MU technical analysis

The latest weekly close for MU is 1082.28. This price is 18.53% above the weekly EMA20 of 913.05, 58.73% above the weekly EMA50 of 681.83, and 246% above the weekly EMA200 of 312.8.

The weekly EMA stack for MU is bullish, with the EMA20 (913.05) above the EMA50 (681.83), which is in turn above the EMA200 (312.8). This configuration indicates a strong uptrend. It is important to note that the EMA stack describes the prevailing trend and not necessarily an entry timing signal.

No EMA50/EMA200 cross was found within the computable window.

What would change this read: A weekly close below the EMA20 at 913.05 would signal a short-term weakening of momentum. A more significant shift would occur with a weekly close below the EMA50 at 681.83. A weekly close below the EMA200 at 312.8 would invalidate the long-term bullish trend.

MACD versus Signal Line

The weekly MACD for MU is currently 122.35, which is below its signal line of 129.47. This indicates a bearish posture. A bearish signal-line crossover occurred on 2026-07-27, 9 weeks ago.

Histogram

The MACD histogram is negative at -7.12. The 4-bar change in the histogram is 8.34, indicating that the negative histogram is becoming less negative. This suggests a deceleration of bearish momentum.

Zero-Line Position

The MACD is currently above the zero line, which typically suggests a bullish long-term trend. The last zero-line cross was bullish, occurring on 2025-06-09, 68 weeks ago. This is distinct from the more recent bearish signal-line crossover.

Divergence Checks

A bearish divergence was identified. The close price increased from 971.66 on 2026-08-10 to 1016.59 on 2026-08-31, while the MACD decreased from 137.60 to 126.61 over the same period. No bullish divergence was found.

What would change this read

A change to a bullish read would require the MACD to cross above its signal line (above 129.47), the histogram to turn positive (above 0.00), or for the MACD to cross below the zero line and then cross back above it (above 0.00).

The current weekly RSI(14) for MU is 65.31, which is in neutral territory. The overbought threshold is 70, and the oversold threshold is 30.

Over the last four weeks, the weekly RSI has been rising, moving from 63.56 to its current value of 65.31.

The most recent band event occurred 13 weeks ago, on 2026-06-29, when the weekly RSI fell back below 70.

A bearish divergence check based on the last two price pivots (2026-08-10 close 971.66/RSI 62.59 -> 2026-08-31 close 1016.59/RSI 63.56) found no divergence. A bullish divergence check based on the last two price pivots (2026-07-27 close 823.03/RSI 56.26 -> 2026-08-24 close 932.86/RSI 59.92) also found no divergence.

What would change this read

A weekly RSI reading of 70 or higher would indicate an overbought condition. A weekly RSI reading of 30 or lower would indicate an oversold condition.

The current weekly ATR(14) for MU is 116.1, which represents 10.73% of the latest weekly close of 1082.28. This indicates that the average weekly trading range for MU over the last 14 weeks has been 116.1.

Volatility for MU is contracting. The current ATR(14) of 116.1 is lower than the ATR 8 bars ago, which was 136.35. This shows a notable decrease in the average weekly price movement.

The 1x ATR band from the latest weekly close suggests that a normal weekly trading range for MU would typically fall between 966.18 and 1198.38. Expanding this, the 2x ATR band indicates that a wider, though still expected, weekly range would be between 850.08 and 1314.48. These bands describe the expected weekly range based on historical volatility, not price predictions.

What would change this read

A weekly ATR(14) value rising above 136.35 would indicate an expansion of volatility. A weekly ATR(14) value falling significantly below 116.1 would signal further contraction in volatility. A significant change in the latest weekly close from 1082.28 would alter the percentage of price represented by the ATR.

52-Week High and Low

MU's 52-week high is 1255, which was established on 2026-06-22. The 52-week low for the stock is 179.61, set on 2025-10-06.

Distance from High and Low

The latest weekly close of 1082.28 is currently -13.76% away from its 52-week high. Conversely, the stock is trading 502.57% above its 52-week low.

Position in 52-Week Range

MU's latest weekly close is positioned at 83.9% within its 52-week range. This indicates that the stock is trading significantly closer to its 52-week high than its 52-week low, having made substantial gains over the past year. This high position suggests a strong upward trend and bullish momentum, indicating the stock is in an advanced stage of its longer-term upward cycle, well above the midpoint of 717.31.

What Would Change This Read

A weekly close above 1255 would signal a breakout to a new 52-week high, reinforcing the bullish trend. Conversely, a weekly close below the midpoint of the 52-week range at 717.31 would indicate a significant loss of momentum and a potential shift in the current bullish outlook.