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Archive
- 6/12/2026 -
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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 117.60 points, or 13.61%, and closed at 981.61 on Friday, June 12, 2026. Weekly volume was 72% above 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 1089.29 on June 3, 2026. MU gained -1087.70 points, or -68408.81%, in 914 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (84.02) 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 March 31, 2026 at 311.49 and reached 1089.29 on June 3, 2026. MU gained -777.80 points, or -249.70%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 822.57 and resistance is at 1207.69. 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since April 24, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 3, 2026 at 1089.29 and reached 854.35 on June 9, 2026. MU lost 234.94 points, or 21.57%, in 6 days. The price is now at the 54.17% 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 below its signal line. Such crossover is considered a bearish signal.
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