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 (MU) is exhibiting an extremely strong parabolic trend, reaching all-time highs near 400 with bullish momentum confirmed by the MACD. While the long-term structure is decisively positive with price far above the rising 200-day SMA, the RSI at 76.77 indicates overbought conditions that often precede a period of consolidation or pullback. The most recent daily candle shows a minor rejection at the 400 level, serving as immediate resistance.
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MU Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is in a steep vertical uptrend with strong MACD momentum, although the red daily candle and RSI > 76 suggest overextension.
Long-term Sentiment (weeks to months): Bullish
The stock maintains a robust long-term uptrend, trading significantly above the rising 50-day and 200-day SMAs.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:06:10.249Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $335.00 | $330.00 - $340.00 | Strong | Confluence of the 20-day SMA and a recent consolidation breakout zone. |
| $275.00 | $270.00 - $280.00 | Strong | Alignment with the 50-day SMA and previous swing structure. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $402.00 | $400.00 - $404.00 | Strong | Psychological level, recent daily high, and the upper Bollinger Band. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Parabolic Advance | Bullish | N/A | Price has accelerated sharply upwards, diverging far from mean moving averages. |
Frequently Asked Questions about MU
What is the current sentiment for MU?
The short-term sentiment for MU is currently Bullish because Price is in a steep vertical uptrend with strong MACD momentum, although the red daily candle and RSI > 76 suggest overextension.. 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 $335.00 and $275.00. 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 5/100. 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.