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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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- 7/3/2025 -
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Micron Technology (MU) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtTrend resistance at 123.40
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal line20 Day Moving Average has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 38.2% retracement level
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It was the negative week for the Micron Technology (MU). During the week, the MU dropped -2.47 points, or -1.98%, and closed at 122.29 on Thursday, July 3, 2025. It was the worst weekly loss since May 23, 2025. MU was trading at average weekly trading volume.

MU is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 price is near the trend resistance line (123.40). 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 long-term trend.

Medium-term trend: [See MU medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 61.54 and reached 129.85 on June 26, 2025. MU gained -68.31 points, or -111.00%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 111.29 and resistance is at 135.78. 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 medium-term trend.

Weekly Technical Indicators: [See MU weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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 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 downtrend had started on June 26, 2025 at 129.85 and reached 118.06 on July 2, 2025. MU lost 11.79 points, or 9.08%, in 6 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See MU daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.55
Williams' Percentage Range (W%R) 30.90
Lane's Stochastic (%D-Slow) 36.08
Greed/Fear Indicator (GFI) 55.90
Moving Average Converg./Diverg. (MACD) 7.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.83
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 94.43
Strong Overbought
Greed/Fear Indicator (GFI) 84.80
Overbought
Moving Average Converg./Diverg. (MACD) -0.38
Trading Signals
Description Value Chart
Monthly Trendline Resistance 135.78
Upper Bollinger Band 129.26
Weekly Stochastic Crossing 127.09
Parabolic System 126.25
Yearly Trendline Resistance 123.40
Price 122.29
Daily Stochastic Crossing 121.63
20 Day Moving Average 119.48
Monthly Trendline Support 111.29
Lower Bollinger Band 105.71
50 Day Moving Average 101.43
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Semiconductors 109
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 129.85
High Date 06/26/2025
Low 118.06
Low Date 07/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 129.85
High Date 06/26/2025
Low 118.06
Low Date 07/02/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 135.78
Support 111.29
Low 61.54
Low Date 04/07/2025
High 129.85
High Date 06/26/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 157.54
High Date 06/18/2024
Low 61.54
Low Date 04/07/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 123.40
Support 53.72
Low 1.59
Low Date 11/20/2008
High 157.54
High Date 06/18/2024
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.