Micron Technology (MU) Technical Analysis

Micron Technology Inc (MU) is a leading semiconductor company specializing in the design and production of memory and storage solutions. In this technical analysis, we will examine key indicators and metrics to gain insights into the stock's performance. Starting with the Relative Strength Index (RSI), which measures the speed and change of price movements, we can assess whether the stock is overbought or oversold. The RSI for MU stock currently stands at a neutral level, indicating a balanced market sentiment.

Next, we turn our attention to the Average Directional Index (ADX), which measures the strength of a trend. The ADX for MU stock is showing a moderate strength of the current trend, suggesting a potential continuation of the prevailing market direction. Moving on to the Moving Average Convergence Divergence (MACD), this indicator helps identify potential buy or sell signals. Currently, the MACD for MU stock is indicating a bullish signal, with the signal line crossing above the MACD line.