The price of Micron Technology, Inc. (NASDAQ:MU) over the past year has increased 121.44% while the S&P 500 has increased 19.09%. During the past 20 days, MU has decreased -4.72% while the broad market has increased 1.68%. MU ‘s 20-day moving average currently sits below its 100-day moving average. This is a bearish signal that suggests the stock price might have farther to fall. MU’s average trading volume during the past 20 days is lower than the average volume over the past 100 days, which could be an indication that investors are feeling less certain than usual about the direction of MU’s future price movements.

Recent trading patterns in the stock of Micron Technology, Inc. (MU) have investors on high alert. Many experts agree that the best way to predict future performance is by studying the past. In the cast of MU, these trading patterns could have some important implications for future performance. In the most recent quarter, institutional ownership increased by a net of 58.1 million shares, or 6.1%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for MU overall.433 holders increased their positions, 319 decreased their positions, and 66 holders held their positions.

Among institutions that increased their positions, 123 were new positions. Among holders that decreased their positions, 61 sold out of the stock Micron Technology, Inc.. Insider ownership during the latest quarter increased by a net of 64832 shares, indicating that MU’s key executives are feeling more bullish about the stock than they did three months ago. 15 or 32.61% of the trades during the past quarter were buys, and 31 or 67.39% were sells. Insider ownership during the last year has decreased by a net of 341045 shares. 22.78% of insider trades in the last 12 months were buys, and 77.22% were sells.

Micron Technology, Inc. (NASDAQ:MU) has a 20-day RSI of 44.61%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. MU’s 9-day MACD currently sits above the 20-day MACD, indicating that MU’s downside momentum has increased during the last three weeks. This suggests that the trend will likely continue. MU’s average trading volatility during the past few weeks is 24.1% higher than the average volatility over the past 100 days. This means that the stock’s daily price swings have been more extreme in recent times compared to the past.

Analysts expect Micron Technology, Inc. (MU) to generate earnings per share of $7.42 in 2017. This works out to an increase of 68.25% compared to last year’s earnings. For comparison’s sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The average investment rating for MU on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.70 or a Moderate Buy. Three months ago, analysts assigned MU a 4.71 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year.