As of May 22, 2026, MU (Micron Technology, Inc.) is in a parabolic state on the monthly chart, with a confidence level of 72%. Key support is at $540 and key resistance at $780. Monthly price is in a near-vertical advance with expanding ranges/volume; last close around $751 after a sharp impulse higher; RSI-14 ~87 (overheated).
Momentum continuation (Elliott: extended Wave 3/5 behavior) with a brief consolidation, then a push to new highs; risk is elevated but trend remains up while above the breakout shelf.
Mean-reversion / Wave 4-style correction: price rejects near the current highs and retraces toward the prior impulse zone/fast MAs before attempting a new leg.
Hold above $700 on a monthly close (no deep mean-reversion) while making a new monthly high above ~$780.
Monthly close below $540 (loss of the most recent breakout base/impulse support) would shift to VOLATILITY_EXPANSION pullback/bear phase.
Buy zones are aligned with likely Wave-4 / fib retrace area of the latest impulse and the prior breakout shelf; heavy-add only on deeper mean reversion toward the broader uptrend structure.
Trims are placed above the current resistance/new-high zone where parabolic extensions often exhaust (RSI extreme + distance from EMA50); fully exit only on very stretched multi-year extension.
As of May 22, 2026, MU (Micron Technology, Inc.) is in a parabolic state on the monthly chart with 72% confidence. Monthly price is in a near-vertical advance with expanding ranges/volume; last close around $751 after a sharp impulse higher; RSI-14 ~87 (overheated).
On the monthly timeframe, MU has key support at $540 and key resistance at $780. The most likely scenario (bullish) targets $820 and $960, with a revert level at $660.
MU (Micron Technology, Inc.) is currently classified as parabolic on the monthly chart, with 72% confidence. Confirmation requires: Hold above $700 on a monthly close (no deep mean-reversion) while making a new monthly high above ~$780. This would be invalidated by: Monthly close below $540 (loss of the most recent breakout base/impulse support) would shift to VOLATILITY_EXPANSION pullback/bear phase.
The most likely scenario (bullish) targets $820 and $960, with a revert level at $660. The alternative scenario (bearish) targets $660 and $540.
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