Micron's RSI Hits Highest Level Since 1995, Echoing 40% Post-Peak Drop
MU•Micron's monthly RSI has surpassed 80 for the first time since 1995, indicating a significant overbought condition on a large timeframe. Following the 1995 peak, the stock declined approximately 40% over 18 months, suggesting potential for either a price correction or extended consolidation.
1. RSI Reaches Multi-Decade High
Micron's monthly relative strength index reading has climbed above 80, marking the highest level since 1995 on large-timeframe data. This surge reflects rapid price gains and signals elevated momentum beyond typical overbought thresholds of 70 or 80.
2. Historical 1995 Peak and Potential Risks
After peaking in 1995 with a similarly high RSI reading, Micron's share price fell roughly 40% over the subsequent 18 months. To alleviate the overbought signal, the stock may undergo a price correction or spend additional time in sideways trading, testing investor appetite for further gains.
