MU Technical Signal Analysis
MU have 4 buy signals and 3 sell signals now. The current trend is downtrend starting from 2025-02-18. The total price change during this trend is -10.44%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of MU over last 5 trading day is $1,913,400,362.38
4 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Moving Average
Price crosses above 5-day SMA
--
Bullish
Moving Average
Price crosses above 10-day SMA
--
Bullish
Moving Average
Price crosses above 20-day SMA
--
Bullish
Moving Average
Price crosses above 60-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-3.88
Bearish
Momentum (10 days)
MOM_10 < 0
-2.07
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-1.46
Bearish
4 Bullish Signal
Name
Signal
Value
Meaning
Moving Average
Price crosses above 5-day SMA
--
Bullish
Moving Average
Price crosses above 10-day SMA
--
Bullish
Moving Average
Price crosses above 20-day SMA
--
Bullish
Moving Average
Price crosses above 60-day SMA
--
Bullish
MU Support and Resistance Level
The support levels for MU are at 87, 83.67, and 78.27, while the resistance levels are at 97.8, 101.13, and 106.52. With the current stock price at 95.03, it is leaning more toward the resistance levels.
MU Technical Analysis
Comprehensive Technical Analysis of MU Stock
Current Price and Volume Analysis:
- Current Price: $92.74 (as of 2025-03-07)
- Volume: 19,133,938
- Price Movement: The stock closed at $92.96 during the regular market, showing a 4.13% gain, with a pre-market increase of 1.24% and a slight post-market dip of 0.24%.
Technical Indicators:
- RSI (14): 47.55 (Neutral)
- MACD: -1.29 (Bearish Signal)
- Fibonacci Levels:
- Pivot: $93.50
- Resistance Levels: $98.81, $102.09
- Support Levels: $88.19, $84.91
Price Action and Moving Averages:
- The stock has broken above the 50-day moving average, indicating a bullish trend.
- The price is approaching the first resistance level at $98.81.
Volume Analysis:
- Increased volume supports the bullish momentum, suggesting strong buying interest.
News Sentiment:
- Positive outlook for AI demand benefits MU, but concerns about semiconductor sales and tariffs on Chinese chips could impact the stock.
Conclusion:
Based on the analysis, MU stock is in a bullish trend. The stock is expected to target the resistance level at $98.81.
Recommendation: Buy MU at $92.74.
MU FAQs
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Is MU a buy based on overall technical signals summary?
MU Buy or Sell
MU has 4 buy signals and 3 sell signals now. Overall the technical rating for MU is Neutral.
Neutral
Sell
3
Buy
4
MU Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 95.03 above the SMA_5. In the short term, the stock shows a negative trend with the 90.8 below the SMA_20. In the mid term, the stock shows a negative trend with the 95.1 below the SMA_60. In the long term, the stock shows a positive trend with the 95.64 above the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about MU's current trend?What are MU's key support and resistance levels?