Uptrend Under Pressure 93
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 93/100 · 7 distribution days (SPY) Sep 11 Full briefing →
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MU · Micron Technology, Inc.

$977.41 -4.90% Sep 10 close
Detected setup Cup & Handle · Setup Score 85/100

Stand aside — setup invalidated

Setup score 85, but distribution days reach 5 or more — stand aside until the condition resets.

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$MU

Micron Technology, Inc.

Micron Technology, Inc. is a mega-cap Semiconductors company in the Electronic Technology sector with a market cap of $1.1T.

Electronic Technology Semiconductors stock Stage 2 · Advancing Base 1
$977.41 latest close
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Verdict · setup score 85/100 · data Sep 10 close · 1 session old

Stand aside — setup invalidated

Setup score 85, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Earnings

Normal technical setup

Next earnings Wednesday, September 30, 2026 After market close Exact clock time not supplied by source

Deterministic evidence

MU-4.90%
Semiconductor proxy · SMH-2.44%
Broad market · SPY-0.60%
Same completed session window ending 2026-09-10. MU was -2.46 points vs SMH. -4.30 points vs SPY. Provider article-level bullish tag · TradingKey: Micron Stock Forecast: MU Surges Past $1,000 Mark, Can It Hit a New Record High in September?

Session internals Weak

Rule: closed flat-to-down and in the bottom third of the range. Judged on internals, not on the size of the move.

Vs prior close-4.90% From the open-1.96% Range position15% GapHeld
QQQ confirmationConfirming (-1.06%) SMH confirmationConfirming (-2.44%)
Short-term conviction -1 points.
  • Positive catalyst received negative stock confirmation.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $977.41 -4.9% Sep 10 close
52W High $1255.00 22.1% below high
Wks Since High 10w
Base Depth 41.2%
RS Rank 97 percentile of scan
SMA 50 $929.75
Avg Vol 37,228,650
Rel Vol (Sep 10) 0.70×
More stats
52W Low $138.34
Tight Wks 0
Base B1
SMA 200 $618.23
RS Line vs High -22.0%
RS Line Slope +5.6% ▲
Group Rank #17/58
ADR% 4.3%
ATR(14) $44.51 (4.5%)
Vol Pace (live) N/A
U/D Vol 1.12
A/D Days 16A / 19D
A/D Rating E
VDU Bars 0/10 d
Power Trend 4d
Earnings in 18d
Position in 52-week range 75thpercentile of the 52-week range
$138.34low
$1255.00high

MU Chart

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Technical Analysis Report Card

$MU · $977.41 · as of 2026-09-10 · multi-factor read
86
/ 100
Technicals 86/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▲ Uptrend
Weekly ▲ Uptrend
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$929.75 ↑
100-day$879.82 ↑
200-day$618.23 ↑
Bullish (50 > 200)

RSI (14)

Reading53.3 · Neutral

Neutral — momentum is balanced between buyers and sellers.

MACD (12/26/9)

StateBullish
Histogram+6.089

Bullish — MACD above its signal line and above zero. Histogram contracting.

Bollinger Bands (20,2)

%B / Width62% · 13.3%
Squeeze — volatility compressing

Mid-band — no directional band edge in play. Bands are squeezing — volatility is compressing, often a precursor to a sharp move.

Volume · Buyer vs Seller

Up/Down vol1.12 · Neutral
Rel volume0.7×

Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.

Support & Resistance

R · $1011.77swing level
R · $1036.13swing level
R · $1089.29swing level
Price · $977.41now
S · $889.63swing level
S · $854.35swing level
S · $804.00swing level

Fibonacci · Uptrend swing

23.6%$1032.33
38.2%$894.58
50.0%$783.25
61.8%$671.91
78.6%$513.40

Retracement support zones measured from the recent swing low up to the high.

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Daily uptrendWeekly uptrendAbove 200-day MA50/200 bullishRS 98 (leader)
Want this read in a legend's voice? Ask a Legend about MU
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.

Council consensus: 6 of 6 legends are Watching — building, not yet a confirmed buy.
Minervini
Watch
Minervini B

Trend-template read: 10/12 pass; wait for the soft misses to improve.

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $977.41, MA150 $722.02, MA200 $618.23
1.2 150-day MA > 200-day MAMA150 $722.02 vs MA200 $618.23
Failing evidence
2. Quarterly EPS growth ≥ 25%From SEPA scan
2. ROE ≥ 17%From SEPA scan
10/12 checks
Method → Playbook → Ask →
O'Neil
Watch
O'Neil D

CANSLIM read: 3/8 pass; improvement is still needed.

Passing evidence
C: Quarterly EPS acceleration ≥ 25%CANSLIM grade B
L: RS rank ≥ 80 (IBD leadership)RS rank 98
Failing evidence
N: Near 52-week high or RS line new high22.1% below high | RS line new high: False
S: Volume ≥ 40% above average on breakoutVolume ratio 0.70x
3/8 checks
Method → Playbook → Ask →
Weinstein
Watch
Weinstein B

Stage-analysis read: Stage 2 is present; 1 supporting checks need improvement.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $977.41 vs MA200 $618.23
Failing evidence
Volume expansion above averageVolume ratio 0.70x
6/7 checks
Method → Playbook → Ask →
Livermore
Watch
Livermore B

Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$977.41
Relative strengthRS 98
Failing evidence
Volume vs average0.70x
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Darvas
Watch
Darvas B

Box-theory read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$977.41
Relative strengthRS 98
Failing evidence
Volume vs average0.70x
Box top broken on heavy volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Wyckoff
Watch
Wyckoff B

Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$977.41
Relative strengthRS 98
Failing evidence
Volume vs average0.70x
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
4/6 checks
Method → Playbook → Ask →
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising
601RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -9 E
A: 12 D: 21 Net: -965 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 4/7 met
B 4/7 criteria
Separate score from the Minervini Trend Template (8/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
✗ EPS acceleration ≥25% QoQ —
✓ Revenue growth ≥20% YoY +49%
✗ Gross margin ≥30% —
✗ ROE ≥17% —
✓ RS rating ≥80 (leadership) 98
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -22.1%

Method Playbook

Trade it like O'Neil EXACT LEVELS · PRO
O'Neil D · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use the proper base pivot or handle high after CANSLIM leadership and market-direction checks are satisfied.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a breakout through the pivot on volume at least 40% above average; the valid buy zone ends 5% above the pivot.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Use the setup's structural stop with a hard 7–8% maximum-loss ceiling from the actual entry.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Protect progress under constructive support such as the 21-day or 10-week line; a stop may ratchet higher but never lower.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit on the hard loss limit, a decisive support break, or a rule-based climax/distribution signal; a normal 20–25% advance is reviewed rather than assumed permanent.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Forming Patterns (predictive — not confirmed)

Inverse Head & Shoulders bullish forming
80% built

Possible inverse head & shoulders — not confirmed. Watch for a daily close above ~1060.49 (neckline) to confirm, with a measured move toward ~1383.10. A drop under the right shoulder near 887.60 weakens the structure; a close below the head near 737.88 invalidates it.

Confirms above 1060.49
Invalidates at 737.88
Left Shoulder 804.00
Head 737.88
Right Shoulder 887.60
Neckline 1060.49
Target 1383.10

LS 804.00 / head 737.88 / RS 887.60, neckline ~1060.49, 7.8% below confirmation

Head & Shoulders bearish forming
75% built

Possible head & shoulders top — not confirmed. Watch for a daily close below ~635.11 (neckline) to confirm, with measured-move risk toward ~15.22. A push back above 1036.13 weakens the pattern; reclaiming 1255.00 invalidates it.

Confirms below 635.11
Invalidates at 1255.00
Left Shoulder 1089.29
Head 1255.00
Right Shoulder 1036.13
Neckline 635.11
Target 15.22

LS 1089.29 / head 1255.00 / RS 1036.13, neckline ~635.11, vol_fading=yes

Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.

Pattern Analysis

Cup & Handle Historical replay: +20% before −8% within 40 sessions: 21% (n=53) · source bars 2025-03-17–2026-09-04 · avg +1.9% per setup (+0.24R)
85 setup score
RS Score 98
Trend template 8/8 ✓
CANSLIM 68.3* (B)
27.5% cup depth 11.8% handle
Why This Setup?
cup handle Cup & Handle · schematic

depth=27.5%, handle_pb=11.8%, lips_diff=2.7%, upper_half=yes, u_shape=yes, near_pivot=no, orderly=yes | Strong trend (8/8) | Top RS (98) | High-confidence pattern (80%) | Stage 2 | Readiness 67/100 (watch) | CANSLIM 68.3 (B)

Ask a Legend ▾
The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

2/7 universals met
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Clear of earnings — partly met in 18 days — size down
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.7× average — light
  • A relative-strength leader — met RS rank 97
  • In a confirmed uptrend — met Stage 2 · Trend template 8/8
Why these seven? → The Universal Edge

Minervini Trend Template

8/8 ✓

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $977.41 vs SMA150 $722.02 / SMA200 $618.23
SMA 150 above SMA 200 SMA150 $722.02 vs SMA200 $618.23
SMA 200 trending up Slope +73.04 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $929.75
Price above SMA 50 $977.41 vs SMA50 $929.75
30%+ above 52-week low +606.5% from $138.34
Within 25% of 52-week high -22.1% from $1255.00
RS score above 70 RS 98

Fundamentals

52W Range
75%
Mkt Cap SEC
1.1T
Rev YoY
+49%
EPS TTM
$7.59
P/E TTM
128.8x
Float
1.1B

Company

Company profile
Micron Technology, Inc.
MU · NASDAQ · Electronic Technology · Semiconductors
Track all markets on TradingView
O'Neil · Grade Card
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
B 68.3* CANSLIM * disqualified on M
C · Curr. EPS
40
A · Annual EPS
100
N · New Highs
40
S · Supply/Demand
45
L · Leader RS
98
I · Inst. Spons.
96
M · Market
30

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
8/8
W. RS
100
W. Support
$311.49
W. Resist
$1255.00
Weekly Structure

Scan History

20× streak
Sep 09: 87 (Cup & Handle)Sep 10: 88 (Cup & Handle)Sep 10: 90 (Cup & Handle)Sep 11: 55 (Cup & Handle)Sep 11: 85 (Cup & Handle)85
Sep 11
Cup & Handle ✓ Gate
85
Sep 11
Cup & Handle ✓ Gate
55
Sep 10
Cup & Handle ✓ Gate
90 0.0%
Sep 10
Cup & Handle ✓ Gate
88 0.0%
Sep 09
Cup & Handle ✓ Gate
87 -4.9%

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