Micron Technology (MU) Price Forecast: Earnings Surge Drives New Highs
Micron Technology (MU) Price Forecast: Earnings Surge Drives New Highs
Publish Date: 2026-06-25 16:51:00
Source Domain: www.fxempire.com
MU weekly chart shows recent strong performance and potential measured move target zone
Trend Structure and Moving Average Support
MU broke out of a 15-month basing pattern in September and has continued to trend higher since then. The subsequent uptrend is defined by a rising trend channel. An upside breakout above that rising channel was successfully tested as support during a pullback. Support was also confirmed near the 20-day moving average and the prior trend high. Most recently, another successful test of support near the 20-day average on Wednesday ended the minor pullback and launched the stock into new trend highs. This is bullish behavior that further establishes the 20-day moving average as a key dynamic support level and suggests that higher targets may be tested.
Channel Extensions and Price Projections
The larger rising channel contains a shorter channel encompassing more recent price action. That smaller channel points to the potential for continued movement toward its upper boundary. Moreover, the three most recent sequential trend highs in MU, including Thursday, were established near the resistance defined by a 150% projection of the original long-term rising channel. This further confirms the market’s recognition of that pattern; therefore, it may once again serve as a guide for price action.
Key Support and Upside Continuation Path
Key support is near the 20-day moving average, currently near $1,025, and Wednesday’s higher swing low of $991.10. That low helps define the lower boundary of the smaller rising channel. If MU remains above those support levels, the earnings-driven breakout has the potential to develop into another sustained advance. Given the smaller channel’s position relative to the original larger channel, MU could continue to advance inside the smaller channel boundaries while progressing toward the 200% projection of the original channel.
Broader Bullish Structure Remains Intact
Overall, the post-earnings breakout…
