Micron Technology Technical Analysis Overview

MU -- USA Stock  

USD 43.21  0.87  2.05%

Micron Technology secures Mean Deviation of 1.16 and Risk Adjusted Performance of 0.16. In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Micron Technology as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for Micron Technology which can be compared to its peers in the industry. Please verify Micron Technology Mean Deviation, Information Ratio as well as the relationship between Information Ratio and Downside Variance to decide if Micron Technology is priced some-what accurately providing market reflects its recent price of 43.21 per share. Given that Micron Technology has Jensen Alpha of 0.19, we recommend you check Micron Technology last-minute market performance to make sure the company can sustain itself at future point.
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Micron Technology Technical Analysis

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The output start index for this execution was six with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Micron Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Micron Technology Trend Analysis

Use this graph to draw trend lines for Micron Technology. You can use it to identify possible trend reversals for Micron Technology 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 Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Micron Technology Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Micron Technology applied against its price change over selected period. The best fit line has a slop of 0.21 % which may indicate that the price for Micron Technology will continue to decline. It has 34 observation points and a regression sum of squares at 36.29, which is the sum of squared deviations for the predicted Micron Technology price change compared to its average price change.

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Micron Technology Market Strength

Micron Technology October 17, 2018 Daily Price Condition

Please see also Stocks Correlation. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.
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