024. MU gained -155.95 points, or -9808.18%, in 812 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 53.16 and resistance is at 122.07. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See MU medium-term trend chart]
A medium-term downtrend had started on September 26, 2024 at 114.80 and reached 61.54 on April 7, 2025. MU lost 53.26 points, or 46.39%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 54.71 and resistance is at 107.25. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MU weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 28, 2025. This is an indication that the medium-term trend is down. 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 April 7, 2025 at 61.54 and reached 81.67 on May 2, 2025. MU gained -20.13 points, or -32.71%, in 25 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (81.09). 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 short-term trend.
 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. 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 and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 22, 2025. This is an indication that the short-term trend is up.
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