By Daria Chernytska
Publication Date: 2026-05-01 16:33:00
Micron Technology, in collaboration with Dell and VMware, published a new technical blog and reference architecture showcasing a VMmark 4 world record.
The solution delivered an 18.1% higher overall VMmark score. Additional performance details can be found in the blog.
Highlights
- MU maintains strong bullish momentum, trading well above key moving averages across all timeframes and reaching the upper end of its weekly range.
- Technical indicators overwhelmingly signal continued upside, with buyers dominating and short-term volatility elevated as gains reach nearly 7% for the week.
- The baseline outlook expects MU to trade between $510 and $545, with a bullish break above $545 likely to trigger new highs.
Bullish trend as price holds above multiple support zones
MU is trading well above its MA-20 ($452.36), MA-50 ($422.91), and MA-200 ($274.82), confirming strong bullish momentum across short-, medium-, and long-term trends. The Ichimoku Kijun sits at $421.43, which acts as immediate support, while the nearest support levels are at MA-20 ($452.36, near-term) and MA-50 ($422.91, key), with resistance seen near the weekly high ($531.36, near-term) and possibly $545.70 (intraday high).
Upward momentum persists as buyers dominate and partial overbought signals emerge
Momentum remains robust with MACD and ADX on D1 both signaling a buy, while RSI shows a healthy 64.01, not yet overbought, but CCI signals overbought and BBP confirms buyers strongly…