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Archive
- 10/2/2026 -
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Micron Technology (MU) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Micron Technology (MU). During the week, the MU gave back -7.39 points, or -0.68%, and closed at 1074.89 on Friday, October 2, 2026. Weekly volume was -23% below average.
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 1255.00 on June 25, 2026. MU gained -1253.41 points, or -78830.82%, in 918 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (85.93) 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 29, 2026 at 737.88 and reached 1108.72 on September 25, 2026. MU gained -370.84 points, or -50.26%, in 8 weeks. The price is now at the 9.12% retracement level.
 Weekly Technical Indicators: [See MU weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 24, 2026. The distance between MACD and the signal line is low and getting smaller. 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 September 25, 2026 at 1108.72 and reached 1022.90 on October 1, 2026. MU lost 85.82 points, or 7.74%, in 6 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See MU daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 September 17, 2026. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.
 Candlestick pattern: [See MU candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.
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