MU Somewhat Bearish

MU shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis.

At the time of this writing, MU was trading at $51.83.

Levels from above will provide resistance, including:

51.98 from volume profile over the past 14 periods
52.09 from volume profile over the past 14 periods
52.36 from gaps
52.80 from gaps
53.21 from gaps
54.17 from gaps
54.58 from gaps
54.83 from gaps
55.48 from gaps
55.64 from gaps

We will find support from levels from below including:

51.80 from volume profile over the past 14 periods
51.51 from volume profile over the past 14 periods
51.33 from volume profile over the past 14 periods
51.17 from gaps
51.03 from gaps
50.82 from gaps
50.68 from volume profile over the past 14 periods
50.39 from volume profile over the past 14 periods
50.25 from volume profile over the past 14 periods
50.01 from gaps

Lets look at some technical analysis for MU. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. MU is below the 50 period SMA, which indicates a bear trend, but not oversold yet. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 7 confirms that MU is ranging, that is, no significant trend is observed.