Micron Technology (MU) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for MU · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$892.67last close · Aug 4, 202652-week range $105.46 – $1,255.00 · 28.87% below the high

MU Falling Wedge Pattern

MU is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $1,299.31 (+46.9%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; MU's own falling wedges have hit 50.0%.

DirectionBullishTarget$1,299.31Projected move+46.9%Breakout level$902.56

New to this pattern? What a falling wedge is and how to trade it →

MU's Most Recent Bullish Pennant Trade

MU's most recent completed bullish pennant resolved as a loss: it broke higher on Mar 10, 2026 near $411.86, then was stopped out at $355.46 on Mar 26, 2026 — a -1.04R move (13.7%) over 12 sessions. Across 156 backtested bullish pennants, this setup wins 56.4% of the time.

OutcomeLossResult-1.04REntry$411.86Exit$355.46

Learn about bullish pennant

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
MU win rate
50.0%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

MU Pattern Trade History

Every completed pattern trade our nightly backtest found on MU's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantMar 10, 2026 @ $411.86Mar 26, 2026 @ $355.46Loss-1.04R
Bullish PennantDec 22, 2025 @ $277.15Feb 4, 2026 @ $379.40Win+1.84R
Falling WedgeMar 31, 2025 @ $86.00Apr 4, 2025 @ $66.56Win+1.04R
TriangleMar 7, 2025 @ $89.80Apr 7, 2025 @ $63.38Win+1.46R
TriangleFeb 27, 2025 @ $92.50Apr 4, 2025 @ $65.56Win+1.75R
Rising WedgeOct 19, 2023 @ $67.43Nov 3, 2023 @ $72.58Loss-1.06R
Falling WedgeJul 14, 2023 @ $64.73Nov 28, 2023 @ $76.12Win+2.69R
Bullish PennantMay 16, 2023 @ $64.94May 31, 2023 @ $68.20Win+0.61R
Rising WedgeMay 9, 2023 @ $59.81May 15, 2023 @ $64.64Loss-1.04R
Bullish PennantApr 28, 2023 @ $63.28May 31, 2023 @ $68.20Win+1.32R
Rising WedgeNov 8, 2022 @ $57.68Nov 17, 2022 @ $58.74Win+0.17R
TriangleOct 19, 2022 @ $53.29Nov 17, 2022 @ $58.74Win+3.35R

MU Support and Resistance Levels

Price was turned away at a ceiling near $1,351.76 about 6 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $679.19 — still about 24% away.

  • Traders commonly watch $679.19 as a target (its 50% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $1,351.76 ceiling about 6 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected resistance near $1,234.80. These are chart/swing-derived levels, not formula pivots.

Resistance
$1,234.80$1,264.49

MU Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$866.82$902.43$858.50$892.67
Aug 3, 2026$786.36$836.62$770.10$829.50
Jul 31, 2026$919.65$930.88$818.00$823.03
Jul 30, 2026$793.14$882.50$789.00$874.66
Jul 29, 2026$833.00$841.80$737.88$739.00
Jul 28, 2026$839.61$848.36$789.09$820.53
Jul 27, 2026$932.45$935.00$854.79$900.20
Jul 24, 2026$959.03$967.14$904.00$920.95
Jul 23, 2026$975.13$1,011.77$964.40$990.21
Jul 22, 2026$938.25$982.62$936.06$959.48

MU Frequently Asked Questions

What chart pattern is MU forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Micron Technology (MU) on the daily chart, with a measured-move target of $1,299.31.
Is a falling wedge bullish or bearish?
The falling wedge detected on MU is a bullish pattern, projecting a measured-move target of $1,299.31. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for MU?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), MU's nearest support is around n/a and nearest resistance around $1,234.80.
What is the price target if MU's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $1,299.31 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was MU's closing price on Aug 4, 2026?
Micron Technology (MU) last closed at $892.67 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.