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Archive
- 10/16/2026 -
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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 dropped -150.16 points, or -14.59%, and closed at 878.84 on Friday, October 16, 2026. It was the worst weekly loss since July 2, 2026. Weekly volume was -21% 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 (86.17) 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. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See MU weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since July 24, 2026. 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 858.00 on October 15, 2026. MU lost 250.72 points, or 22.61%, in 20 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (991.33) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a short-term trend.
 Daily Technical Indicators: [See MU daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since October 5, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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