Micron at $932.86 with RSI at 50.4 — the calmest semiconductor stock in a volatile sector.
Technical Snapshot:
- Price: $932.86 (-0.27%) | Trend: Uptrend
- RSI: 50.4 — dead neutral
- SMA5: $930 | SMA20: $921 | SMA50: $955
- Volume: 22.8M shares (0.52x — declining)
Key Levels:
Support: $921 (SMA20) > $861 (structural)
Resistance: $948 (SMA10) > $955 (SMA50) > $1,088
MU is 23% off its 3-month high of $1,214 but 26% above the 3-month low. With declining volume and neutral RSI, this is consolidation — not weakness. The memory cycle thesis is intact.
The semiconductor sector rotates in waves. MU sitting at the midpoint with an uptrend structure could be coiling for the next move.
Is memory the next semiconductor rotation trade?
#Micron #Semiconductors #DYOR
Not financial advice. Always do your own research before investing.
Technical Snapshot:
- Price: $932.86 (-0.27%) | Trend: Uptrend
- RSI: 50.4 — dead neutral
- SMA5: $930 | SMA20: $921 | SMA50: $955
- Volume: 22.8M shares (0.52x — declining)
Key Levels:
Support: $921 (SMA20) > $861 (structural)
Resistance: $948 (SMA10) > $955 (SMA50) > $1,088
MU is 23% off its 3-month high of $1,214 but 26% above the 3-month low. With declining volume and neutral RSI, this is consolidation — not weakness. The memory cycle thesis is intact.
The semiconductor sector rotates in waves. MU sitting at the midpoint with an uptrend structure could be coiling for the next move.
Is memory the next semiconductor rotation trade?
#Micron #Semiconductors #DYOR
Not financial advice. Always do your own research before investing.