After completing its last trading session, Micron Technology, Inc. (NASDAQ:MU) dropped by -2.5% – here is what that looked like (as of 2019-12-04):
Why are these moves happning?? To understand this better, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 51.859, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.04, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.975, an Accumulation/Distribution Index (ADI) of 0.975, an On-Balance Volume (OBV) of 838.088, and a Chaiikin Money Flow (CMF) of 46.39. 5.071
So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for Micron Technology, Inc. (NASDAQ:MU). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.