The decline loses steam
Micron nearly flat (-0.5%): the sell signal keeps losing steam
Our view last week
Micron stock keeps accelerating: up 10.7% this week, with buying volume climbing to 91% and money flow turning positive again. It's the second straight week of a strong recovery, and the price is now boxed in between the 7-day high, in the 984 area, and the nearest support, in the 970.6 area. The Sell signal, live for 4 weeks, is looking shakier by the day — one of the memory stocks our technical analysis keeps a close eye on.
This week's summary
After two strong recovery weeks, Micron stock cools off: the week closes almost flat and sellers edge back ahead on volume. Under the surface, though, the decline keeps losing steam — the MACD histogram narrows for a second week, momentum turns positive again, and the ADX has fallen for six straight weeks. On the daily chart, the sequence of higher lows from the 738 area toward the 915 area keeps holding.
IQS Phase
50
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#86 / 93
US stocks
Trade P&L %
-13.88%
from signal to date, no stop loss
Rank position
ranks 86th among the 93 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
MU belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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