Sell signal, confirmation week closes higher
Micron bounces 8.5% as its Sell signal loses steam in the confirmation week
Sell signal, confirmation week closes higher
Our view last week
Micron shares dropped 13.3% this week, and on our model a fresh Sell signal has fired: 12th among the 140 US sell signals. Signal strength at 100 out of 100 reads "decline starting to make lower lows": a drop that's already healthy. The stock is still 259.6% above its 200-week average, after a huge run-up, and the confirmation week is still open.
This week's summary
Micron shares bounce 8.5% off a clean double bottom in the 875 area, and the Sell signal that fired a week ago loses strength right in the week meant to confirm it: signal strength drops to 45 out of 100, an isolated pullback rather than a healthy decline. The confirmation week closes higher, and on our technical analysis that reads as a cue to exit the position. Micron slips to 49th among the 141 US sell signals.
IQS Phase
48
ordinary
Signal Strength
45
isolated weekly drop
Sizing
REDUCED
Ranking
#49 / 141
US stocks sell signals
Trade P&L %
-8.48%
from signal to today
Rank position
ranks 49th among the 141 sell signals for US stocks in our ranking, with a signal strength of 45 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
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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