What's Going on With Micron Technology Stock Thursday?
Micron Technology Inc. (NASDAQ: MU ) stock fell more than 2% in Thursday’s premarket session as risk appetite cooled across technology stocks. Nasdaq futures were down 0.42%, while S&P 500 futures slipped 0.04%. The decline comes as investors take some risk off the table after Micron’s sharp rally over the past year. The stock remains well above its longer-term trend lines, but the latest move shows traders are still reacting to short-term weakness in chip stocks. Micron is trading about 4.1% below its 20-day simple moving average of $1,048.47. That puts the near-term trend in reset mode after the stock’s June peak. However, Micron remains about 19.5% above its 50-day moving average of $841.56 and roughly 128.4% above its 200-day moving average of $440.26. That suggests the longer-term uptrend remains intact. Read Also: Trump Praises Micron's $250 Million Trump Accounts Commitmen...
Micron Technology Inc. (NASDAQ: MU ) stock fell more than 2% in Thursday’s premarket session as risk appetite cooled across technology stocks. 04%. The decline comes as investors take some risk off the table after Micron’s sharp rally over the past year.
The stock remains well above its longer-term trend lines, but the latest move shows traders are still reacting to short-term weakness in chip stocks. 47. That puts the near-term trend in reset mode after the stock’s June peak. 26.
That suggests the longer-term uptrend remains intact. 95. That is a neutral reading and suggests the stock is digesting recent gains rather than showing extreme buying or selling pressure. 50.
That level marks a recent rebound area the stock needs to clear to regain momentum. Key support is near $991. A break below that level could signal deeper weakness if buyers do not step in. Earnings And Analyst Outlook Micron’s next major catalyst is its expected earnings report on Sept.
22, 2026. 03 a year earlier. 31 billion a year ago. 3.
That suggests a fair valuation relative to peers. Analysts remain bullish on Micron. 05. Recent analyst actions include Cantor Fitzgerald raising its price forecast to $2,000 on June 29.
Barclays also raised its price forecast to $2,000 on June 25. Cantor Fitzgerald had maintained a $1,500 forecast on June 25. Edge Rankings Edge rankings show Micron has strong momentum and growth scores, even as valuation remains a concern. 83.
15. 83, reflecting the stock’s sharp run. The signal points to a stock still supported by growth and momentum. For longer-term bulls, the key question is whether support near $991 can hold as Micron tries to reclaim its 20-day average.
ETF Exposure Micron also has heavy exposure in several exchange-traded funds. 46% weight in the Global X DAX Germany ETF (NASDAQ: DAX ). That exposure matters because large ETF inflows or outflows can lead to automatic buying or selling of Micron shares. 76 during premarket trading on Thursday, according to Pro data.
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