MU Weekly 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
MU is in the midst of a historic, parabolic macro uptrend following a breakout from a multi-year base. All long-term moving averages are steeply rising, confirming the primary trend. However, with the weekly RSI deeply overbought at over 83 and price significantly extended above its moving averages, the stock is highly susceptible to a sharp mean-reversion pullback or an extended period of sideways consolidation to digest recent massive gains.
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MU Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is in a powerful, nearly vertical uptrend supported by expanding Bollinger Bands and a strong positive MACD, though an RSI above 80 flags extreme overbought conditions that could lead to near-term consolidation.
Long-term Sentiment (weeks to months): Bullish
The chart shows a massive breakout from a multi-year consolidation base, with price now well above strongly rising 20, 50, and 200-week SMAs in a perfect bullish alignment.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:34:17.125Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $350.00 | $340.00 - $360.00 | Weak | Minor structural pauses during the recent parabolic ascent. |
| $290.00 | $280.00 - $300.00 | Strong | Previous consolidation zone prior to the final vertical acceleration, aligning near the rising 20-week SMA. |
| $150.00 | $140.00 - $160.00 | Strong | The massive, multi-year structural breakout level that initiated the current macro uptrend. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $442.50 | $430.00 - $455.00 | Weak | Current local high and dynamic resistance from the upper Bollinger Band. The stock is currently in price discovery mode with no historical overhead resistance visible. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Parabolic Advance | Bullish | N/A | The recent price action is nearly vertical, accelerating away from all moving averages. While indicative of extreme buying pressure, it is historically unsustainable without a period of consolidation or mean reversion. |
| Strong | Multi-Year Breakout | Bullish | N/A | Price broke out of an extensive, volatile multi-year base (roughly between 60 and 150), launching the current massive trend. |
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 powerful, nearly vertical uptrend supported by expanding Bollinger Bands and a strong positive MACD, though an RSI above 80 flags extreme overbought conditions that could lead to near-term consolidation.. 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 $350.00 and $290.00. 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 44/100. 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.