Question 1

What implications does the 10-day RSI indicator have for MU?

Accepted Answer

The RSI Oscillator for MU moved out of oversold territory on August 08, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In 22 of the 23 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

What does the Stochastic Oscillator suggest about MU's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Question 3

How did MU's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 15, 2024. You may want to consider a long position or call options on MU as a result. In 76 of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for MU?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for MU just turned positive on August 13, 2024. Looking at past instances where MU's MACD turned positive, the stock continued to rise in 36 of 49 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for MU?

Accepted Answer

Following a +1.57% 3-day Advance, the price is estimated to grow further. Considering data from situations where MU advanced for three days, in 223 of 315 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for MU's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MU declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.

Question 7

What does MU breaking above its upper Bollinger Band indicate?

Accepted Answer

MU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 8

How does the Aroon Indicator reflect on MU's trend?

Accepted Answer

The Aroon Indicator for MU entered a downward trend on August 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

MU Stock Micron Technology (MU, $133.71) entered Uptrend as Momentum indicator ascends above 0 level on Jun 05, 2024

MU's RSI Indicator climbs out of oversold territory

General Information