Open buy · week 3 · US stocks
Micron slips 0.7% and bounces off its 20-day average, with the 1109 ceiling still intact
Our view last week
Micron adds 6.5% and moves its ceiling higher: last week it was pressing on the 1016 area, now it is working below its 7-day high, in the 1109 area, already tested 4 times. Micron stock stays in a buy signal 11% in profit since entry, 6th among the 106 open buys on US stocks, though the weekly price action shows contracting volume. This technical analysis now turns to the September 30 earnings report, due in the week ahead.
This week's summary
Micron ends the week down 0.7% after a 5% bounce off its 20-day moving average, touched in the 1020 area. The ceiling is the same as a week ago: the recent high in the 1109 area, approached once more without a close above it. Micron stock stays in a buy signal, up 10% since entry, with money flow improving for 5 weeks and the ADX falling for 12. For swing trading, this technical analysis leaves one level to watch: that high.
IQS Phase
53
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#6 / 93
US stocks in progress
Trade P&L %
+10.22%
from signal to date, no stop loss
Micron Technology (MU) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 6th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
MU belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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