Micron Technology Inc. (MU) could make a significant bottom sometime in October 2026.
A six – month time cycle points to a bottom for MU in October 2026. This cycle low came within one week of the bottom made late March 2026. The rally in October 2025 was so powerful it made the time cycle ineffective. Note that the MU peak in June 2026 was within one week of the cycle high.
Weekly RSI confirms an important peak made at the MU June 2026 high. Note the significant bearish RSI divergence. Subsequently RSI broke below its moving average line indicating more downside action. Current weekly RSI reading is 58.71, far above the oversold zone which begins at 30.00.
The more sensitive Stochastics confirms the bearish RSI signal. Weekly Stochastic is far above its oversold zone which begins at 20.00.
Ichimoku Cloud is a good indicator to discover potential support/resistance zones.
Please note that its upper boundary in October 2026 is near chart support made March to April 2026.
MU could make a significant bottom in the 310 to 390 area sometime in October 2026.