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Semiconductors Industry Stocks Technical Analysis - MUArchive
- 5/10/2024 -
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Micron Technology (MU) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Micron Technology (MU). During the week, the MU gained 6.54 points, or 5.70%, and closed at 121.24 on Friday, May 10, 2024. Weekly volume was -14% below average.
 Long-term trend: [See MU long-term trend chart]
A long-term uptrend had started on December 22, 2022 at 48.43 and reached 130.54 on April 4, 2024. MU gained -82.11 points, or -169.54%, in 67 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (89.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 July 6, 2023 at 60.50 and reached 130.54 on April 4, 2024. MU gained -70.04 points, or -115.77%, in 39 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (86.30) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 technical indicators are neutral.
The weekly MACD line is above its signal line since November 3, 2023. 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 April 19, 2024 at 105.72 and reached 121.85 on May 10, 2024. MU gained -16.13 points, or -15.26%, in 21 days. Price is near the trend high.
 Daily Technical Indicators: [See MU daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
4 |
| Industry |
Semiconductors |
59 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
117.44 |
| Low Date |
05/09/2024 |
| High |
121.85 |
| High Date |
05/10/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
105.72 |
| Low Date |
04/19/2024 |
| High |
121.85 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
96.68 |
| Support |
86.30 |
| Low |
60.50 |
| Low Date |
07/06/2023 |
| High |
130.54 |
| High Date |
04/04/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
104.45 |
| Support |
89.28 |
| Low |
48.43 |
| Low Date |
12/22/2022 |
| High |
130.54 |
| High Date |
04/04/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
98.45 |
| High Date |
01/05/2022 |
| Low |
48.43 |
| Low Date |
12/22/2022 |
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