MU Daily Technical Analysis
Micron Technology Inc
American producer of computer memory and data storage solutions, including DRAM (dynamic random-access memory) and NAND flash memory products. Their products are essential for a wide range of applications, from personal computers and mobile devices to data centers and automotive systems.
MU Technical Analysis Summary
Micron Technology is in a robust long-term uptrend, characterized by a parabolic move that has taken the price well above its long-term moving averages. However, short-term indicators such as an overbought RSI and contracting MACD histogram point to exhaustion and a likely consolidation or pullback toward the 20-day SMA. Investors should remain bullish on the trend but exercise caution regarding immediate entries due to the extended deviation from mean support levels.
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MU Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
While the primary trend is up, the stock is experiencing a pullback from recent highs with RSI in overbought territory (>70) and waning MACD momentum.
Long-term Sentiment (weeks to months): Bullish
Price is trading significantly above the rising 50-day and 200-day SMAs, showing a strong, established parabolic uptrend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:06:32.517Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $377.50 | $375.00 - $380.00 | Strong | Confluence of the 20-day SMA and the middle Bollinger Band. |
| $342.50 | $335.00 - $350.00 | Weak | Previous consolidation zone and swing highs prior to the most recent vertical leg. |
| $302.50 | $300.00 - $305.00 | Strong | Aligns with the 50-day SMA and lower Bollinger Band. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $457.50 | $455.00 - $460.00 | Weak | Upper Bollinger Band area acting as dynamic resistance. |
| $472.50 | $470.00 - $475.00 | Strong | Recent all-time high swing peak. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Parabolic Uptrend | Bullish | N/A | Price has advanced vertically away from moving averages, indicating extreme bullishness but also high risk of a mean-reversion pullback. |
| Weak | RSI Bearish Divergence | Bearish | $380.00 | While price has made new highs, the RSI is making lower highs (peaking lower than the previous surge), suggesting upward momentum is exhausting. |
Frequently Asked Questions about MU
What is the current sentiment for MU?
The short-term sentiment for MU is currently Neutral because While the primary trend is up, the stock is experiencing a pullback from recent highs with RSI in overbought territory (>70) and waning MACD momentum.. The long-term trend is classified as Bullish.
What are the key support levels for MU?
StockDips.AI has identified key support levels for MU at $377.50 and $342.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is MU in a significant dip or a Value Dip right now?
MU has a Value Score of 56/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.