The bounce lasts just one week
Micron drops 10.6%: the decline resumes making lower lows
The bounce lasts just one week
Our view last week
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.
This week's summary
Micron sheds 10.6% this week, wiping out the 8.5% bounce from seven days ago that had cast doubt on the Sell signal. The weekly MACD flips back into a bearish cross, daily money flow turns to distribution, and sellers stay slightly prevalent in the latest session: the decline resumes making lower lows after the pause. The theoretical short position is already up 3%.
IQS Phase
69
in tension
Signal Strength
55
decline starting to make lower lows
Sizing
STANDARD
Ranking
#10 / 138
US stocks sell signals
Trade P&L %
+3.05%
from signal to date, no stop loss
Rank position
ranks 10th among the 138 sell signals for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
MU belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
restricted Platinum content