The Greedy Trader Weekly Analysis
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- 8/7/2026 -
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Micron Technology (MU) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 870.95
Daily :Daily  MACD line has moved above its signal line
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It was a first positive week for the Micron Technology (MU). During the week, the MU gained 54.54 points, or 6.63%, and closed at 877.57 on Friday, August 7, 2026. MU was trading at average weekly trading volume.

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 (84.96) 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 downtrend had started on June 25, 2026 at 1255.00 and reached 737.88 on July 29, 2026. MU lost 517.12 points, or 41.20%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (870.95). 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 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 July 24, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 July 29, 2026 at 737.88 and reached 930.88 on July 31, 2026. MU gained -193.00 points, or -26.16%, in 2 days. The price is now at the 27.62% retracement level.

Daily Technical Indicators: [See MU daily technical indicators chart]
Daily technical indicators are neutral.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.90
Williams' Percentage Range (W%R) 39.50
Lane's Stochastic (%D-Slow) 60.59
Greed/Fear Indicator (GFI) 57.33
Moving Average Converg./Diverg. (MACD) -27.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.27
Williams' Percentage Range (W%R) 37.20
Lane's Stochastic (%D-Slow) 38.47
Greed/Fear Indicator (GFI) 51.01
Moving Average Converg./Diverg. (MACD) 163.58
Trading Signals
Description Value Chart
Upper Bollinger Band 1018.18
50 Day Moving Average 970.95
Parabolic System 916.38
Weekly Stochastic Crossing 910.74
20 Day Moving Average 888.26
Price 877.57
Monthly Trendline Resistance 870.95
Daily Stochastic Crossing 867.90
Lower Bollinger Band 775.89
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Semiconductors 25
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 770.10
Low Date 08/03/2026
High 928.98
High Date 08/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 737.88
Low Date 07/29/2026
High 930.88
High Date 07/31/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 870.95
Support 680.02
High 1255.00
High Date 06/25/2026
Low 737.88
Low Date 07/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.54
Low Date 04/07/2025
High 1255.00
High Date 06/25/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 115.04
Support 84.96
Low 1.59
Low Date 11/20/2008
High 1255.00
High Date 06/25/2026
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.