Use this graph to draw trend lines for Micron Technology Inc. You can use it to identify possible trend reversals for Micron as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Micron price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Micron Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Micron Technology Inc applied against its price change over selected period. The best fit line has a slop of 0.11 %
which suggests that Micron Technology Inc will keep on generating value for investors. It has 42 observation points and regression sum of squers of 18.63 which is sum of squared deviations of the predicted Micron price change against its avarage change.
Micron has a best fit line with a correlation coefficient of 0.93. and coefficient of determination of 0.86. Note, that about 85.0%
of the company shares are owned by institutional investors