The Greedy Trader Weekly Analysis
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- 7/10/2026 -
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Micron Technology (MU) Technical Analysis

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Summary:
Weekly :Broken trend support lineStochastic signal line moved below overbought areaBroken trend resistance line
Daily :Price is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Micron Technology (MU). During the week, the MU climbed 3.74 points, or 0.38%, and closed at 979.30 on Friday, July 10, 2026. Weekly volume was 16% above average.

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 (84.47) 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 1255.00 on June 25, 2026. MU gained -943.51 points, or -302.90%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (1067.26) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend.

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 above its signal line since April 24, 2026. This is an indication that the medium-term trend is up. 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 25, 2026 at 1255.00 and reached 891.66 on July 7, 2026. MU lost 363.34 points, or 28.95%, in 12 days. Price is near the Fibonacci 23.6% 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.

The daily MACD line is below its signal line since June 26, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.43
Williams' Percentage Range (W%R) 79.80
Lane's Stochastic (%D-Slow) 20.82
Greed/Fear Indicator (GFI) 27.14
Moving Average Converg./Diverg. (MACD) 47.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.80
Williams' Percentage Range (W%R) 30.70
Lane's Stochastic (%D-Slow) 78.75
Greed/Fear Indicator (GFI) 69.23
Moving Average Converg./Diverg. (MACD) 154.41
Trading Signals
Description Value Chart
Upper Bollinger Band 1174.78
Weekly Stochastic Crossing 1128.50
Monthly Trendline Support 1067.26
20 Day Moving Average 1053.56
Parabolic System 1039.48
Price 979.30
Daily Stochastic Crossing 955.92
50 Day Moving Average 899.05
Lower Bollinger Band 843.11
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Semiconductors 63
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 891.66
Low Date 07/07/2026
High 1035.50
High Date 07/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1255.00
High Date 06/25/2026
Low 891.66
Low Date 07/07/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 1411.69
Support 1067.26
Low 311.49
Low Date 03/31/2026
High 1255.00
High Date 06/25/2026
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 114.54
Support 84.47
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.